See Home Value
Galena 61036
125 S Prospect
$752,221*
Commercial - Off Market

125 S Prospect

Galena, IL 61036
bedrooms
Studio
bathrooms
0 Bath
square feet
9404 Sqft
$578,000 - $706,000
Reference Base Price*
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

This is an incredible opportunity to own one of the premier properties on "Quality Hill" in stunning Galena, IL. This gorgeous property (which is currently being operated as a successful Bed and Breakfast) was built in 1850 by Lucius Felt. Perched high above Main Street overlooking the Galena River valley, the Felt Manor offers a mixture of luxurious finishes, dramatic spaces, and incredible history combined with breathtaking panoramas of downtown Galena, Grant Park, General Grant's home, and stunning vistas of the rolling countryside of Jo Daviess County. The property has operated as the Felt Manor Guest House since 1981, and is licensed as a small inn allowing up to 8 guest rooms. The stately brick home features high ceilings, spacious bedrooms with private baths and original marble sinks, and gorgeous woodwork throughout. Let's not forget about the beautiful pocket doors and seven marble surround fireplaces (four currently operational). On the main floor you'll find four large parlors with one serving as the inn's dining room, another as the main living area, and a third currently being used as a library with built-in bookcases and bay window and the last one as an inviting sitting room with additional bay. Head upstairs to the 2nd floor to find 5 bedrooms, 4 well-appointed bathrooms, a large walk-in linen closet for storage. There are 2 staircases leading to the 2nd floor. On the third floor you'll find two additional bedrooms with 10 foot ceilings, original indoor shutters, and a magnificent great room that was originally used as the ballroom of the house. You'll also be blown away by the amazing covered front porch with astounding views or head out back to the quiet rear porch(recently updated) and courtyard. The lower level walks out on two sides and has a cozy family room, four utility rooms with newer boiler,laundry and storage, and a bedroom which is currently being used for the inn-keepers quarters. The recently remodeled carriage house is a work of art in itself. Originally built in 1850, the carriage house has been turned into guest quarters that will make your jaw drop. The meticulous renovation and restoration used original and quality reclaimed materials making sure to showcase its historic features with rustic elegance. Main floor offers restored arched carriage house door entrance, restored windows, two stairways, great room style living area with cathedral ceilings,wide plank pine floors, free-standing gas-fired stove/heater and access to large rear cedar deck. You'll enjoy a top of the line kitchen with gorgeous cabinetry and Jenn-air range. Upper level features two large suites, each with private baths, and access to unique adjoining spa-tub room with whirlpool. The Lower level houses an additional suite with in-floor radiant heat, and opens to patio area. Additional upgrades include laundry room, restored cupola, stones cape using large reclaimed stone, new electric, HVAC, and plumbing throughout. A paved parking has been expanded to accommodate up to ten vehicles so you'll have plenty of room for your guests if you continue to operate as a Bed and Breakfast. Come experience and embrace the quality, and historic preservation the Felt Manor showcases. Square footage is approximate and includes 500 +/- sq. ft. in lower level of main house and 2400+/-square feet for carriage house. Call today to line up a personal showing of this one of a kind property. Taxes based on OOE exemption.

The manager has listed the unit size as 9404 square feet.
Unit Size
9,404Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$68
Property Type
Commercial
Property Taxes
$18,578
HOA Dues
-
Year Built
1848

Price History

Date / Event Date Event Price
Aug 3, 2021 Sold to Lisa S Kerpan, Patrick J Ke... $603,000
Sold to Lisa S Kerpan, Patrick J Ke...
May 15, 2021 Relisted $642,900
Relisted
May 1, 2020 No longer available -
No longer available
Apr 8, 2020 Price Decreased $674,000
↓ $51K (7%)
Price Decreased
Mar 9, 2020 Listed $725,000
Listed

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200309
03/09/2020
Loft
-
9404 ft²
$725,000
bedrooms
Loft
bathrooms
-
square feet
9404 ft²
-
-
-
GARRETT HILLARY
KELLER WILLIAMS REALTY SIGNATURE
20180917
09/17/2018
10 Bed
9 Bath
9651 ft²
-
bedrooms
10 Bed
bathrooms
9 Bath
square feet
9651 ft²
-
-
-
-
20170708
07/08/2017
10 Bed
9 Bath
8961 ft²
-
bedrooms
10 Bed
bathrooms
9 Bath
square feet
8961 ft²
-
-
-
-

Building Info

125 South Prospect Street 125 South Prospect Street, Galena, IL 61036
More about this Building
125 South Prospect Street
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About Galena


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Nearby Rentals

Unit for rent at 995 Galena Square, Galena, IL, 61036

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  • Studio
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995 Galena Square, Galena, IL, 61036 Listing by Tri State Commercial Group .


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