Based on property information with market context.
This rare property features a fully renovated 1913 residence paired with two additional custom-built homes, creating a multi-building estate. The main house spans over 10,000 square feet across four finished levels and offers six bedrooms, a library office, generous living spaces, and modern systems with separate HVAC for each floor. The main level includes a gracious foyer, original oak floors, large living and dining rooms, a dining porch, and a kitchen with quartz countertops, Wolf stove, and Subzero refrigerator. The dining porch opens to a stone fireplace and garden pagoda. The second floor features original wood floors and private en-suite bedrooms, including a master suite with a gas fireplace and a marble-lined bathroom with a clawfoot tub and shower, plus a laundry room with two washers and dryers. The third floor offers Hickory floors, two bedrooms, a living room with a gas fireplace, and a bathroom with a custom Kohler double-vanity sink and marble-and-stone walk-in shower. The lower level stone cellar includes a bathroom, shower, custom-built Finlandia sauna, bedroom, studio kitchen, living room, workout and massage room, storage, storm shelter, and escape window. The 2,300-square-foot carriage house has a full kitchen with quartz countertops, living area, laundry, powder room, king suite with spa bath, and French doors to a private deck. The 3,200-square-foot cottage features an open-design kitchen with quartz countertops and a dining area, as well as front and back decks. The second floor includes a primary king bedroom with a catwalk leading to an open-air office and sitting room. The lower level comprises garden-style windows, a custom-built room-length desk, living room, laundry, marble-tiled bathroom with shower, bedroom, concrete storage and storm shelter. The grounds include a greenhouse, water garden with koi pond and waterfall, a flowing creek, yoga lawn, fruit trees, and native and herb garden. The property, offered largely furnished, is move-in ready as a turnkey residence, second home, hospitality hybrid business, multi-generational living, or divided lots in Franklin Grove, Illinois, located in Lee County.
Key Highlights
Multi‑building estate: 1913 renovated main house plus two additional custom‑built homes.
Main house: 10,000+ sq ft, 6 bedrooms, meticulously renovated with historic character and modern amenities.
Carriage house: 2,300 sq ft, full kitchen, king suite with spa bath, private deck, and 5‑car heated garage.
Property Analytics
Property Profile
Current Use
Lincoln Way Stay ...Hotel & Motel
Suggested Use
Top PickParking Lot & GarageBuilding SupplyAuto Repair Shop(Bike/Boat/Book/etc) StoreGrocery & Convenience StoreCafe & Coffee Shop
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
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 61031, IL
1,430
Population
654
Households
2.2
Avg Household Size
46
Median Age
26%
College-Educated
94%
High-School Grad
44.9 sq mi
ZIP Area
32
Density / Sq Mi
$74,050
Median Household Income
$39,907
Median Earnings
$822
Median Rent
$148,600
Median Home Value
Questions? Ask Rey
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Mixed-use property - A multi-building estate with a renovated residence and custom homes.
Where is this mixed-use property located?
The property is located at 409 N State Street Franklin Grove, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Multi‑building estate: 1913 renovated main house plus two additional custom‑built homes.; Main house: 10,000+ sq ft, 6 bedrooms, meticulously renovated with historic character and modern amenities.; Carriage house: 2,300 sq ft, full kitchen, king suite with spa bath, private deck, and 5‑car heated garage.