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1109-1111 Sunset Drive, East Peoria, IL 61611

$2,500,000

4 bed | 0 sq ft
MLS# 1252381
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This exceptional 26.8-acre waterfront property offers a unique investment opportunity with multiple revenue streams.

The luxurious vacation rental home, built in 2019, spans 4,839 sqft and features 4 bedrooms, 4.5 bathrooms, 3 floors, and a 2-car garage. It frequently rents on Airbnb for $475 per night and offers stunning marina views, and sunsets over the river from the living room and oversized hot tub. The 3,342 sqft restaurant/bar, formerly operated as Charlie's On Sunset Cove, generated nearly $1.5 million in revenue with a net profit of almost $300,000 in its first year in 2023. It was just closed a few weeks ago by the owner to prepare for sale. It boasts a nicely furnished dining area, a perfectly situated bar, and a back patio with stunning views of the marina and river. The marina includes a boat ramp, and has a sandy beach on the river. The boat docks could be re-installed, and the marina re-activated, to generate income from boat parking. The 7,500 sqft barn provides ample storage for boats, jet skis, or maintenance equipment, or could be rented out for extra income. There is also an additional 10 acres on the north part of the property, offering many possibilities for development, such as a campground. The property consists of two parcels: 1111 Sunset Drive, a 2-acre parcel where the house is at, and 1109 Sunset Drive, a 24.8-acre parcel with the restaurant, marina, barn, and additional 10 acres.

Property Details

City
East Peoria
County
Woodford
Subdivision
Not Available
Schools
  • Metamora
Type
Land
Exterior
  • Barn(S)
  • Garage
  • Machine Shed
  • Residence
New Construction
No
Zoning
Commercial
Bedrooms
4
Livable Square Ft.
4,839
Apx Lot Size
26.8 Acres
Year Built
2019

Features

Exterior
  • Barn(S)
  • Garage
  • Machine Shed
  • Residence
Water/Sewer
  • Private Well
  • Septic System
Exterior Amenities
  • Barn(S)
  • Garage
  • Machine Shed
  • Residence
Miscellaneous
  • Riparian Rights
Utilities Available
  • Cable Available
  • Electricity Available
  • Other

Financials

2023 Taxes
10134
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of Brilliant Real Estate, Jared Litwiller, as of 09/08/2024 15:15pm exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.