Property profile

15 Mill St Elsah, IL 62028

OFF-MARKET
Hospitality properties
Built 1986
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Property summary

AI-generated overview

This exceptional bed and breakfast opportunity in Elsah, Illinois, presents a unique blend of historic charm and modern amenities. The property includes a main inn with five guest rooms, each featuring an ensuite bath. A former sixth guest room, currently used as a gift shop/antique room, offers potential for additional income. The .9-acre lot (200' x 200') also encompasses a spacious, separate owner's home built in 1986, boasting two bedrooms, 2.5 baths, an office, library, kitchen, and living room. The main inn, constructed in 1992, complements the owner's residence, both thoughtfully designed within the context of Elsah's historic setting. The property includes a separate garage with loft storage, offering potential for conversion or alternative use. Outdoor amenities include mature gardens, a labyrinth, and a newly constructed gazebo ideal for small events. The inn's location in the heart of Elsah, the first village nationally registered as a historic place, provides unparalleled access to local attractions, including Farley's Music Hall and the Village of Elsah Museum. Its proximity to Principia College ensures a consistent stream of guests. The property's combination of historic charm, modern conveniences, and strategic location makes it an attractive investment for those seeking a thriving hospitality business in a unique and desirable setting. The property also benefits from the strong support of a local tourism committee actively promoting business ventures in the area. The nearby Mississippi River and its recreational opportunities, along with the proximity to St. Louis, further enhance the property's appeal and potential for growth.

Property profile

Verified
Property type Hospitality properties
Year built 1986

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bed & Breakfast Restaurant
  • Bed & Breakfast Restaurant

Location

15 Mill St Elsah, IL 62028
Elsah metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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