399 Sinsinawa Ave East Dubuque, IL 61025
This exceptional mixed-use property, situated on 1.23 acres in East Dubuque, Illinois, presents a unique investment opportunity. The Captain Merry compound, comprised of three interconnected structures built between 1858 and 2005, boasts 10,917 square feet of finished space. A meticulous, multi-year restoration project (2002-2005) totaling over $4 million (in today's dollars) seamlessly blends historic charm with modern amenities. The property features 12 private guest rooms/suites (seven are two-bedroom suites), accommodating up to 40 guests. Thirteen bathrooms (ten full, three half) and fourteen gas fireplaces add to the luxurious ambiance. The main level and lobby offer approximately 3,000 square feet of event space, ideal for weddings, corporate gatherings, or private functions. A lower-level dining/game room, commercial-grade kitchen, and home theater enhance the property's versatility. Ample parking accommodates 30-35 vehicles, expanding to 50+ for valet events. Located one mile from downtown Dubuque and eleven miles from Galena, Illinois, this property offers convenient access to regional attractions. Previously operated as a successful luxury inn and gourmet restaurant (2004-2011), and later as corporate offices and a private catering venue (2012-2019), the property currently utilizes VRBO/Airbnb for lodging. The property is zoned commercial and offers potential for continued use as a luxury inn/B&B, private retreat, or corporate office space. Partial seller financing may be available for qualified buyers. The asking price is $1,295,000, with a price per square foot of $118.62. The property's APN is 05-504-030-00.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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