1109-1111 SUNSET DR Active Save Request In-Person Tour Request Virtual Tour
East Peoria,IL 61611
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
Year Built 2019
Annual Tax Amount $13,888
Tax Year 2024
Property Sub-Type Acres
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
Rooms
Other Rooms Second Residence
Exterior
Exterior Feature Barn(s),Garage,Machine Shed
Utilities Available Electricity Available,Other
View true
Building
Lot Description Creek,Extra Lot,Lake View,Pond/Lake,Pasture,River View,Sea Wall,Waterfront
Story 3
Water Private,Septic System
Schools
High Schools Metamora