101 N Washington St

This prime commercial property in Hanover, IL, features two interconnected industrial buildings totaling 109,380 SF on approximately 30 acres. Included in the sale is over $1M worth of cannabis equipment, such as grow lights, fertigation and irrigation systems, extraction equipment, cryo-freezers, craft distillery brewing equipment, and inventory, with a detailed machine and inventory list available upon request. The property also boasts a finished commercial kitchen on the 3rd floor and a 2-bedroom, 2-bath residential loft on the top floor. The buildings have been deep cleaned, painted, and brought to vanilla box condition, with all mechanicals serviced. Located along the Apple River, just minutes away from historic Galena, IL, this property offers excellent visibility and logistics near RTE 84, abundant parking with 100 surface spaces, and a supportive business environment with local government backing. Opportunity Zone zoning is pending. Existing permits include cannabis craft grow, extraction, infusion, dispensary, and residential use, making it ideal for a licensed cannabis operator or other manufacturing, distribution, or warehouse purposes. The property benefits from low real estate taxes in Jo Daviess County, with lease options and owner financing available and a replacement cost estimated at $17 million. This is a unique opportunity for businesses looking to expand or establish operations in a strategically located and supportive environment.