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    OFF-MARKET
    Hotels

    1000 Calhoun St, Savanna, IL 61074-1301

    420 SF 10.11 ac lot Built 2003
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-3611902
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL/MOTEL
    Year built 2003
    Total area 420 SF
    Lot 10.11 ac (440,392 SF)
    APN 08-07-04-200-010
    UPID US28-3611902
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    RUSTIC RIVER LLC
    RUSTIC RIVER LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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