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Residential Estate with Guest House
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16602 N Steel Ln, Woodlawn, IL 62898

A 55+ acre property with a 2-bedroom home overlooking a stocked pond and a large guest house with loft.

Property Size2,100 SF
Lot Size55.00 Acres
Price / SF$416.67
Days on Market82

Property Features for 16602 N Steel Ln

General Information

Standard status Active
Size 2,100 SF
Lot size 55.00 Acres
Property subtype Land

Building Details

Year Built 2014
Year Renovated 2019
Tenancy Single
Listing Agency: WHITETAIL PROPERTIES REAL ESTATE, LLC
Listed By: Josh Malone · License #IL475.201910
Source: Crexi
Added: Jun 20 Changed: Sep 2 Last Checked: Sep 8 at 3:33AM

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 WHITETAIL PROPERTIES REAL ESTATE, LLC

Investment Insights

Based on property information with market context.

This 55+ acre property in Jefferson County features a 2,100+ square foot residence with 2 bedrooms and 2.5 bathrooms, a finished basement, and large windows designed to capture natural light and views. The home includes patios and balconies on every level, and it sits well off the road for a private, secluded setting. In addition, there is a fully finished and insulated 24x40 two-car garage with electricity and two extra rooms for flexible storage or workspace needs.

The property also includes an impressive 1,800+ square foot guest house with a 19-foot swim spa and hot tub, along with a kitchen, bathroom, and bedroom. Above the main level is a 724+ square foot loft area, providing additional living or recreational space.

Outside, the land includes nearly 50 acres of timber and a stocked pond (2.5+ acres), with established trails and natural terrain supporting activities such as hiking, ATV riding, and camping. The wooded acreage is described as supporting deer and turkey sign, while the pond provides fishing opportunities. The property’s multiple lodging options and event venue potential are presented as suitable for short-term rentals and private gatherings.

Key Highlights

  • 55± acre Jefferson County property featuring a 2,100± SF home with 2 bedrooms and 2.5 bathrooms overlooking a 2.5± acre stocked pond
  • Finished basement in the main home plus patios and balconies on every level for outdoor living and pond views
  • 24x40 two‑car garage is fully finished and insulated, with electricity and lighting, plus two additional rooms for storage or workspace

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 62898, IL

2,038
Population
893
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
53.9 sq mi
ZIP Area
38
Density / Sq Mi
$74,297
Median Household Income
$43,787
Median Earnings
$906
Median Rent
$150,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - A 55+ acre property with a 2-bedroom home overlooking a stocked pond and a large guest house with loft.
Where is this short term rental property located?
The property is located at 16602 N Steel Ln Woodlawn, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 55± acre Jefferson County property featuring a 2,100± SF home with 2 bedrooms and 2.5 bathrooms overlooking a 2.5± acre stocked pond; Finished basement in the main home plus patios and balconies on every level for outdoor living and pond views; 24x40 two‑car garage is fully finished and insulated, with electricity and lighting, plus two additional rooms for storage or workspace
More about this property
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