2003 W Hanover Rd - Specialty FOR SALE


Hanover, IL 61041
$4,000,000 USD
309-261-3724
2003 W Hanover Rd, Hanover, IL for Sale
$4,000,000 USD
Specialty - FOR SALE
1/141
null | Request Cap Rate

2003 W Hanover Rd
Hanover, IL 61041


HIGHLIGHTS

  • 112 Acres in the Galena Hills with a 5-acre Lake, 3 Exquisite Lodges, and a Winery!
  • Award-winning 25-acre vineyard with the potential to expand up to 60 acres
  • 15,000 SF Lodge with owners quarters, Manager's residence with 5 BR and 3/5 baths, VRBO Cabin home sleeps 10 on 5 acre lake

OVERVIEW

This phenomenal Investment Opportunity on 112 Acres in the Galena Hills with a 5-acre Lake, 3 Exquisite Lodges, and a Winery! Breathtaking views of the Galena Territory make this property an ideal choice for weddings, special events, and even the prospect of a future resort. Actively thriving as Rocky Waters Vineyard & Winery, an award-winning 25-acre vineyard with the potential to expand up to 60 acres, this property offers turn-key income potential. However, if the new owners prefer not to be Winemakers, the sellers will "grapefully escape" and will remove the vines and equipment to allow the new owners to create their own dream. This estate provides three beautifully crafted homes, including a 15,000 sq ft luxurious main lodge with room for conversion into a bed & breakfast and an additional apartment. The Lodge features magnificent views & wrap-around decks for an immersive outdoor living experience, an exquisite gourmet kitchen, and a lower-level event space for up to 115 people. The Manager's Residence is placed on a specified 5 acres and offers 5 bedrooms, 3.5 baths, and a finished walk-out basement. The Fisherman's Cabin sleeps 10 and currently serves as an in-demand VRBO rental. This estate has been lovingly cared for by the same family since its creation. Rocky Waters is not only a rare investment opportunity but when the torch is passed, the new owners will be gifted peace of mind regarding quality, maintenance & attention to detail in every square foot. Indeed a dream come true! A plethora of additional information is available upon request!

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rocky Waters Winery and Vineyard

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Lodge/Meeting Hall

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

112 AC

LAND SF

4,878,720 SF

ZONING

Agriculture

APN/PARCEL ID

09-001-501-00

ASK ABOUT THIS PROPERTY

Ed NeavesBerkshire Hathaway Central Illinois RealtorsMore Info
309-261-3724

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Ed NeavesBerkshire Hathaway Central Illinois RealtorsMore Info
309-261-3724

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.