1109-1111 SUNSET DR new 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
***MOTIVATED SELLER*** This exceptional 26.8-acre waterfront property offers a unique 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 frequently rents on Airbnb for $475 per night and offers stunning marina views, and 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 net profit of almost $300,000 in its first year in 2023. It boasts a nicely furnished dining area, a perfectly situated bar, and a back patio with stunning views of the marina and river. The marina includes a boat ramp, and has a sandy beach on the river. The boat docks could be re-installed, and the marina re-activated, to generate income from boat parking. The 7,500 sqft barn provides ample storage for boats, jet skis, or maintenance equipment, or could be rented out for extra income. There is also an additional 10acres on the north part of the property, offering many possibilities for development, such as a campground. The property consists of two parcels:
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