Galena Specialty for Sale
1004 Park Avenue presents a rare opportunity to acquire a historic brick estate in one of Illinois' most recognized tourism destinations. Originally constructed circa 1846 and once home to a Galena mayor, the property combines preserved architectural character with extensive modern upgrades and multiple revenue-generating possibilities. Positioned along the Galena River and within walking distance of downtown Galena's restaurants, boutiques, galleries, and visitor attractions, the property benefits from year-round tourism activity and strong appeal to both leisure travelers and private homeowners.
The residence features an expansive eleven-room layout highlighted by original woodwork, soaring ceilings, hand-carved marble fireplace surrounds, twin first-floor parlors with original Greek columns, a formal dining room, media room, and multiple ensuite bedrooms. Renovations have modernized the property while maintaining its historic integrity, including updated kitchens with granite countertops, remodeled bathrooms, central air conditioning, upgraded electrical service, refinished wood flooring, and EV charging capability.
Additional accommodations include a separate three-room suite with full kitchen and bath as well as two fireplace studio suites, creating flexibility for multigenerational living, guest lodging, executive retreats, or hospitality operations. A solar energy system with battery backup and utility net-metering enhances operational efficiency.
The property is currently operated as a hospitality asset and reportedly generates approximately $70,000 annually in Airbnb and VRBO income. A transferable City of Galena Small Inn License further supports continued lodging use. The combination of historic significance, established income, modern infrastructure, and a walkable location overlooking the Galena River creates a distinctive investment and lifestyle opportunity in one of the Midwest's premier historic communities.
