IL > East Peoria > Not Available
East Peoria, IL 61611,1109-1111 SUNSET DR
East Peoria, IL 61611,1109-1111 SUNSET DR
East Peoria, IL 61611,1109-1111 SUNSET DR
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Found It Team

Found It Team

+1(800) 790-7576
Listed by Jared Litwiller • Freedom Realty
$1,100,000
Est. payment /mo
4 Beds
4.5 Baths
4,839 SqFt
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Acres

Listing Status Active

Purchase Type For Sale

Square Footage 4,839 sqft

Price per Sqft $227

Subdivision Not Available

MLS Listing ID PA1263199

Bedrooms 4

Full Baths 4

Half Baths 1

Abv Grd Liv Area 4,839

Year Built 2019

Annual Tax Amount $13,888

Tax Year 2024

Lot Size 26.800 Acres

Acres 26.8

Lot Dimensions 26.8 Acres

Property Sub-Type Acres

Source rmlsa

Property Description

This exceptional 26.8 acre waterfront property offers an investment opportunity with multiple revenue streams. The luxurious vacation rental home, built in 2019, spans 4,839 sqft and features 4 bedrooms, 4.5 bathrooms, 3 floors, and a 2-car garage. It rents on Airbnb for $475/night and offers stunning views of sunsets over the river from the living room and oversized hot tub. The 3,342 sqft restaurant/bar, formerly operated as Charlie's On Sunset Cove, generated nearly $1.5 million in revenue with a profit of almost $300,000 in its first year in 2023. It was closed to prepare for sale. It boasts a beautifully furnished dining area, a bar, and a back patio with views of the marina and river. The marina includes a boat ramp, and has a sand beach on the river. The boat docks could be re-installed, to generate income from boat parking. The 7,500 sqft barn provides storage for boats, jet skis, or maintenance equipment, or could be rented out for extra income. There is an additional 10 acres on the north part of the property, offering many possibilities, such as a campground. The property consists of 2 parcels: 1111 Sunset Drive, a 2-acre parcel where the house is at, and 1109 Sunset Drive, a 24.8-acre parcel with restaurant, marina, barn, and the other 10 acres. *MOTIVATED SELLER*

Location

State IL

County Woodford

Area Paar Area

Zoning Commercial

Direction From I-74, N on IL-116, Left on Spring Bay Rd

Rooms

Other Rooms Second Residence, Barn(s)

Interior

Fireplace N

Exterior

Exterior Feature Barn(s), Garage, Machine Shed

Utilities Available Electricity Available, Other

View true

Garage 1

Building

Lot Description Waterfront, Lake View, Creek, Extra Lot, Pond/Lake, Pasture, Sea Wall, River View

Faces From I-74, N on IL-116, Left on Spring Bay Rd

Water Private, Septic System

Schools

High Schools Metamora

Others

HOA Fee Include Cable TV

Tax ID 07-35-301-024

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1109-1111 SUNSET DR

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