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10,972 sqft

$795,000

515 Main Street, GALENA IL, 61036

Price per sqft$72.46
Built in1940
Property size10,972 sqft
Property typeCommercial

Overview

Active

Active And Available

Listed Jul 23, 2026

Updated 3 weeks ago

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.

Other Property Details

Taxes
$16,104
Tax Frequency
Annually
MLS provider logo

Listing Contact: 608-630-4215 

Based on information from NorthWest Illinois Alliance of REALTORS® as of 9/22/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2026 NorthWest Illinois Alliance of REALTORS®. All rights reserved.

Data last updated 3:39 AM UTC, 9/22/2026

 

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