Property profile

1304 Kratzinger Hollow Rd Cobden, IL 62920

OFF-MARKET
Land
Property ID
US28-5064274
Built 2006
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Property summary

AI-generated overview

This exceptional investment opportunity presents a five-unit multifamily property located at 1304 Kratzinger Hollow Road, Cobden, IL 62920. The property, known as "BOAR'S NEST," consists of five spacious studio-type cabins built in 2006. This established business has operated successfully as a tourist destination in Union County for several years, offering a turnkey operation for a new owner. The asking price is $320,000. The property is comprised of five individual buildings, each a separate unit, situated on a quiet lot. The well-built cabins are ready for immediate occupancy and continued operation. This is an ideal investment for those seeking a profitable, established business with minimal startup costs. The property's location in Cobden, Illinois, provides easy access to local attractions and amenities. Serious inquiries are encouraged to schedule a private showing to fully appreciate this unique opportunity. Please schedule appointments in advance to avoid disrupting current operations.

Property profile

Verified
Property type Land
Year built 2006
UPID US28-5064274

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

Location

1304 Kratzinger Hollow Rd Cobden, IL 62920
Cobden 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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