$940,000
SOLD MAR 21, 2025

223 S Main St Galena, IL 61036

-- Bed
-- Bath
7,980 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$118 Per Sq Ft

5% Below List Price

45 Days on Market

Highlights

  • Wood Flooring
  • Galena Primary School Rated A-
  • 5-minute walk to Grant Park

About This Home

As of March 2025

Own a piece of Galena’s vibrant Main Street and seize a rare investment opportunity! This nearly 8,000-square-foot property is perfectly situated across from the historic DeSoto House Hotel, offering unparalleled visibility and charm. The Main Street storefront, spanning approximately 1,600 square feet, features ample retail space and convenient storage for the shop owner. Above the storefront, the second level includes a spacious apartment and a large dedicated storage area—perfect for keeping tools and supplies for on-site maintenance. The third level boasts two generously sized long-term rental apartments, ideal for steady income. Levels four and five are home to four beautifully appointed Airbnbs (two on each level), all with a proven track record of excellent rental history. Best of all, the purchase includes all furnishings for the Airbnbs, making them turn-key ready for your next guests. This unique property extends from Main Street to Bench Street, combining historic character, modern income potential, and an unbeatable location in the heart of Galena's bustling tourism district. Don’t miss your chance to invest in one of Galena’s most sought-after addresses! Pre-approval letter or Cash proof of Funds must be supplied in order to schedule a showing.

Last Agent to Sell the Property

Garrett Hillary

KELLER WILLIAMS REALTY SIGNATURE License #475166902 Listed on: 12/19/2024

KELLER WILLIAMS REALTY SIGNATURE

Last Buyer's Agent

Angela Stodden

KELLER WILLIAMS REALTY SIGNATURE License #471003889

KELLER WILLIAMS REALTY SIGNATURE

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $13,545

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Sprinkler System

Home Design

  • 7,980 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction
  • Slab Foundation
  • Plaster Walls
  • Fire Rated Drywall
  • Rubber Roof

Flooring

  • Wood
  • Carpet
  • Laminate
  • Concrete
  • Tile

Utilities

  • Window Unit Cooling System
  • Natural Gas Water Heater

Property Details

Property Type

Other

Est. Annual Taxes

$13,545

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Class: COMMERCIAL/INDUSTRIAL
  • Exemptions: None
  • Type: Mixed Use
  • Agent Only_ L A1 User Code: F_7837
  • Hold Earnest Money Y N: Yes
  • Additional Owner Info: Sarah Sandlers
  • Designated Managing Broker Y N: No
  • Key Y N: No
  • Number Doors: 3
  • Assessor Parcel Number: 2210004000
  • Sprinkler Yn: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Walls: Drywall, Other, Plaster
  • Insulation: Unknown
  • Basement: Slab
  • Total Finished Sq Ft: 7980
  • Flooring: Laminate, Wood, Carpet, Tile, Concrete

Exterior Features

  • Exterior: Brick
  • Roof: Rubber

Utilities

  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas
  • Air Conditioner: Window
  • Heat: Gas Hot Water

Lot Info

  • Number Of Acres: 0.04

Building Info

  • Year Built: 1900

Rental Info

  • Tenant: Y

Tax Info

  • Year: 2023
  • Taxes: 13545

Multi Family

  • Lease: No

MLS Schools

  • School District: Galena

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2024
Closed on
Mar 21, 2025
Sold by
Carlton Properties Llc
Bought by
Worsham Mark
Seller's Agent
Garrett Hillary
KELLER WILLIAMS REALTY SIGNATURE
Buyer's Agent
Angela Stodden
KELLER WILLIAMS REALTY SIGNATURE
List Price
$990,000
Sold Price
$940,000
Premium/Discount to List
-$50,000
-5.05%
Current Estimated Value
$970,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,200
Original Mortgage
$950,000
Outstanding Balance
$856,446
Interest Rate
0.68%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 21, 2016
Sold by
Kenna John E and Kenna Andrea K
Bought by
Carlton Properties Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $850,000 Wilkinson Title Co
Grant Deed $450,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $950,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2025 03/21/25 Sold $940,000 -5.1% $118 / Sq Ft
02/02/2025 02/02/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $990,000 0.0% $124 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
12/19/2024 12/19/24 For Sale $990,000 -- $124 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History

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
2024 $13,033 $169,009 $9,967 $159,042
2023 $13,445 $168,194 $10,143 $158,051
2022 $13,445 $168,194 $10,143 $158,051
2021 $13,294 $154,946 $9,344 $145,602
2020 $13,685 $154,946 $9,344 $145,602
2019 $15,639 $178,214 $5,638 $172,576
2018 $15,269 $178,214 $5,638 $172,576
2017 $15,003 $178,214 $5,638 $172,576
2016 $14,679 $178,214 $5,638 $172,576
2015 $15,157 $183,006 $5,365 $177,641
2014 $14,446 $183,006 $5,365 $177,641
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202407000

NorthWest Illinois Alliance of REALTORS®

APN: 22-100-040-00