Restoration Opportunity: Historic Ryan Mansion Inn
An investor change of plans presents an amazing opportunity to acquire the historic and Landmarked “Ryan Mansion”, a Licensed Small Inn in Galena.
Built in 1876 (Italianate style, according to historic sources) and spanning 7,449 sq ft on 1.59 acres, this furnished property (with exclusions) is priced for an As-Is sale to allow a new owner to finish the restoration.
The mansion features 10 bedrooms and 9 bathrooms (currently being remodeled/gutted). It is rich in historic details: marble fireplaces in most rooms, built-in library bookcases, a bell service system, and a custom Ruby Red Czechoslovakian Door said to align with the Solstices.
Recent major improvements (2019–2022) include updated water heaters, a new well pump, and recent roof work on the mansion, garage, and gazebo. The 3rd-level Ballroom has new HVAC, spray insulation, and plaster, making it a viable wedding venue opportunity.
The property includes a detached 3-car garage and a separate, income-potential 1-room cottage with a full bath, fireplace, and deck (new HVAC in 2022).
With existing materials included in the sale, this is an ideal chance to finish a high-quality remodel and launch a thriving historic inn/venue business in one of Illinois’s premier tourist towns.
Investment Snapshot
Price: $575,000 ⬇️ (Recent Price Cut)
Location: 11373 W Us Highway 20, Galena, IL 61036 📍
Beds/Baths (Total): 10 🛏️ / 9 🛁
Square Footage: 7,449 sq ft 🏰
Year Built: 1876 🕰️
Lot Size: 1.59 Acres 🌳
Status: Licensed Small Inn; Remodel In Progress (As-Is Sale) 🚧
From Zillow
