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Property profile & analytics
OFF-MARKET
Commercial real estate

399 Sinsinawa Ave East Dubuque, IL 61025

10,917 SF 1.23 ac lot Built 1867
Property ID
US28-3587268
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1867
Total area 10,917 SF
Lot 1.23 ac (53,579 SF)
APN 05-504-030-00
UPID US28-3587268
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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