1355 State Rte 17, Lacon, IL 61540-8805

This unique investment opportunity in Lacon, Illinois presents a 2-acre property with significant potential for redevelopment or repurposing. The property, located at 1355 E State Route 17, includes three buildings constructed in 1986 and currently features thirteen units, originally configured as a motel. One unit offers two bedrooms, two bathrooms, and a full basement, ideal for an on-site owner or manager. The property also includes a large bar/restaurant/clubhouse area requiring renovation or repurposing. The expansive 2-acre lot provides ample space for parking or future expansion. This property boasts an excellent location, overlooking the scenic Marshall County airport and situated less than a mile east of Lacon, Illinois, in Marshall County, zip code 61540. The asking price is $275,000. This presents a rare chance to acquire a substantial property with considerable upside in a desirable location. The property's versatility allows for a variety of uses, making it an attractive investment for both experienced and emerging developers. The existing infrastructure provides a solid foundation for a range of projects, from residential conversions to commercial ventures. The potential for significant return on investment is substantial, given the property's size, location, and the opportunity for creative redevelopment.