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409 N State St Franklin Grove, IL 61031

Sponsored
For Sale
$1,500,000

COMMERCIAL - Franklin Grove, IL

Lot size:
1.66 Acres
Days on Market:
56
Last Refresh:
Jan 25 at 9:06 am

Property Features for 409 N State St

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
06033540002300
Lot size
1.66 Acres

Utilities

Cooling system
Central Air

Building Details

Floors in Building
3

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Listing Contact
Linda Feinstein

Compass Real Estate

Listing agent Linda Feinstein (630) 319-0352

Listing date Dec 1, 2025

MLS# 12494537

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Unique Multi-Building Hospitality Property

This property, currently operating as a short-term guest lodging known as Lincoln Way Stay, offers potential as private residences suitable for multi-generational living or divided lots. The main house, spanning 10,000 square feet across four floors, features six bedrooms and individual HVAC systems on each floor. The main floor includes a foyer, living room, dining room, dining porch, modern kitchen with commercial appliances, and a powder room. The second floor houses three bedrooms with private bathrooms, including a primary suite with a gas fireplace, plus a laundry room with two washers and dryers, sink, and storage. The third floor offers two bedrooms with a shared living room and bathroom, each bedroom having its own vanity, and one with access to a small deck. The stone cellar includes a bathroom, shower, custom-built Finlandia sauna, bedroom, studio kitchen, living room, workout room, storage, and a tornado bunker with an escape window. Additional structures include an original barn used for lawn storage with two garage doors, and a historic well house dating back to the late 1800s. The carriage house, approximately 2,300 square feet, features a second-story retreat with a full kitchen, living room, laundry room, powder room, and a king suite with an en suite bathroom with a shower and jacuzzi tub. French doors open to a private deck, and five-car parking is available below. The 3,200 square foot cottage offers a full kitchen and dining room with an open floor plan, a small foyer, and a full bathroom. The second floor includes a primary king bedroom with a catwalk leading to an open-air office and sitting room. The lower level comprises a living room, laundry, bathroom with shower, bedroom, and a cement tornado bunker with garden-style windows. Outdoor features include a fireside pagoda, water garden, yoga lawn, native plants, tropicals, apple trees, herbs, a fountain, flowing creek, and koi fish waterfall. The property is situated on a 1.66-acre lot.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Lincoln Way Stay ... Inn

Suggested Use

Restaurant Spa & Massage Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic Department Store Bar & Pub Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Our Serene Getaway

Location Insight

  • Map
  • Local Demand
City
Franklin Grove
County
Lee
State
Illinois
Longitude
-89.303833
Latitude
41.8450916

FAQs

What type of property is this?
Bed & breakfast - Luxury accommodation with multiple residences and unique amenities.
Where is this bed & breakfast located?
The property is located at 409 N State St Franklin Grove, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - 10,000 sq ft main house with 6 bedrooms, suitable for private residence or short-term lodging; - Separate 2,300 sq ft carriage house and 3,200 sq ft cottage, each with full amenities including kitchens and laundry; - **Stone cellar with custom sauna, bedroom, kitchen, living room, workout room, and tornado bunker**
More about this property
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