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Fred Venturini

[email protected] +1(618) 322-9764

Listed by Jared Litwiller • Freedom Realty

$ 1,500,000

Est. payment -/mo

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1109-1111 SUNSET DR East Peoria, IL 61611

4 Beds

4,839 SqFt

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 $309

Subdivision Not Available

MLS Listing ID PA1260229

Bedrooms 4

Abv Grd Liv Area 4,839

Year Built 2019

Annual Tax Amount $13,888

Tax Year 2024

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. *Agent Interest*

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

Interior

Fireplace N

Exterior

Exterior Feature Barn(s), Garage, Machine Shed

Utilities Available Electricity Available, Other

View true

Garage 1

Building

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

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

Story 3

Water Private, Septic System

Level or Stories 3

Schools

High Schools Metamora

Others

HOA Fee Include Cable TV

Tax ID 07-35-301-024

Fred Venturini

Broker | License ID: 475.179117

+1(618) 322-9764

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