About This Home

This 4-bedroom, 4-bathroom single family at 341 Spring Street in Galena, IL is listed for $419,000 ($200 per sqft). Built in 1838, the home offers 2,096 sqft of living space on a 0.46 acres lot.

Key Features

  • Built in 1838
  • 0.46 acre lot
  • Fireplace

Property Details

4 full
1838

Amenities

FireplaceA/C
Listing Description

Rare opportunity to acquire a fully operational, income-producing commercial property with additional buildable land and ample parking-offering immediate cash flow and long-term upside. Unlock the potential of this versatile commercial property, currently operating as Greenbriar Suites, offering multiple income and redevelopment opportunities in one prime package.

Zoned commercial and situated on 0.46 acres (including two additional buildable lots), this property is ideal for continued use as a bed & breakfast, or conversion to professional offices, boutique retail, or other business ventures. The property includes four private guest suites, each with its own exterior entrance, full bath, gas fireplace, and

furnishings (included if desired)-well-suited for short-term rentals or easily adapted for individual office or retail use. Operational features include zoned heating, two 50-gallon gas water heaters, and a large laundry room, all of which support efficient day-to-day operations.

Guests and clients will appreciate 10 dedicated parking spaces, along with a charming rear deck/patio that enhances the overall experience. The building is currently configured in conjunction with the owner's residence to meet inn requirements. While the residence is not included in this listing, it may be purchased separately by the buyer of the suites, creating a unique opportunity for a live/work setup or expanded hospitality use.

With flexible zoning, strong infrastructure, ample parking, and additional buildable land, this property presents a rare chance to own, operate, or reimagine a business in a high-demand setting.

Monthly Cost Estimate

$2,241/mo

20% down · 6.5% · 30 years

Principal$303
Interest$1,816
Insurance$122

Estimates only. Actual payments may vary.

Location

341 Spring Street

Galena, IL 61036

Features & Amenities

Interior Features

Ceiling Fan(s)Window Treatments

Property Details

Heating

Forced AirZonedNatural Gas

Cooling

ZonedCentral Air

Appliances

DryerWasherWater Softener Rented

Questions & Answers

This 4-bedroom, 4-bathroom single family at 341 Spring Street is listed at $419,000 ($200/sqft). The estimated monthly payment is $2,241 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1838, 0.46 acre lot, Fireplace. Interior Features: Ceiling Fan(s), Window Treatments.

This property is listed by MARK SUMPTER and can be reached at 7732091987.

MS

MARK SUMPTER

Agent at Eagle Ridge Realty

(773) 209-1987
Agent website

Listed by Eagle Ridge Realty · Broker phone: (815) 777-2800 · View on Broker Site · Broker website

MLS# 202602119· Source: NorthWest Illinois Alliance of REALTORS· 180 days on PropertySimple

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.

341 Spring Street, Galena, IL 61036

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