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$ 800,000
Est. payment /mo
New
515 Main Street Galena, IL 61036
10,972 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,972 sqft
Price per Sqft $72
MLS Listing ID 202604533
Annual Tax Amount $16,104
Tax Year 2025
Lot Size 6,969 Sqft
Property Sub-Type Commercial
Property Description
Introducing 515 and 517 Main Street—an extraordinary opportunity located just beyond Galena's historic flood gates. Rich with character and history, these connected buildings are ready for a visionary buyer to bring new life to one of Galena's most unique properties. The main level of 515 Main Street offers expansive retail space, while the second level is currently arranged as a restaurant. At the heart of the building is a breathtaking staircase that looks as though it came straight from a dream, beautifully connecting each level and adding unforgettable architectural character throughout the property. A second staircase provides convenient employee and service access between the floors. Continue upward to discover a spacious banquet hall on the third floor, followed by a large commercial-style kitchen on the fourth floor—a cook's dream with plenty of room to create something truly special. The upper loft also provides additional residential space. Connected from the interior main level, 517 Main Street expands the available retail footprint and offers even more possibilities. The upper level features a two-bedroom apartment, creating an opportunity for owner occupancy, employee housing, long-term rental income, or another potential use. Outside, enjoy a beautiful courtyard located to the south of 517 Main Street, along with a deck at the rear of the building—perfect for outdoor dining, entertaining, or relaxing. With retail, restaurant, event, residential, and outdoor spaces all wrapped into one remarkable property, the possibilities are nearly endless. These buildings have been patiently waiting for someone with the creativity and ambition to restore them to their full potential and make their next chapter a reality.
Location
State IL
Schools
School District Galena
Listed by DC Rise Real Estate