412 Spring St Galena, IL 61036
Estimated payment $6,310/month
Highlights
- Wood Flooring
- Galena Primary School Rated A-
- Forced Air Heating and Cooling System
About This Home
Price REDUCED to $850,000! TURN KEY Galena INN "Abe's Spring Street guest House! This B&B is licensed for an Inn, included in the sale price, the Website & booking system, furnishing & some of the work of art by the seller! GREAT BUSINESS OPPORTUNITY RIGHT ON HIGHWAY 20! Property is zoned DOWNTOWN COMMERCIAL & Residential with unlimited possibilities! The Annex 412 Spring St. & The Abe's Guest House 414 Spring St are being sold as ONE PROPERTY, which makes up the INN". Boasting 6 deluxe suites, & a private Sauna Room! The Annex was designed as an artist complex studio, having small commercial kitchen, in floor heat, upper office 396 sq. ft, ample storage space & 3 guest units, retail & or manufacturing space totaling appx 7530 sq. ft. The Annex built in 2000 on the foundation of "THE CITY BREWERY" of the 1800's uncovering 2 rock vaulted rooms, once used for the first cooling of the beer kegs! Both of these very unique and historical properties are truly Galena's gems! 414 Spring St. Abe's Guest House total sq. ft 2712, which has 3 guest units, was the original Ice House where the beer barrels were cooled. Total Sq Ft total of 10,342(county tax sheets ) for both The Annex & Abe's Guest House. The seller, a renowned artist, potter & sculptor, his work can be seen in many original details in these two building! All six units could be utilized for long term rentals. Each units are separately metered for electricity. WiFi is available in all units The top unit of "Abe's Guest House" has recently been remodeled and is actually a small two bedroom Apartment. Both buildings could be converted into private residential homes.Walking distance to downtown Galena with it's many shops and restaurants. This is a piece of Galena's history & unlimited possibilities for your own business! Call Ginger at 815-238-2939 for your private tour and see the hidden gems!
Property Details
Property Type
- Other
Est. Annual Taxes
- $20,941
Year Built
- Built in 2000
Lot Details
- 19,602 Sq Ft Lot
- Property is zoned Downtown Commercial-Resid
Parking
- Parking Available
Home Design
- Mixed Use
- Brick Exterior Construction
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
- Rubber Roof
- Stone Exterior Construction
- Cement Board or Planked
Interior Spaces
- 10,342 Sq Ft Home
- Basement Cellar
Flooring
- Wood
- Carpet
- Concrete
- Tile
Utilities
- Forced Air Heating and Cooling System
- Electric 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 | $12,653 | $177,288 | $11,999 | $165,289 |
| 2024 | $13,671 | $177,288 | $11,999 | $165,289 |
| 2023 | $11,734 | $148,997 | $4,468 | $144,529 |
| 2022 | $11,734 | $148,997 | $4,468 | $144,529 |
| 2021 | $11,777 | $137,261 | $4,116 | $133,145 |
| 2020 | $12,123 | $137,261 | $4,116 | $133,145 |
| 2019 | $11,912 | $135,745 | $2,600 | $133,145 |
| 2018 | $11,770 | $137,371 | $4,226 | $133,145 |
| 2017 | $11,565 | $137,371 | $4,226 | $133,145 |
| 2016 | $11,315 | $137,371 | $4,226 | $133,145 |
| 2015 | $11,377 | $137,358 | $4,226 | $133,132 |
| 2014 | $10,843 | $137,358 | $4,226 | $133,132 |
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 |
|---|---|---|---|---|
| 07/02/2026 07/02/26 | For Sale | $850,000 | 0.0% | $82 / Sq Ft |
| 05/04/2026 05/04/26 | Pending | -- | -- | -- |
| 07/16/2025 07/16/25 | For Sale | $850,000 | 0.0% | $82 / Sq Ft |
| 07/16/2025 07/16/25 | Price Changed | $850,000 | -5.0% | $82 / Sq Ft |
| 07/16/2025 07/16/25 | Off Market | $895,000 | -- | -- |
| 03/17/2025 03/17/25 | Price Changed | $895,000 | -5.8% | $87 / Sq Ft |
| 07/09/2024 07/09/24 | Price Changed | $950,000 | -29.6% | $92 / Sq Ft |
| 12/20/2022 12/20/22 | Price Changed | $1,350,000 | +12.5% | $131 / Sq Ft |
| 12/17/2021 12/17/21 | Price Changed | $1,200,000 | -99.0% | $116 / Sq Ft |
| 12/17/2021 12/17/21 | Price Changed | $120,000,000 | +9900.0% | $11,603 / Sq Ft |
| 01/15/2021 01/15/21 | For Sale | $1,200,000 | -- | $116 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 201773
APN: 22-100-687-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.