101 Washington StHanover, IL 61041

This exceptional industrial property in Hanover, Illinois, presents a unique redevelopment opportunity. Encompassing two interconnected buildings totaling 109,380 square feet on approximately 30 acres, this facility is ideally situated along the Apple River, minutes from Galena, IL, and near Route 84. The property includes over $1 million in high-quality cannabis cultivation and processing equipment, including grow lights, fertigation and irrigation systems, extraction equipment, cryo-freezers, and craft distillery brewing equipment. A detailed inventory list is available upon request. The buildings have undergone a complete renovation, including deep cleaning, painting, and mechanical servicing, resulting in a "vanilla box" condition ready for immediate occupancy. Additional features include a finished commercial kitchen on the third floor and a two-bedroom, two-bathroom residential loft on the top floor. The property offers abundant parking with 100 surface spaces. Existing permits encompass cannabis cultivation, extraction, infusion, dispensary, and residential use, making it suitable for a variety of businesses. Opportunity Zone zoning is pending. Low Jo Daviess County real estate taxes, along with lease options and owner financing, further enhance this compelling investment. The estimated replacement cost is $17 million, making this a truly exceptional opportunity for expansion or new operations in a supportive business environment with local government backing. The asking price is $3,500,000.