12-Unit Resort
New
For Sale
$1,200,000
24366 Payne Road, Shannon, IL 61078
COMMERCIAL/INDUSTRIAL, SHANNON, IL
Property Size2,720 SF
Lot Size10.00 Acres
Price / SF$441.18
Days on Market1
Property Features for 24366 Payne Road
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Eastland
Middle school district
Eastland
High school district
Eastland
Standard status
Active
APN
010517200005
Size
2,720 SF
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5925
Utilities
Heating system
Forced Air, Electric (Heating), Natural Gas, Baseboard
Cooling system
Central Air, Wall Unit(s)
Amenities
communal shelter/pavilion
walking paths
designated parking areas
Building Details
Year built
1997
Flooring type
Carpet, Vinyl, Tile
Roof type
Shingle
Listing Agency:
JIM SULLIVAN REALTY
(815) 947-9040
Listed By:
Kayden Schubert · License #475210788
(815) 291-3943
Added: Aug 28
Last Checked: Aug 28 at 10:06PM
MLS# 202605449
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established resort property includes 12 individual rental units arranged among four duplex-style buildings and four separate cabins. Guest-oriented improvements include interconnected driveways, designated parking areas, walking paths, and a centrally placed communal shelter or pavilion. The property also includes a mixed-use office and shop building with approximately 1,520 square feet of shop space and 1,200 square feet of living space, supporting on-site management, storage, and operations. The buildings feature carpet, vinyl, and tile flooring, along with forced-air, electric, natural gas, and baseboard heating systems and central air and wall-unit cooling. Constructed in 1997, the property occupies 10 acres and has approximately 3.5+/- acres of open land along its south side. The operation has been used for year-round rentals for more than 20 years and is located minutes from Lake Carroll. No HOA covenants are stated for the property.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 61078, IL
1,388
Population
626
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
95%
High-School Grad
55.4 sq mi
ZIP Area
25
Density / Sq Mi
$75,150
Median Household Income
$34,097
Median Earnings
$733
Median Rent
$128,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Resort - Established year-round lodging operation with cabins, duplex-style buildings, shared guest facilities, and an on-site office and shop.
Where is this resort located?
The property is located at 24366 Payne Road Shannon, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 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
