515 Main Street Galena, IL $ 800,000
515 Main Street
$ 800,000
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515 Main Street

Galena, IL, 61036
$ 800,000
Bedrooms-- Baths-- Sq 10,972

Monthly Estimate*

$ 5,051

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Commercial Property for sale in Galena, IL

for $800,000. This 10,972 square foot building was built on a lot size of 0.16.

Introducing 515 and 517 Main Street—an extraordinary opportunity located just beyond Galena’s historic flood gates. Rich with character and history, these connected buildings are ready for a visionary buyer to bring new life to one of Galena’s most unique properties. The main level of 515 Main Street offers expansive retail space, while the second level is currently arranged as a restaurant. At the heart of the building is a breathtaking staircase that looks as though it came straight from a dream, beautifully connecting each level and adding unforgettable architectural character throughout the property. A second staircase provides convenient employee and service access between the floors. Continue upward to discover a spacious banquet hall on the third floor, followed by a large commercial-style kitchen on the fourth floor—a cook’s dream with plenty of room to create something truly special. The upper loft also provides additional residential space. Connected from the interior main level, 517 Main Street expands the available retail footprint and offers even more possibilities. The upper level features a two-bedroom apartment, creating an opportunity for owner occupancy, employee housing, long-term rental income, or another potential use. Outside, enjoy a beautiful courtyard located to the south of 517 Main Street, along with a deck at the rear of the building—perfect for outdoor dining, entertaining, or relaxing. With retail, restaurant, event, residential, and outdoor spaces all wrapped into one remarkable property, the possibilities are nearly endless. These buildings have been patiently waiting for someone with the creativity and ambition to restore them to their full potential and make their next chapter a reality.

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Commercial Active

Price

$ 800,000

Property Type

Commercial

Taxes

$ 16,104

Style

Commercial

Lot Size

0.16

Town/City

Galena

County/Region

Jo Daviess

MLS | Web ID

202604533

Features
General
Water City
Sewer City
School District Galena
Water Heater Natural Gas
Class COMMERCIAL/INDUSTRIAL
Type Commercial
Tax Year 2025
Roof Other
Electric 200 amp
Status ACTIVE and AVAILABLE
Subdivision IL
Sale/Rent For Sale
Status Detail 0
Primary City Galena
Year Built 1940
City GALENA
Taxes 16104
DOM 1
Postal Code 61036
Price Per Sq Ft Total AG 72.91
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Interior
Basement Slab
Heating Gas
Flooring Wood Carpet
Warehouse Sq Ft 0
Walls Drywall Plaster
Insulation Yes
Air Conditioning Central
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Exterior
Exterior Brick
Sprinkler? Yes
Lot Size Area 0.16
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* Excluded Features
List By
Danielle Cline

Listing Agent

Dc Rise Real Estate

Broker

dcline@dcrisere.com

Email

Affordability Calculator

$6,393
Per Month
79%
21%
0%
Monthly Principal & Interest
$5,051
Monthly Property Taxes
$1,342
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3439153 Elementary School
3439169 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/23/2026$800,000 Listed Price

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515 Main Street, Galena, IL, 61036 is a Commercial Property for sale at $800,000 with 10,972 sqft and a lot size of 0.16. The property's zip code is 61036 which is in Galena, IL