The estate of Alexander Alekseevich Lokalev is located on a quiet street in his native village of Velikoye, Yaroslavl region. It is one of the first works of architect Fyodor Shekhtel, built in 1890 at the request of the owner of the Gavrilov-Yam flax factory. A successful factory owner and entrepreneur, coming from a family of serfs, sought to impress his fellow villagers with the elegance of his home, and he succeeded. Locals still refer to it as a palace. However, a year after the completion of construction, the owner passed away, and the estate was passed on to his daughters. After the revolution, the house was nationalized. From 1919 to 1926, it housed the provincial museum, then the regional executive committee and a youth house. At the beginning of the Great Patriotic War, a sewing factory was temporarily located in the mansion, and in 1942, the Velikoye Children's Home was established here, initially for children from besieged Leningrad, and later for ordinary orphans. The children's home occupies the estate's territory to this day.

The building is executed in the popular neo-Russian style of the time. Its facade is adorned with rich stucco and twisted half-columns. Ceramic inserts above the windows depict peacocks and lush floral bouquets presented in various shapes: squares, semicircles, triangles. The second floor, as is customary in Russian architecture, is decorated more lavishly than the first. A tower with a slender spire and an ornate wrought-iron weather vane rises above the roof. The interior features many stucco details, painted ceilings, and a marble staircase leading to the second floor. There are a hall and a small blue room, as well as an oak room.

The main feature of the mansion is the grotto room, reminiscent of a karst cave. Stalactite icicles made from flax production waste, soaked in cement, hang from the ceiling of the room. There is a fountain in the shape of an exotic fish, which is currently not functioning. The fountain had a small pool with fish. There was also a winter garden with exotic plants that Lokalev brought from his foreign trips.

Currently, besides the mansion, only the carriage house has survived from the entire complex. The tiled stoves and chimneys with wrought-iron flues were destroyed, and the bronze elements of the fence and gates were sold for scrap. Only the wrought-iron fence and gate posts remain. The two-story storage room was dismantled, and the garden on the estate's territory was cut down. In the past, there were also two greenhouses, a stable, and a bathhouse. The mansion building is now in a dilapidated state and requires restoration and repair.