SOLD! Galena, IL Bed & Breakfast
Galena, IL
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Just reduced by 200K! Available at an attractive Gross Revenue Multiplier(GRM)! This historic 1800’s Inn is meticulously maintained and has 7300 square feet of Inn space. Each guest room has a private bath, blu-ray disk player, flat screen and there are many working fireplaces throughout. The property is central to everything in town and it has a long history of being a focal point in the community. The asking price of this ‘Turn-Key’ operation includes liquor license, real estate, furnishings and equipment. Owners will train, are retiring and will happily "Inn-Sit".
The property has an outstanding reputation, is Award-Winning and is ranked among the top Inns in Northwest Illinois which has numerous repeat guests. Room Revenue has increased each year since 2001 and has occupancy rates over 56%. The property has a large main guest house & separate cottage. Innkeepers quarters located within main guest house. Location has parking in public lot across the street. The opportunities are limitless!!
Change your lifestyle and make an investment in your future. A profitable Bed & Breakfast with low operating expenses in Historic Galena, Illinois can be yours. Galena sits along the Mississippi River, is a two and a half hour drive from Chicago and is the premier bed and breakfast community in the Midwest. Galena ranks 3rd among travel destinations in Illinois – behind only Chicago and the state capitol, Springfield. The county welcomes 1.2 million visitors each year. There are 14 million residents within a 500 mile radius of Galena. TripAdvisor named Galena, IL as a top 10 charming small town in America!
Property Details- 9 Guest Rooms
- 9 Guest Room Baths
- Has Owner's Quarters
- Built in 1800
- Last Renovated in 2009
- Opened in 2001
- Building is 7,364 SQFT
- Lot is 1 Acres
- Photo Gallery
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