$365,000

322 N Main St Galena, IL 61036

Estimated payment $2,618/month

Total Views 1,354
-- Bed
-- Bath
2,600 Sq Ft
$140 Price per Sq Ft

Highlights

  • Commercial or Retail Space
  • Forced Air Heating and Cooling System
  • Carpet
  • Galena Primary School Rated A-

About This Home

Prime Downtown Galena Commercial Opportunity – Dual Street Frontage & Flexible Use! Welcome to 322 N Main Street, a rare chance to own an iconic piece of Galena’s thriving downtown district. Perfectly positioned with frontage on both Main Street and Bench Street, this solid two-story brick building offers exceptional visibility and versatile potential. The main level stretches the entire length of the building and is currently set up for retail or office use, with entrances on both Main and Bench for maximum convenience and foot traffic. Main level is available for immediate owner occupancy. Upstairs, you’ll find two separate office suites, each with private entrances—one from Main Street, the other from Bench Street. The Bench Street suite even includes a covered porch, adding charm and character. Both upper units are currently leased, offering immediate rental income for investors or future flexibility for owner-users. Additional perks include two off-street parking spaces on Bench Street, right across from the Jo Daviess County Courthouse—an ideal location for professional services, boutique retail, reiki / energy healing studio, board game cafe or retro arcade... or so much more! Whether you're an investor, entrepreneur, or business owner, this property is a rare find in a highly desirable location with endless possibilities.

Listing Agent

Christopher Watson

DC Rise Real Estate License #475214689 Listed on: 08/22/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,073

Year Built

  • Built in 1800

Lot Details

  • 2,178 Sq Ft Lot
  • Property is zoned DC

Home Design

  • Commercial or Retail Space
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Rubber Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • Carpet
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater

Property Details

Property Type

Other

Est. Annual Taxes

$8,073

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Electric: Circuit Breaker, 200 amp
  • Class: COMMERCIAL/INDUSTRIAL
  • Exemptions: None
  • Type: Commercial
  • Hold Earnest Money Y N: No
  • Designated Managing Broker Y N: No
  • L O1 Brokerage Number: 481014071
  • Key Y N: Yes
  • Listing Property Status: Fair Market
  • Number Doors: 4
  • Assessor Parcel Number: 432210038900
  • Sprinkler Yn: No
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Walls: Drywall
  • Insulation: Yes
  • Office Sq Ft: 2600
  • Basement: Full
  • Price Per Sq Ft: 140.38
  • Total Finished Sq Ft: 2600
  • Flooring: Carpet

Exterior Features

  • Exterior: Brick
  • Roof: Rubber

Garage/Parking

  • Parking: 2 spots Bench St. side

Utilities

  • Sewer: City
  • Water: City
  • Water Heater: Electric
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Schools

  • School District: Galena

Lot Info

  • Number Of Acres: 0.05

Building Info

  • Year Built: 1800

Rental Info

  • Tenant: Yes

Tax Info

  • Year: 2024
  • Taxes: 8073

Multi Family

  • Lease: No

MLS Schools

  • School District: Galena

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $8,073 $104,693 $12,265 $92,428
2023 $8,340 $104,329 $12,482 $91,847
2022 $8,340 $104,329 $12,482 $91,847
2021 $8,246 $96,112 $11,499 $84,613
2020 $8,489 $96,112 $11,499 $84,613
2019 $8,433 $96,101 $11,500 $84,601
2018 $8,234 $96,101 $11,500 $84,601
2017 $8,090 $96,101 $11,500 $84,601
2016 $7,916 $96,101 $11,500 $84,601
2015 $7,220 $87,172 $6,602 $80,570
2014 $6,881 $87,172 $6,602 $80,570
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 For Sale $365,000 -- $140 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 Hb Wilkinson Title Co
Deed $130,000 Wilkinson Title Co
Grant Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $320,000 Construction
Previous Owner $185,000 Construction
Source: Public Records

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202505116

NorthWest Illinois Alliance of REALTORS®

APN: 22-100-389-00