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    Shannon, IL
    Hospitality

    Shannon, IL Hospitality Properties for Sale

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    Lake Carroll, IL Pearl City, IL Forreston, IL Freeport, IL Eleroy, IL Mount Carroll, IL Mt Carroll, IL Polo, IL
    12-Unit Resort Property
    Updated: Aug 28
    12-Unit Resort Property

    24366 Payne Road, Shannon, IL 61078

    $1,200,000
    2,720 sqft 10.00 AC lot
    12 individual rental units across four duplex‑style buildings and four individual cabins
    10‑acre resort property with approximately 3.5+/- acres of open space along the south side
    Mixed‑use office/shop building with approximately 1,520 sq. ft. of shop space and 1,200 sq. ft. of living space
    Interconnected driveways, designated parking areas, walking paths, and communal shelter/pavilion
    Year‑round rental operation with more than 20 years of operating history
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Shannon, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Inn with Annex
    Turn-Key Inn with Annex

    412 Spring Street, Galena, IL 61036

    $850,000
    10,342 sqft

    Licensed inn property with multiple guest suites and additional annex space on Highway 20.

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    Full-Service RV Campground
    Full-Service RV Campground

    600 E 17TH ST, Rock Falls, IL 61071

    Contact for pricing
    1,157,389 sqft

    Year-round campground with city utilities, modern guest facilities, recreational attractions, and room for additional site development.

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    80-Unit Interior-Corridor Hotel
    80-Unit Interior-Corridor Hotel

    2106 1st Avenue, Rock Falls, IL 61071

    Contact for pricing

    Three-story lodging property with extensive renovations completed from 2024 to the present.

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    Historic Six-Suite Bed & Breakfast
    Historic Six-Suite Bed & Breakfast

    412 Spring Street, Galena, IL 61036

    $850,000
    10,342 sqft 0.45 AC lot

    Two-building hospitality property with guest accommodations, an annex, commercial kitchen, sauna, and downtown access.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lake Carroll Golf Course Lot
    Lake Carroll Golf Course Lot

    23-5 Lake Carroll Boulevard, Lake Carroll, IL 61046

    Contact for pricing
    1.49 AC lot

    1.49-acre golf course lot near Lake Carroll amenities.

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    Land Near Lake Carroll
    Land Near Lake Carroll

    12-124R Briarwood Drive, Lake Carroll, IL 61046

    Contact for pricing
    0.77 AC lot

    0.77 acre parcel near lake, amenities, and marina.

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    Shannon, IL Hospitality Properties Market Trends and Statistics

    Explore 1 hospitality properties for sale in Shannon, IL on our real estate platform. These investment opportunities span a total of 2,720 square feet of properties for sale, with an estimated market value of $1,200,000.

    Sale prices for hospitality properties in Shannon, IL average $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Resorts 1

    Demographics Overview

    Population 1,411
    Population Growth (5Y) +12.6%
    Median Household Income $75,150
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

    Identify Shannon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61078 $1.2M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Carroll County

    New Delisted

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