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    OFF-MARKET
    Hospitality properties

    15 Mill St, Elsah, IL 62028

    Built 1986
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Green Tree Inn of Elsah Bed & Breakfast Restaurant
    • Green Tree Inn Bed and Breakfast Bed & Breakfast Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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