403 S Main St Galena, IL 61036

857 square feet of prime downtown commercial space located on Galena's Main Street. Includes roughly 10 marked parking spaces, a rare find on Main St. The lot size is 0.46 acres (approx 20,038 sq.ft.). Built in 1979, would be ideal retail or office space. There is a special warranty deed restriction that the property cannot be used as a bank or anything similar to a bank for 20 years after December 30, 2022. The parking lot is currently being used as paid parking by the city. Parking signage will be removed before closing. Parcel exempt from property taxes. Non-exempt taxes would have been $8,490.02 for year 2022. ALL OFFERS SUBJECT TO CITY OF GALENA APPROVAL. ALL OFFERS WILL BE EVALUATED DURING A CLOSED SESSION OF THE CITY COUNCIL AT THE SUBSEQUENT MEETING FOLLOWING THEIR RECEIPT. THE COUNCIL MEETS THE 2ND AND 4TH MONDAY OF EACH MONTH. MEETING DATES THAT FALL ON LEGAL HOLIDAYS ARE MOVED TO THE NEXT DAY.