$975,000
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900 Third Street Galena, IL 61036
Single Family
Residence
6
Beds
6.5
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
*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 maintenan...ce 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 Each guest room has also been updated to reflect the home's history instead of outdated decor, prioritizing sustainability and preservation.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.
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MLS#
202302443
Property Type
Single Family
Bedrooms
6
Bathrooms
6 Full/1 Half
Price per Sq. Ft.
$257.66
Lot Size
0.43
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