Waterfront Marina and Restaurant
1109-1111 Sunset Drive East Peoria, IL 61611
1109-1111 Sunset Drive, East Peoria, IL, 61611
$1,100,000
For Sale
$1,100,000
26.8-acre waterfront offering a 2019 vacation rental home, a marina with boat ramp and beach, and a restaurant/bar building.
Property Size4,839 SF
Lot Size26.80 Acres
Price / SF$227.32
Days on Market215
Property Features for 1109-1111 Sunset Drive
General Information
- Standard status
- Active
- Size
- 4,839 SF
- Lot size
- 26.80 Acres
- Property subtype
- Land / Acres
Building Details
- Year Built
- 2019
Listing agency
Freedom Realty
(309) 840-5983
Listed by
Jared Litwiller · License #475155972
(309) 840-5983
Source
Compass
Added: Dec 19, 2025 Updated: Jul 22 at 5:11AM Checked: Jul 22 at 5:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Freedom Realty
Investment Insights
Based on property information with market context.
This 26.8-acre waterfront property includes multiple components across two parcels. A luxurious vacation rental home built in 2019 features 3 floors, 4 bedrooms, 4.5 bathrooms, and approximately 4,839 square feet, along with a 2-car garage. The property also includes a 3,342-square-foot restaurant/bar with a furnished dining area, bar, and back patio overlooking the marina and river; it is currently closed for sale, but previously generated profit in its first year in 2023.
The marina area includes a boat ramp and a sand beach on the river. The boat docks are galvanized and could be re-installed to support income from boat parking and/or jet ski rental. A 7,500-square-foot barn is also on site for storage of boats, jet skis, or maintenance equipment, with the opportunity to rent it out for additional income.
The property is split between 1111 Sunset Drive (a 2-acre parcel with the home) and 1109 Sunset Drive (a 24.8-acre parcel that includes the restaurant, marina, barn, and an additional 10 acres on the north part of the property).
The marina area includes a boat ramp and a sand beach on the river. The boat docks are galvanized and could be re-installed to support income from boat parking and/or jet ski rental. A 7,500-square-foot barn is also on site for storage of boats, jet skis, or maintenance equipment, with the opportunity to rent it out for additional income.
The property is split between 1111 Sunset Drive (a 2-acre parcel with the home) and 1109 Sunset Drive (a 24.8-acre parcel that includes the restaurant, marina, barn, and an additional 10 acres on the north part of the property).
Key Highlights
- 26.8‑acre waterfront property with 2 parcels: 1111 Sunset Drive (2 acres) and 1109 Sunset Drive (24.8 acres).
- 2019 vacation rental home: 4,839 SF, 4 bedrooms, 4.5 baths, 3 floors, and a 2‑car garage; rents on Airbnb for $475/night.
- Home includes a living room with river sunset views and an oversized hot tub.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.5k | $17.04 |
| − Vacancy | −$5.1k | −$1.06 |
| EGI | $77.3k | $15.98 |
| − OpEx | −$19.3k | −$4.00 |
| NOI | $58.0k | $11.99 |
4,839 SF · lease $17.04/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$828.7K
$725.1K – $966.8K
NOI $58,008 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.23M
$3.70M – $4.94M
NOI $296,318 @ 7.0% cap · market cap 26.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Marinas
Similar For Sale Nearby
FAQs
What type of property is this?
Marina - 26.8-acre waterfront offering a 2019 vacation rental home, a marina with boat ramp and beach, and a restaurant/bar building.
Where is this marina located?
The property is located at 1109-1111 Sunset Drive East Peoria, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 26.8‑acre waterfront property with 2 parcels: 1111 Sunset Drive (2 acres) and 1109 Sunset Drive (24.8 acres).; 2019 vacation rental home: 4,839 SF, 4 bedrooms, 4.5 baths, 3 floors, and a 2‑car garage; rents on Airbnb for $475/night.; Home includes a living room with river sunset views and an oversized hot tub.
