About This Home

This 0-bedroom, 0-bathroom commercial at 205 S Main Street in Galena, IL is listed for $1,950,000 ($263 per sqft). Built in 1840, the home offers 7,423 sqft of living space on a N/A lot.

Key Features

  • Built in 1840

Property Details

1840

Amenities

SolarA/C
Listing Description

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.

Monthly Cost Estimate

$10,429/mo

20% down · 6.5% · 30 years

Principal$1,410
Interest$8,450
Insurance$569

Estimates only. Actual payments may vary.

Location

205 S Main Street

Galena, IL 61036

Property Details

Flooring

VinylTile

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 205 S Main Street is listed at $1,950,000 ($263/sqft). The estimated monthly payment is $10,429 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1840.

This property is listed by SHELLY MCCOY and can be reached at 8152385676.

SM

SHELLY MCCOY

Agent at COLDWELL BANKER NETWORK REALTY

(815) 238-5676

Listed by COLDWELL BANKER NETWORK REALTY

MLS# 202604453· Source: listhub· 1 day on market

Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

205 S Main Street, Galena, IL 61036

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