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$1,295,000
Est. payment /mo
10,917 SqFt
UPDATED:
05/09/2024 05:56 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,917 sqft
Price per Sqft $118
MLS Listing ID 202400044
Annual Tax Amount $22,250
Tax Year 2022
Lot Size 1.230 Acres
Property Description
It’s your turn to own a piece of history! The beautiful Captain Merry Compound (The Merry), is located one mile from downtown Dubuque, Iowa (in Illinois) just across the Julien Dubuque Bridge, (11 miles to Galena, IL). The Merry is a luxury lodging and event venue that includes three interconnected structures and ~14,000 SF of finished space. The 1st structure was built in 1858; the 2nd is the mansion built in 1867; and 3rd a historically inspired connection built in 2005. The seller undertook a multi-year project to meticulously restore/connect the historic structures and replace all systems between 2002-2005. The $2.5MM project (over $4MM today) introduced modern amenities luxury guests expect in the 21st century. Adjacent properties were acquired to expand the grounds and parking to support a total of 30-35 vehicles (50+ for valet events). The mansion’s main level and the new main lobby serve as the event space (~3,000 SF), suitable for small weddings, dinner parties, or business meetings. The Merry offers up to 12 private guestrooms/suites, each with its unique décor (seven are 2-bedroom suites) accommodating up to 40 overnight guests. There are 13 bathrooms (10 full/3 half) and 14 gas fireplaces. The mansion’s lower level has a large dining/game room, a commercial grade kitchen and a home theater room. The Merry was open to the public 2004-2011, and operated as a successful luxury inn and celebrated gourmet restaurant. From 2012-2019, The Merry was used as corporate offices, entertainment venue and private catering base. Currently, the Merry’s lodging is offered via VRBO/AirBnB. The best commercial use remains a luxury Inn/B&B, or private/corporate office/retreat. The current owner seeks a buyer that will continue the stewardship and care of this unique property. Endless opportunities await! Partial seller financing may be considered for qualified buyers.
Location
State IL
County Jo Daviess County
Schools
School District East Dubuque
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Listed by RUHL & RUHL REALTORS
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