205 S Main Street Galena, IL $ 1,950,000
205 S Main Street
$ 1,950,000
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205 S Main Street

Galena, IL, 61036
$ 1,950,000
Bedrooms-- Baths-- Sq 7,423

Monthly Estimate*

$ 12,313

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Commercial Property for sale in Galena, IL

for $1,950,000. This building is 7,423 square feet.

Potential investment opportunity in the heart of historic Galena! This beautifully restored mixed-use property is home to a highly successful short-term rental business and includes a transferable short-term rental license, making it truly turnkey for the next owner. Offered beautifully furnished, the guest accommodations are thoughtfully appointed and ready to continue generating income from day one. The property features two spacious luxury suites with a total of seven bedrooms and four full baths, expansive living and dining areas, updated kitchens, and convenient laundry facilities. A thriving storefront occupies the main level, providing additional income potential. A rare opportunity with exceptional charm and quality. Solar Panels on Roof Square footage sourced from architectural drawings.

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Commercial Active

Price

$ 1,950,000

Property Type

Commercial

Taxes

$ 18,283

Style

Commercial

Town/City

Galena

County/Region

Jo Daviess

MLS | Web ID

202604453

Features
General
Parking no
Zoning Commercial
Water City
Sewer City
School District Galena
Water Heater Natural Gas
Class COMMERCIAL/INDUSTRIAL
Type Commercial
Tax Year 2025
Roof Rubber
Electric Circuit Breaker
Status ACTIVE and AVAILABLE
Subdivision IL
Sale/Rent For Sale
Status Detail 0
Primary City Galena
Year Built 1840
City GALENA
Taxes 18283
DOM 0
Postal Code 61036
Price Per Sq Ft Total AG 262.7
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Interior
Basement Crawl Space
Heating Gas Forced Air
Flooring Vinyl Tile
Warehouse Sq Ft 0
Walls Drywall Other
Insulation Yes
Air Conditioning Central
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Exterior
Exterior Brick
Sprinkler? Yes
Lot Size Area 0
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* Excluded Features
List By
Shelly Mccoy

Listing Agent

Coldwell Banker Network Realty

Broker

shelly.mccoy@cbnetworkrealty.com

Email

Affordability Calculator

$13,836
Per Month
89%
11%
0%
Monthly Principal & Interest
$12,313
Monthly Property Taxes
$1,524
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
7/20/2026$1,950,000 Listed Price

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205 S Main Street, Galena, IL, 61036 is a Commercial Property for sale at $1,950,000 with 7,423 sqft. The property's zip code is 61036 which is in Galena, IL