606 S Prospect St - Hospitality FOR SALE


Galena, IL 61036
$529,900 USD
815-777-6500
606 S Prospect St, Galena, IL for Sale
$529,900 USD
Hospitality - FOR SALE
1/55
null | Request Cap Rate

606 S Prospect St
Galena, IL 61036


HIGHLIGHTS

  • High visibility location close to Main Street, Galena
  • Nicely appointed guest rooms with private bathrooms
  • Outdoor deck and Gazebo with Galena City Views

OVERVIEW

Don't miss your opportunity to own the Avery Guest House, a stately two story featuring 6 bedrooms and 6.5 baths that is currently operated as a bed and breakfast but also available as a partially furnished single family residence, offering a combination of the character and elegance of yesteryear with modern updates and convenience of today all in an unbeatable location just a couple blocks from Historic Main Street, Galena with excellent visibility from U.S. 20. Revel in the spaciousness and charm of well-kept property, featuring six generously sized bedrooms, each with its own nicely appointed private bath, high ceilings and gorgeous woodwork, two staircases including dramatic main stair and secondary rear stair, a separate office/den, ample laundry facilities, large kitchen with butler's pantry and charming built-ins, heated two car garage space for vehicles or storage, and an expansive rear covered porch and gazebo overlooking serene gardens and offering gorgeous Galena city views. Currently, two of the bedrooms serve as living quarters for the innkeepers, complete with a separate entrance, two bedrooms, two and a half bathrooms, a generously sized kitchen, living area that could be converted back to original formal dining room, and access to laundry facilities. Property carries a Small Inn license, and much of the furniture and personal property are included as part of business to allow an easy transition. Also available as a partially furnished single family residence and would make a great home with plenty of room, tons of history, and an abundance of comfort. Truly an incredible property with lots of potential and flexibility in a location positioned in the heart of Galena!

FOR SALE DETAILS

PRICE

$529,900 USD

PRICE/SF

$153 USD /SF

# OF ROOMS

4

PRICE/ROOM

$132,475 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avery Guest House

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1848

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

Neighborhood Commercial

APN/PARCEL ID

22-100-262-00

ASK ABOUT THIS PROPERTY

Damon HeimColdwell Banker Network RealtyMore Info
815-777-6500

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Damon HeimColdwell Banker Network RealtyMore Info
815-777-6500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.