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$ 899,000
Est. payment /mo
Active
1000 Calhoun Street Savanna, IL 61074
4,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $187
MLS Listing ID 202405518
Annual Tax Amount $13,272
Tax Year 2023
Lot Size 11.000 Acres
Property Sub-Type Rental
Property Description
What an opportunity to capitalize on the popular vacation rental business with this 11 +/- acres overlooking the Mississippi River and the Savanna-Sabula bridge with 10 vacation rental cabins and a strong rental history! A paved road ascends up the bluff with each cabin perfectly placed to maximize the Mississippi River views. Each cabin has a similar design and all are being sold fully furnished to include two queen beds, living room sets, kitchenettes and heating and air conditioning units. An additional building near the entrance of the property serves as a laundry and storage facility. The property has a strong rental history and, with every cabin booked nearly every weekend and frequent bookings during the week as well. The entire booking process has been automated and currently has an excellent cleaning staff to make sure the cabins are ready for the next check in. This is an excellent real estate investment for those looking for a near double digit rate of return and a property with major appreciation upside as there are only so many privately owned Mississippi River view like this one. With so many local attractions including nearby Galena, Chestnut Mountain Ski Resort, endless hunting and fishing opportunities, golf courses, state parks, etc-Northwest Illinois will continue to thrive as a popular destination for visitors and is less than 3 hours from downtown Chicago, around 2 hours to Madison WI, and only an hour to the Quad Cities. Call today to see the impressive income history and set up a showing on this impressive, high income vacation rental property!
Location
State IL
County Carroll County
Schools
School District West Carroll
Listed by JIM SULLIVAN REALTY