Rare opportunity to acquire a fully operational, income-producing commercial property with additional buildable land and ample parking-offering immediate cash flow and long-term upside. Unlock the potential of this versatile commercial property, currently operating as Greenbriar Suites, offering multiple income and redevelopment opportunities in one prime package. Zoned commercial and situated on 0.46 acres (including two additional buildable lots), this property is ideal for continued use as a bed & breakfast, or conversion to professional offices, boutique retail, or other business ventures. The property includes four private guest suites, each with its own exterior entrance, full bath, gas fireplace, and furnishings (included if desired)-well-suited for short-term rentals or easily adapted for individual office or retail use. Operational features include zoned heating, two 50-gallon gas water heaters, and a large laundry room, all of which support efficient day-to-day operations. Guests and clients will appreciate 10 dedicated parking spaces, along with a charming rear deck/patio that enhances the overall experience. The building is currently configured in conjunction with the owner's residence to meet inn requirements. While the residence is not included in this listing, it may be purchased separately by the buyer of the suites, creating a unique opportunity for a live/work setup or expanded hospitality use. With flexible zoning, strong infrastructure, ample parking, and additional buildable land, this property presents a rare chance to own, operate, or reimagine a business in a high-demand setting.
Listed By
Agency Name: DC Rise Real Estate
Shown By
Agent Name: Kelsey Fagan
Agent Phone: (815) 601-5588
Agency Title: Dickerson & Nieman Realtors
Estimated Payment
$ 1,759.22 per month $932.51 Principal & Interest $704.50 Property Tax $122.21 Homeowner's Insurance
341 Spring Street | MLS# 202602119
This single family home located at 341 Spring Street, Galena, IL 61036 is currently listed for sale with an asking price of $419,000. This property has 4 bedrooms and 4 full baths with 2096 sq. ft. Spring Street is located within the Galena school district. Search Galena real estate on kelseyfagan.dickersonnieman.com today.