900 Third Street, Galena, IL 61036 $975,000

900 Third Street, Galena BD: 6 BA: 6.5 $975,000 Active

  • ResidentialProperty Home
  • Status: Active
  • 6 Bedrooms
  • 6 Full Bathrooms
  • 1 Half Bathrooms
  • Garage Size: 2.0
  • Square Feet: 2048
  • School District: Galena
  • High School: Galena
  • County: Jo Daviess
  • Property Tax Year: 2022
  • MLS#: 202302443
  • Listing Company: Eagle Ridge Realty
  • Price/SqFt: $476
  • Zip Code: 61036

900 Third Street, Galena, IL 61036 - *Top-rated, profitable, and recently renovated* Aldrich Guest House offers aspiring innkeepers a dream come true. This 5-room B&B boasts impressive financials, loyal guests, and a strong online presence, all primed for continued success. *Extensive renovations* Recent improvements mean low maintenance costs, including roof replacement (2023), all windows replaced (2023), full kitchen renovation and new appliances (2022), HVAC systems, tankless water heaters, and landscaping to name a few. The property has ductless heat pumps/mini splits for more efficient heating and cooling and personal control in the rooms. Each guest room has also been updated to reflect the home's history instead of outdated decor, prioritizing sustainability and preservation. *Financials are impressive* Revenue, rates, and occupancy consistently exceed the competition. This strong performance translates to immediate return on investment for new owners. Additionally, Aldrich Guest House boasts over 1000 five-star reviews and numerous awards, solidifying its position as a top hospitality property. *A fully updated website and active social media presence* Facebook, Instagram, and Pinterest provide a strong foundation for continued marketing success. New owners can easily adapt these platforms to their vision while inheriting a dedicated follower base. *Ideal Location* Situated in a charming neighborhood, the inn is within walking distance of Galena's vibrant downtown and a short drive from other attractions. Galena's proximity to major cities like Chicago and Milwaukee guarantees a steady stream of year-round visitors. *In summary* Aldrich Guest House is a turnkey opportunity. Recent updates minimize upkeep, strong financials ensure profitability, and established effective marketing positions the B&B for continued success. The next owners can seamlessly transition this beloved property into their own unique vision, building upon the legacy of hospitality excellence.

Main

  • Living Rm: 0.0 x 0.0
  • Kitchen: 0.0 x 0.0
  • Family Rm: 0.0 x 0.0
  • Dining Area: 0.0 x 0.0

Upper

  • Primary BR: 0.0 x 0.0
  • BR 2: 0.0 x 0.0
  • BR 3: 0.0 x 0.0
  • BR 4: 0.0 x 0.0

Lower

  • Rec Rm: 0.0 x 0.0
Additional Features
  • Appliances Included: Dishwasher, Dryer, Refrigerator, Stove/Cooktop, Wall Oven, Washer, Water Softener
  • Misc Interior: Book Cases Built In, Ceiling Fans/Remotes, Countertop-Granite, Window Treatments
  • Roof: Shingle
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
202302443 Active ActiveWO Jan 4 2024 9:08AM 681
202302443 ActiveWO Active Jan 3 2024 1:08PM 681
202302443 Active May 12 2023 2:08PM $975,000 681

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    Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
    All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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