$499,000
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349 Spring Street Galena, IL 61036
Single Family
Residence
8
Beds
8
Baths
Sq. Ft.
0.24
Acre
Lot
Property Activity
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New Price!! Building zoned downtown commercial with endless possibilities, or a turnkey business opportunity. Own a piece of Galenaâ??s rich history and a successful hospitality business with this stunning 8-bedroom, 8-bathroom historic inn, built in 1838. Ideally located just steps from Galenaâ??s ...bustling Main Street, with ample parking in a private lot. This well-preserved property has been thoughtfully transformed into a thriving boutique hotel, offering a perfect blend of historic charm and modern conveniences for todayâ??s independent traveler. Each of the eight private suites features its own ensuite bath, ensuring guest comfort and privacy. The inn has been newly equipped with modern amenities like Tesla car charger, Ecobee smart thermostats, smart locks with keypad and key entry, smart TVs, mini-fridges with freezers, Keurig coffee makers, and eco-friendly toiletries from Public Goods, making it a favorite among discerning guests. Select rooms with a private entrance are also pet-friendly, broadening its appeal to a wide range of travelers. The inn's business operations are designed for ease and efficiency with online booking systems and minimal hands-on management. Guests enjoy shared spaces such as full kitchen, dining room, cozy lounge, and picturesque outdoor areas that offer a variety of relaxation optionsâ??from lounging in the canopy bed on the screened-in-porch with a book to gathering around the campfire for s'mores or enjoying picnics at the outdoor tables. The sale includes not just the property, but also the established and profitable business, complete with furnishings, decor, linens, towels, website offering direct bookings, a loyal customer base, and excellent reviews. With the road construction coming to a completion and private parking walkable to Galenaâ??s shops, restaurants, and entertainment, the inn is perfectly situated to attract visitors seeking both history and convenience. Whether you're an investor looking to expand your portfolio or an entrepreneur ready to step into a turnkey hospitality business, this historic inn offers tremendous potential. With flexible rental options, itâ??s perfect for weekend travelers, wedding parties, and large groups. This property has been rezoned to downtown commercial, offering the option for retail, a restaurant, spa, or whatever else you can dream up (with city approval). Donâ??t miss this rare opportunity to own a piece of Galenaâ??s history while running a successful boutique hotel. Contact us today to explore this unique investment in both real estate and hospitality! Business financials available upon request from qualified buyers. Seller is a licensed real estate agent.
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MLS#
202405927
Property Type
Single Family
Bedrooms
8
Bathrooms
8 Full
Price per Sq. Ft.
$157.91
Lot Size
0.24
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