It's no joke.

Goonie's Comedy Club, Rochester's only comedy club, is closing in July, along with the connected McGoon's Taxi Co. restaurant, according to Mark Klampe, one of the owners.

Klampe said he and the other five owners have accepted an offer to sell the 98-year-old building at 7 Second St. SW. The sale to Rochester Ventures, which is led by Rochester developer and Realtor Paul Meier and contractor Todd Severson, is expected to close at the end of July.

Klampe said it was a decision that the owners have been considering for some time. "Unfortunately, what it comes down to is what's best for everyone," he said.

The last day for McGoon's will be July 2 and the final weekend of comedy at Goonie's will be July 7-8. Since McGoon's already will be closed, there will be no food service at the final comedy shows.

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The business, which has been open since 2005, has 22 employees.

While there are no plans at this point, Klampe did say he would be open to considering launching another comedy club in Rochester, if the right project came along.

McGoon's and Goonie's are known for being decorated with local memorabilia, many created by Klampe and his wife, Jasmine Klampe. Those items and some furnishings will be available for purchase from July 7 to July 9. The doors will be open from 10 a.m. to 4 p.m. for shoppers.

The kitchen equipment won't be sold, since it's part of the sale to Rochester Ventures. Meier said a restaurant is in the tentative plans. He and his partner are still working out the details on the project. They expect to have a more specific plan by the time the sale closes at the end of July.

"We do know that the biggest thing we're going to do is to completely renovate the building," said Meier.

The building dates from 1918 and originally was the Olmsted County Bank and Trust. It later became the Olmsted County Bank and Trust and remained a bank until 1965. After that, it was home to Tinklers Restaurant from the 1970s to 1989, the Clubhaus Brew Pub from 1995 to 1997, and O'Neill's Pizza Pub from 2000 to 2005.