1109-1111 SUNSET Drive, East Peoria, IL 61611

• 4 beds
• 4,839 sqft

Property Description

This exceptional 26.8 acre waterfront property offers an 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 rents on Airbnb for $475/night and offers stunning views of 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 profit of almost $300,000 in its first year in 2023. It was closed to prepare for sale. It boasts a beautifully furnished dining area, a bar, and a back patio with views of the marina and river. The marina includes a boat ramp, and has a sand beach on the river. The boat docks could be re-installed, to generate income from boat parking. The 7,500 sqft barn provides storage for boats, jet skis, or maintenance equipment, or could be rented out for extra income. There is an additional 10 acres on the north part of the property, offering many possibilities, such as a campground. The property consists of 2 parcels: 1111 Sunset Drive, a 2-acre parcel where the house is at, and 1109 Sunset Drive, a 24.8-acre parcel with restaurant, marina, barn, and the other 10 acres. *Agent Interest*

Listing Status:

Active

Listing Office:

Freedom Realty : 309-321-8167

Listing Agent:

Jared Litwiller : 309-840-5983

MLS ID:

PA1260229

Exterior

• General: Barn(s)GarageMachine ShedSecond Residence

Location

• HOA Amenities: Cable TV
• Originating MLS: rmlsa
• County: Woodford

Lot

• Zoning: CommercialDIST:07 CITY/MUNI/TWP:SPRING BAY SEC/TWN/RNG/MER:SEC 35 TWN 27N RNG 04W T27N07-35-301-024

Utilities

• Utilities: Electricity AvailableOther
• Water: PrivateSeptic System

Financial

• Source: rmlsa

This listing courtesy of Jared Litwiller, Freedom Realty