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409 N State St Franklin Grove, IL 61031

New
For Sale
$1,500,000

Business Opportunity - Franklin Grove, IL

Property size:
15,000 SF
Days on Market:
5
Last Refresh:
Dec 5 at 10:06 pm

Property Features for 409 N State St

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
06033540002300
Size
15,000 SF

Utilities

Cooling system
Central Air

Building Details

Architectural style
Other

Compass Real Estate

Listing agent Linda Feinstein (630) 974-6750 License #471004664

Listing date Dec 1, 2025

MLS# 12494537 Listing URL

Copyright © 2025 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.


Overview

Unique Franklin Grove Lodging Opportunity

Located in Franklin Grove, Illinois, this property, known as Lincoln Way Stay, offers a unique business opportunity. Currently utilized as a short-term guest lodging, the property could also serve as private residences suitable for multi-generational living or divided lots. The main house features 10,000 square feet across four floors, including six bedrooms, with each floor having its own HVAC system. 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 space. The third floor offers two bedrooms with a shared living room and bathroom, each bedroom featuring its own vanity, and one bedroom opening 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. 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 that includes a shower and jacuzzi tub. French doors open to a private deck from both the suite and the main area, with five-car parking 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 for emergency exits. Outdoor features include a fireside pagoda, water garden, and yoga lawn, surrounded by native plants and tropicals, apple trees, and herbs, plus a fountain, flowing creek, and koi fish waterfall.
Property Profile 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 - All-inclusive accommodation perfect for short-term lodging or private residences.
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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