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    OFF-MARKET
    Land

    1583 Spring Bay Rd, East Peoria, IL 61611

    228 ac lot Built 2021
    Property ID
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire the Sankoty Lakes Resort, a fully operational, turnkey recreational property encompassing 228 acres in Woodford County, Illinois. This unique destination boasts three man-made lakes (depths up to 60 feet) fed by the Sankoty Aquifer, providing consistently cool, spring water ideal for the stocked trout, walleye, and crappie populations. A mile-long trout stream further enhances the fishing opportunities. The resort features 20 glamping tents, two ADA-compliant cabins (908 sq ft each), and 21 RV sites, all fully furnished and climate-controlled. The impressive Woolly Bugger Restaurant (3,850+ sq ft) includes a large 9,000 sq ft outdoor patio, perfect for events and gatherings. Supporting infrastructure includes a renovated 3,300 sq ft laundry facility with offices and storage, a 10,000+ sq ft Outfitters Building serving as maintenance/warehouse, and a 765 sq ft boat launch storage building. Additional buildings include a 320 sq ft guard entrance and a worker's trailer. The property is zoned for commercial use and has existing infrastructure prepared for an additional 26 cabins/tents. Access to the Illinois River adds another dimension to this exceptional recreational and corporate retreat opportunity. The property was primarily constructed in 2020-2021. Asking price is $5,500,000 ($25,000/acre).

    Property profile
    Verified
    Property type Land
    Year built 2021
    Lot 228 ac (9,931,680 SF)
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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