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28194809
28194824

21-78 Lake Carroll Boulevard, Lanark, IL 61046 For Sale

LL
IL 471018286
$749,000
249 days on market
Updated 1 day ago

Trailside Inn

Details
APN 040413421078
Property Type Business for Sale, Retail (+1)
Sub Type Business Only, Grocery Store (+2)
Square Footage 8,735
Net Rentable (SqFt) 1,000
Units 11
Cap Rate 16.42%
NOI $123,000
Price per SqFt $86
Year Built 2001
Buildings 5
Stories 2
Acreage 2.750
Zoning OTHER
Parking Spaces 20 spaces
Parking per 1,000 SqFt 2.29
Investment Type Owner/User
Ownership Family

Business for Sale | 16.42% CAP | 8,735 SqFt

Marketing description

Invest in a lifestyle! This exceptional property offers a comprehensive business portfolio: resort, general store, mini-golf, office space, and gas station. Located within the highly desirable Lake Carroll community, you'll benefit from its robust four-season recreational amenities including lake rights, fishing, aquatic facilities, a marina, extensive trails, an 18-hole golf course, the Lake Carroll clubhouse, fitness center and Candlelight restaurant, dedicated ATV/trail systems, two equestrian areas, a campground, and a vibrant community event calendar.

Investment highlights

3 buildings with 11 units in total - motel guests

General store with an upstairs for renting to individual groups

Screened porch off of general store for individual or group entertainment

Grills for use of motel guest

Putt putt golf course for enjoyment of motel or outside guests

Gas station with two pumps

Oversized four stall garage for storage or rent possibilities

Long standing one tenant in the main building

Access to all the community amenities that include an 18 hole golf course, restaurant, fitness center, indoor and outdoors pools, tennis, lake access, boating access, walk trails and much more

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Listing Contacts

LL
IL 471018286

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$123,000.00
$10,250.00/mo

Valuation Metrics

0
DSCR
16.42%
Cap Rate
16.42%
ROI

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Additional Information

Name
Linda Longmeyer
License
471018286
Brokerage
Berkshire Hathaway Homeservices Starck Real Estates
Brokerage Phone
847-310-1886
Title
Managing Broker
Brokerage Address
2000 Center Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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