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20294763
20294764

1000 Calhoun St, Savanna, IL 61074

Jim Sullivan Realty
Listed by Jim Sullivan Realty
$850,000
603 days on market
Updated 113 days ago
Opportunity zone

Rustic River

Details
Property Type Hospitality, Special Purpose
Sub Type Motel
Square Footage 4,800
Units 10
Year Built 2003
Buildings 10
Acreage 11.000
Ownership Fee Simple

Hospitality | 10 Keys

Marketing 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!

Investment highlights

10 Cabins. Views of Mississippi River. Sold furnished.

Listing Contacts

Jim Sullivan Realty
Listed by Jim Sullivan Realty

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