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Property Description
PROOF OF QUALIFICATION REQUIRED BEFORE SHOWING. Acreage and square footage from County records. Year built from owner. Earnest money to be held TBD. Step into a rare piece of American history with Farmers Guest House, a luxurious, fully operational, and nationally recognized bed & breakfast ideally located on Spring Street just moments from Main Street downtown Galena. Originally established in 1867 and believed to be the longest continuously operating inn in Galena, this exceptional property offers a unique opportunity to own a historically successful business, as well as a true legacy asset. Set in one of the Midwest's most established tourism markets, Farmers Guest House benefits from Galena's consistent year-round visitor demand, strong brand recognition, and repeat clientele. The inn has earned national attention through multiple "Best Of" and "Top 10" rankings among premier U.S. bed & breakfasts, reinforcing its premium positioning and reputation for exceptional guest experiences. The property features 9 guest accommodations, each with a private en-suite bathroom and individually controlled HVAC. The nine accommodations include three suites, each with a king bed, jacuzzi, and fireplace; plus three king-bed guest rooms; and three queen-bed guest rooms. These three rooming categories create three different price points for guests. Also, one of the three suites is a separate private cottage situated in the inn's spacious rear garden, offering a ground-floor living area with a half bath, a fireplace, and a jacuzzi, as well as an upper-level bedroom with a full bath. The cottage is ideal for premium stays or extended visits. Guests enjoy a variety of thoughtfully designed common spaces at the inn, including a comfortable lounge for relaxation, reading, or socializing; a spacious dining room; and private outdoor patios and gardens, which enhance the guest experience year-round. Additional amenities include an on-site massage studio that supports both individual and couples massages; two laundries, one on each of the inn's two floors; and ample linen storage, supporting efficiency and elevated service. The owner's suite--complete with a private bedroom, bathroom, and living area--allows for seamless on-site management or live-in ownership. Located in the Galena National Historic District, this is one of the few lodging properties that operates in its original capacity, offering historic significance, operational continuity, and long-term value. This offering represents a rare combination of turnkey hospitality business, lifestyle investment, and income-producing real estate, with operational continuity and upside through revenue optimization and expanded marketing strategies.
Full Property Details
Full Property Details for 334 Spring St
General
- Price: $1,250,000
- Taxes: $29,277 (2024)
- Status: Active
- Type: Single Family
- Source: 2606
- MLS ID: 202601549
- Updated: 3/21/2026
- Added to Site: 7 day(s) ago
Interior
- Interior Features: Book Cases Built In, Ceiling Fan(s), Whirlpool Tub, Window Treatments
- Fireplace: Yes
- Number of Fireplaces: 3
- Fireplace(s): Electric
- Appliances: Dishwasher, Dryer, Refrigerator, Stove/Cooktop, Washer
Rooms
Bathrooms
- Total Bathrooms: 11
- Full Bathrooms: 10
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 10
Parking
- Garage Description: None
Location
- Area: Jo Daviess County
- County: Jo Daviess
- Township: West Galena Township
- Subdivision: IL
School Information
- School District: Galena
- Elementary School: Galena
- Middle School: Galena
- High School: Galena
Heating & Cooling
- Cooling Type: Central Air, None, Wall Unit
- Water Heater: Electric
Utilities
- Sewer: City/Community
- Water: City/Community
Structural Information
- Architectural Style: Bed & Breakfest
- Exterior Const.: Brick/Stone, Siding
- Roof: Rubber, Shingle
- Square Feet: 7,364
- Year Built: 1867
Lot Features
- Frontage: US Highway
Water Features
- Water Front Desc.: City/Community
Financial Considerations
- Price Per Sq. Ft.: $169.74
- For Sale/Rent/Lease: For Sale
- Tax Amount: $29,277
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: ORIGINAL LOTS BLOCK 11 LOT 6 & PT LOT 5 (from the tax bill)
- Flood plain: Yes
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Schools
Schools serving 334 Spring St
School District:Galena Unit School District 120
| Name | Grades | Distance |
|---|---|---|
Galena Primary School 219 Kelly Lane, Galena, IL 61036 | PK-4 | 1 mi |
Galena Middle School 1230 Franklin Street, Galena, IL 61036 | 5-8 | 1.2 mi |
Galena High School 1206 Franklin Street, Galena, IL 61036 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 334 Spring St
Date
Details
Price
Change
Source
3/21/2026
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 334 Spring St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$29,277
35%
$379,673
38%
2023
$21,731
—
$275,934
19%
2022
$21,731
18%
$232,836
9%
2021
$18,404
—
$214,497
8%
2021
$18,404
5%
$199,143
4%
2020
$17,588
4%
$192,135
-3%
2019
$16,861
—
$197,690
3%
2018
$16,938
4%
$192,755
—
2017
$16,227
2%
$192,755
1%
2016
$15,877
—
$190,849
—
2015
$15,807
—
$190,849
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 334 Spring St
334 Spring Street, Galena, IL 61036 (MLS# 202601549) is a Single Family property with 10 bedrooms, 10 full bathrooms and 1 partial bathroom. 334 Spring Street is currently listed for $1,250,000 and was received on March 21, 2026. Want to learn more about 334 Spring Street? Do you have questions about finding other Single Family real estate for sale in Galena? You can browse all Galena real estate or contact a Coldwell Banker agent to request more information.
