24366 Payne Road Shannon, IL 61078 • Residential - Single Family • Active $1,200,000

Description

A generational opportunity to own an established income-producing rental operation just minutes outside of Lake Carroll! Hickory Hideaway has been successfully operated for more than 20 years and features 12 individual rental units thoughtfully situated across 10 acres. The accommodations are spread among four duplex-style buildings and four individual 'Luxury Cabins. Two of the duplexes are home to the 'Country Cottages, while the remaining two feature the 'Rustic Whirlpool Cabins, creating a unique mix of accommodations throughout the property. The site is nicely laid out with interconnected driveways, designated parking areas, walking paths, and a centrally located communal shelter/pavilion for guests to gather. Also included is a large mixed-use office/shop building featuring approximately 1,520 sq. ft. of shop space and 1,200 sq. ft. of living space, offering flexibility for on-site operations, management, storage, or additional use. Approximately 3.5 acres along the south side of the property provide open space for potential expansion or additional investment opportunities. With year-round rental use, more than two decades of successful operation, a location just minutes from Lake Carroll, and no HOA covenants, Hickory Hideaway presents a rare opportunity to acquire an established hospitality property with existing infrastructure, multiple income-producing units, and room for its next owner to continue building upon an established operation while taking this property into its next chapter.

Property Highlights