1000 Calhoun St, Savanna, IL 61074-1301
This exceptional turnkey motel opportunity presents 10 fully furnished cabins nestled on 11 acres overlooking the Mississippi River and the Savanna-Sabula bridge in Savanna, Illinois. Built in 2003, this 4,800 square foot property boasts a strong rental history, with nearly every cabin booked on weekends and frequent weekday bookings. Each cabin features a similar design, including two queen beds, living room sets, kitchenettes, and heating and air conditioning. An additional building serves as a laundry and storage facility. The automated booking process and dedicated cleaning staff ensure smooth operations. This investment offers a potentially high rate of return and significant appreciation potential, given the limited availability of comparable Mississippi River view properties. The property's location offers easy access to numerous attractions, including Galena, Chestnut Mountain Ski Resort, and various recreational opportunities. Its proximity to Chicago, Madison, WI, and the Quad Cities further enhances its appeal. The sale includes all furnishings. This is a rare opportunity to acquire a well-established, high-income generating vacation rental property. Financial records are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.