Historic Galena Illinois Bed and Breakfast for sal – Galena, IL

Galena, IL   Offered for sale at $795,000
 

This Galena Illinois Bed and Breakfast for sale is a 10 room lodging property in the active Galena marketplace. The property is comprised of two meticulously restored brick buildings (circa 1850) with three guest rooms, one superior room, and six spacious suites featuring fireplaces, double whirlpool tubs, stained glass windows and skylights. The all-brick structure is zoned commercial and sits on one of the main roads entering Galena from Dubuque, Iowa, in a National Registered Historic District.

The Inn enjoys an enviable location in walking distance to quality dining, countless boutique shops, and attractions of downtown Galena. Except for a small breakfast room off the brick courtyard between the buildings at 324 and 328 Spring Street, all common areas are external which provides a unique lodging experience. While the physical plant and design of guest rooms are appealing, the business activity leaves room for improvements which should be easily achievable given the Inn’s location in the Galena marketplace. A 800 square foot commercial storefront (currently utilized by a local real estate firm) offers an opportunity to expand the interior common spaces, long term rental opportunities, or space to develop a spacious owner’s apartment.

People visit Galena for a variety of reasons. There is a museum of Ulysses S. Grant’s home, art galleries, vineyards, hiking and biking, water sports on the Galena River and nearby Mississippi, and scenic hot air balloon rides. Within a half hour is the Potosi Brewery and the original Field of Dreams. Located in the northwest corner of Illinois, Dubuque, Iowa is only 20 minutes from the inn, and the Wisconsin state line is less than 10 miles. Chicago is 3 hours, Milwaukee is 3 hours, and Madison, WI is less than 2 hours. Cedar Rapids, IA is a mere 90 minutes away.

Galena is known throughout the Midwest as a destination location, and this Galena Illinois Bed and Breakfast for sale enjoys a favorable position and marketable location.

The B&B Team® / Inn Partners LLC is providing Consulting Services in concert with Choice Realty of Galena and is proud to present this Galena Illinois Bed and Breakfast for sale for $795,000.

FMI: eben@bbteam.com; 877-957-2360