About This Home
This 0-bedroom, 0-bathroom commercial at 412 Spring Street #414 & 412 Spring St/Highway 20 in Galena, IL is listed for $850,000 ($82 per sqft). Built in 2000, the home offers 10,342 sqft of living space on a 0.45 acres lot.
Key Features
- Built in 2000
- 0.45 acre lot
Property Details
Amenities
Price REDUCED to $850,000! TURN KEY Galena INN "Abe's Spring Street guest House! This B&B is licensed for an Inn, included in the sale price, the Website & booking system, furnishing & some of the work of art by the seller! GREAT BUSINESS OPPORTUNITY RIGHT ON HIGHWAY 20!
Property is zoned DOWNTOWN COMMERCIAL & Residential with unlimited possibilities! The Annex 412 Spring St. & The Abe's Guest House 414 Spring St are being sold as ONE PROPERTY, which makes up the INN". Boasting 6 deluxe suites, & a private Sauna Room!
The Annex was designed as an artist complex studio, having small commercial kitchen, in floor heat, upper office 396 sq. ft, ample storage space & 3 guest units, retail & or manufacturing space totaling appx 7530 sq. ft. The Annex built in 2000 on the foundation of "THE CITY BREWERY" of the 1800's uncovering 2 rock vaulted rooms, once used for the first cooling of the beer kegs!
Both of these very unique and historical properties are truly Galena's gems! 414 Spring St. Abe's Guest House total sq. ft 2712, which has 3 guest units, was the original Ice House where the beer barrels were cooled. Total Sq Ft total of 10,342(county tax sheets ) for both The Annex & Abe's Guest House.
The seller, a renowned artist, potter & sculptor, his work can be seen in many original details in these two building! All six units could be utilized for long term rentals. Each units are separately metered for electricity. WiFi is available in all units The top unit of "Abe's Guest House" has recently been remodeled and is actually a small two bedroom Apartment.
Both buildings could be converted into private residential homes.Walking distance to downtown Galena with it's many shops and restaurants. This is a piece of Galena's history & unlimited possibilities for your own business! Call Ginger for your private tour and see the hidden gems!
Monthly Cost Estimate
$4,546/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
412 Spring Street #414 & 412 Spring St/Highway 20
Galena, IL 61036
Property Details
Flooring
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 412 Spring Street is listed at $850,000 ($82/sqft). The estimated monthly payment is $4,546 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 2000, 0.45 acre lot.
This property is listed by GINGER EISBACH and can be reached at 8152382939.
