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123 A Street, McGregor, IA
123 A Street
McGregor, IA 52157
$5,875,000 Sale
MLS #148617
State-of-the-art restaurant and award-winning microbrewery for sale! Don’t miss your opportunity to own this iconic property. The “Old Man” has been improved with multi-millions in impressive, custom renovations and finishes, including copper brew kettles built in Vienna Austria. The Old Man Restaurant is approximately 2,482 SF with seating for about seventy-five plus a beautiful outdoor patio with seating for an additional thirty guests. The bar features unique and custom finishes with seating for twenty and the brew house measures approximately 3,713 SF. There’s ample parking with a large lot across the street and additional parking behind the facility. Recent awards earned: 2019 & 2021 Business of the Year. 2023 Best of the Best in Breweries Winner! Included in the sale are two high-end, fully turn-key Airbnb units offering full kitchens, fireplace, bedrooms, bathrooms, and amazing views of the Mississippi River. The Old Man is perfectly situated along the Great River Road National Scenic Byway in the tourist corridor of McGregor, Iowa. Historic McGregor is a major tourist attraction with over half a million annual visitors from all over the world arriving to explore the historic downtown with mouthwatering food, antique shops, specialty shops, dining, live music, entertainment, art, gift shops, nature centers, fishing hotspots, or to enjoy and explore the natural beauty of Effigy Mounds and Pike’s Peak State Park. Additionally, in July of 2022, McGregor, Iowa was designated as a new Iowa Cultural & Entertainment District for its well-identified, walkable, mixed-use destination with a high concentration of flagship cultural facilities (1 of only 16 in the State). This unforgettable property is listed on the National Register of Historic Places and was built in the 1880’s by Diamond Jo Reynolds, where he used it as headquarters for his steamboat business, with a second-floor residence. Now is your chance to own a piece of Iowa history. Price negotiable.
399 Sinsinawa Avenue, East Dubuque, IL
399 Sinsinawa Avenue
East Dubuque, IL 61025
$1,295,000 Sale
MLS #148614
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.
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