414 Spring St Galena, IL 61036
Estimated payment $2,571/month
Highlights
- Forced Air Heating and Cooling System
- Galena Primary School Rated A-
- Carpet
About This Home
A super business opportunity right on Spring Street/ Highway 20 and a short walk to downtown Galena with its many Shops and restaurants. Located on the site of one of Galena's many Breweries, The City Brewery, the building was built to cool the beer kegs by placing blocks of ice on the upper floor, and the cool air would pass down the double walls, cooling the kegs. Currently operating with The Annex under an INN license. The Guest House has two suites, Rudolph's Retreat and Albert's Glen. Each featuring some of the owner's ( Charles Fach, a renowned artist) own personal work. Albert's Glen features a full kitchen and a one-of-a-kind bath! Also, there is a recently remodeled apartment on the upper floor. Two bedrooms, a brand new bath, refurbished wood floors, and a kitchen. A finished enclosed entrance porch with plenty of windows welcomes you home. Also, an outside sitting area. If purchased separately from The Annex, it will carry a B&B license. The property could also be converted to a single-family home or another business since it is zoned downtown commercial. A great opportunity to have a piece of Galena's colorful history. Can be purchased with The Annex, see listing #201773.
Property Details
Property Type
- Other
Est. Annual Taxes
- $7,270
Year Built
- Built in 1850
Lot Details
- 6,534 Sq Ft Lot
Parking
- Parking Available
Home Design
- Brick Exterior Construction
- Fire Rated Drywall
- Frame Construction
- Shingle Roof
- Shingle Siding
- Stone Exterior Construction
Interior Spaces
- 2,712 Sq Ft Home
- Unfinished Basement
- Basement Cellar
Flooring
- Carpet
- 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
| 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 | $7,270 | $94,279 | $5,999 | $88,280 |
| 2023 | $6,155 | $78,157 | $2,269 | $75,888 |
| 2022 | $6,155 | $78,157 | $2,269 | $75,888 |
| 2021 | $6,178 | $72,001 | $2,090 | $69,911 |
| 2020 | $6,359 | $72,001 | $2,090 | $69,911 |
| 2019 | $6,251 | $71,238 | $1,320 | $69,918 |
| 2018 | $6,212 | $72,500 | $2,582 | $69,918 |
| 2017 | $6,104 | $72,500 | $2,582 | $69,918 |
| 2016 | $5,972 | $72,500 | $2,582 | $69,918 |
| 2015 | $5,975 | $72,140 | $2,582 | $69,558 |
| 2014 | $5,695 | $72,140 | $2,582 | $69,558 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | For Sale | $375,000 | -- | $138 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202506680
APN: 22-100-687-10
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