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Improved Mixed-Use Land for Sale in Shannon, Illinois

24366 Payne Rd, Shannon, IL 61078

$1,200,000
10 acres
Active sale
ago
Est $6,625/mo

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.

2,720
Sq feet
1997
Built

Location

Street address
24366 Payne Rd
Zip code
61078
School district
Eastland
Elevation
884 feet
Coordinates
42.168, -89.8311

Property details

Acreage
10 acres
MLS #
RAAR 202605449
Posted

Property taxes

2025
$5,925

Parcels

  • 010517200005

Details and features

Listing

Type
Commercial Sale

Structure

Heating
Baseboard, Electric, Forced Air, Natural Gas
Cooling
Central Air, Wall Unit(s)
Roof
Shingle

Interior

Flooring
Carpet, Tile, Vinyl

Property utilities

CategoryTypeStatus
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
Aug 28, 2026New listing$1,200,000RAAR
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This 10-acre property is located at 24366 Payne Rd in Shannon, IL 61078. The property is available for sale, priced at $1,200,000. It has a 2,720 square foot structure built in 1997.

Listed by Jim Sullivan Realty, (815) 947-9040

Checked 2 hours agoUpdated Source

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