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1000 Calhoun Street, SAVANNA, IL 61074
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$899,000
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Home Details for 1000 Calhoun Street
Price
$899,000
Type
Commercial/Industrial
Year Build
2003
Sq. Ft.
4800
Lot Size
11
County
Carroll
Tax
$13,272
MLS®️ Listing#
202405518
On exitrealty.com
254 days
Property Description
What an opportunity to capitalize on the popular vacation rental business with this 11 +/- acres overlooking the Mississippi River and the Savanna-Sabula bridge with 10 vacation rental cabins and a strong rental history! A paved road ascends up the bluff with each cabin perfectly placed to maximize the Mississippi River views. Each cabin has a similar design and all are being sold fully furnished to include two queen beds, living room sets, kitchenettes and heating and air conditioning units. An additional building near the entrance of the property serves as a laundry and storage facility. The property has a strong rental history and, with every cabin booked nearly every weekend and frequent bookings during the week as well. The entire booking process has been automated and currently has an excellent cleaning staff to make sure the cabins are ready for the next check in. This is an excellent real estate investment for those looking for a near double digit rate of return and a property with major appreciation upside as there are only so many privately owned Mississippi River view like this one. With so many local attractions including nearby Galena, Chestnut Mountain Ski Resort, endless hunting and fishing opportunities, golf courses, state parks, etc-Northwest Illinois will continue to thrive as a popular destination for visitors and is less than 3 hours from downtown Chicago, around 2 hours to Madison WI, and only an hour to the Quad Cities. Call today to see the impressive income history and set up a showing on this impressive, high income vacation rental property!
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Presented by: BRANDON C BEYER
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the NorthWest Illinois Alliance of REALTORS®. IDX information is provided 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 purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2025 NorthWest Illinois Alliance of REALTORS®. All Rights Reserved.
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EXIT PROFESSIONAL REAL ESTATE
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$899,000
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EXIT PROFESSIONAL REAL ESTATE
901 Highway 69, New Glarus, WI 53574