7,423 sqft

$1,950,000

205 S Main Street, GALENA IL, 61036

Price per sqft$262.70

Built in1840

Property size7,423 sqft

Property typeCommercial

Overview

Pending

Pending Show

Listed Jul 20, 2026

Updated 4 weeks ago

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.

Other Property Details

Taxes: $18,283
Tax Frequency: Annually

Listing Contact: 815-238-5676

Based on information from NorthWest Illinois Alliance of REALTORS® as of 8/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 9:59 PM UTC, 8/27/2026