Listing provided courtesy of DC Rise Real EstateNorthWest Illinois Alliance MLSMLS# 202602119MLS Provider
  • 74 days on site
  • 1 views

Rare opportunity to acquire a fully operational, income-producing commercial property with additional buildable land and ample parking—offering immediate cash flow and long-term upside. Unlock the potential of this versatile commercial property, currently operating as Greenbriar Suites, offering multiple income and redevelopment opportunities in one prime package. Zoned commercial and situated on 0.46 acres (including two additional buildable lots), this property is ideal for continued use as a bed & breakfast, or conversion to professional offices, boutique retail, or other business ventures. The property includes four private guest suites, each with its own exterior entrance, full bath, gas fireplace, and furnishings (included if desired)—well-suited for short-term rentals or easily adapted for individual office or retail use. Operational features include zoned heating, two 50-gallon gas water heaters, and a large laundry room, all of which support efficient day-to-day operations. Guests and clients will appreciate 10 dedicated parking spaces, along with a charming rear deck/patio that enhances the overall experience. The building is currently configured in conjunction with the owner's residence to meet inn requirements. While the residence is not included in this listing, it may be purchased separately by the buyer of the suites, creating a unique opportunity for a live/work setup or expanded hospitality use. With flexible zoning, strong infrastructure, ample parking, and additional buildable land, this property presents a rare chance to own, operate, or reimagine a business in a high-demand setting.

Source: NorthWest Illinois Alliance MLS, MLS#: 202602119

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  • Property Type
    Residential
  • Lot
    0.46 acres
  • Price per Square Foot
    $200

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Life at 341 Spring Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/17/2026Source: NorthWest Illinois Alliance MLS Added to Database
April 17, 2026