205 S Main St Galena, IL 61036
Galena AreaEstimated payment $12,263/month
About This Home
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.
Property Details
Property Type
- Other
Est. Annual Taxes
- $18,283
Year Built
- Built in 1840
Lot Details
- Sprinkler System
- Property is zoned Commercial
Home Design
- Mixed Use
- Brick Exterior Construction
- Fire Rated Drywall
- Rubber Roof
Interior Spaces
- 7,423 Sq Ft Home
- Crawl Space
Flooring
- Tile
- Vinyl
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,283 | $256,174 | $19,411 | $236,763 |
| 2024 | $19,754 | $256,174 | $19,411 | $236,763 |
| 2023 | $20,169 | $256,097 | $19,754 | $236,343 |
| 2022 | $20,169 | $256,097 | $19,754 | $236,343 |
| 2021 | $20,242 | $235,925 | $18,198 | $217,727 |
| 2020 | $20,837 | $235,925 | $18,198 | $217,727 |
| 2019 | $20,696 | $235,845 | $18,200 | $217,645 |
| 2018 | $15,001 | $175,081 | $18,200 | $156,881 |
| 2017 | $14,739 | $175,081 | $18,200 | $156,881 |
| 2016 | $14,421 | $175,081 | $18,200 | $156,881 |
| 2015 | $12,120 | $146,339 | $10,448 | $135,891 |
| 2014 | $11,552 | $146,339 | $10,448 | $135,891 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/20/2026 07/20/26 | For Sale | $1,950,000 | -- | $263 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202604453
APN: 22-100-048-00
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