Abe's Spring Street Inn / Bed and Breakfast


Galena, IL   Offered for sale at $1,200,000
 

The original Ice House (Abe's Spring Street Inn/Bed and Breakfast) has two guest suites, RUDOLPH'S RETREAT AND ALBERT'S GLEN which were designed and furnished with pottery and art by renown Galena artist, and owner Charles Fach. Each suite is unique with hand-crafted furnishings and artisan-made tiles and other one-of-a-kind accents. The upper floor is an apartment/larger family suite that is in the remodeling stage. This property is zoned downtown commercial which gives the flexibility to run as a business or restore to a single-family home. The possibilities are unlimited! The property has been featured on the Tour of Homes in Galena, IL.

The Annex which is part of Abe's Spring Street Inn/Bed and Breakfast utilizes two suites, Oreo's Hide-A-Way and PJ's Roost. There is another unit, that could be utilize for additional income. The Annex was built in 2000 and it's foundation was built upon the original vaulted beer barrel storage areas of the 1850's Galena Brewery. The main level has in-floor heat, ample space and commercial kitchen for serving that gourmet breakfast , and with an additional 1600 square feet, also an upper office space of 369 square feet. Let your imagination run wild in Galena Country with this fabulous space! Own your own Brewery, Restaurant, or establish a WINE CLUB! Being zoned Downtown Commercial there is no limit to what can be! Two vaulted rooms that were once used to house kegs of beer during the fermentation process have been meticulously restored and one is where breakfast is served! The three suites that adorn the upper story, have their own central air, heat, solar-operated sky lights, and share a large separate sauna room. The two building are joined by a shared staircase, with Abe's Spring Street Inn/bed and Breakfast (The Ice House) located at 414 Spring Street and The Annex 412 Spring Street. This property has extreme Galena business potential with many possibilities and is a short walk to Main Street for shopping and dinning! Two historical and very interesting building for the price of one. Come visit GalenaCountry and Call or email for a private tour of this one of a kind income property!

NOTE, SQUARE FOOTAGE FOR THE ANNEX IS 7630 AND LOT IS .47 ACRE



Property Details
  • 5 Guest Rooms
  • 5 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1850
  • Last Renovated in 2005
  • Opened in 1983
  • Building is 2,712 SQFT
  • Lot is 0.29 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,200,000
  • Occupancy Rate: Seasonal 60% (can be more)
  • Average Daily Rate: 165.00+-
  • Annual revenue is $80,000
  • Terms: Negotiable
Contact Information