2003 W Hanover Road
Income Property
Active
$4,500,000
-
beds
-
baths
For Details, Contact
Ruhl&Ruhl Realtors

Description

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!

Property Highlights

  • County: Jo Daviess
  • Year Built: 2008
  • Gross Operating Income: $300,000
  • Annual Taxes: $40,564
  • Cooling Type: Central Air
  • Roof: Metal
  • Total Number of Units: 3
  • Property Type: Income Property, Mixed Use
  • MLS #: 11895706

General Information

County Jo Daviess County
Lot Size Dimensions 112 Acres
Taxes (Est) $40,564
Year Built 2008

Property Features

Cooling Central Air
Exterior Features Aluminum Siding, Vinyl Siding, Brick
Roofing Metal
$4,500,000
-
beds
-
baths
For Details, Contact
Ruhl&Ruhl Realtors
Location
2003 W Hanover Road, Hanover, IL 61041 Driving Directions
Nearby Schools
Listed by Amanda Wycoff, BHHS Central Illinois, Realtors.
Data provided by MRED MLS.