Commercial Real Estate in Illinois available for sale
Airbnb Properties For Sale

Airbnb Properties for Sale in Illinois, USA

More details for 27717 W Grass Lake Dr, Spring Grove, IL - Multifamily for Sale

The Lake-Heim — Turnkey 3-Unit Waterfront STR - 27717 W Grass Lake Dr

Spring Grove, IL 60081

  • Airbnb Property
  • Multifamily for Sale
  • $1,063,868 CAD
  • 2,760 SF
  • Air Conditioning
  • Dock
  • Private Bathroom
  • 24 Hour Access
  • Kitchen
  • Smoke Detector

Spring Grove Multifamily for Sale

The Lake-Heim is a turnkey, income-producing waterfront compound on Grass Lake, part of the Fox Chain O'Lakes system roughly 50–60 miles northwest of Chicago. This is not just a rental property and not just a lake house — it is a rare combination of documented short-term-rental income, irreplaceable waterfront land, and multiple ways to own. Seller-provided Airbnb statements show approximately $60,423 in 2025 gross income, up roughly 25% year over year, across only about 393 booked nights (~36% occupancy) — leaving a clear, quantifiable runway. Three fully furnished units (two hold Airbnb "Guest Favorite" status) sleep up to 12 and operate independently under the established "The Lake-Heim" brand. The property sits on approximately 1.1 acres with about 131 feet of private walk-in sand-beach frontage — uncommon on the Chain — plus a private pier, covered gazebo, paver firepit patio, sand volleyball court, RV/boat storage, and canoe/kayak access. There are four full baths on the property; a bonus room (former laundry with its own full bath) takes it to up to 5 BR / 4 BA, and a former legal, conforming 4th-cottage site offers rebuild potential (subject to buyer verification and municipal approval). A buyer can continue and optimize the STR operation, owner-occupy one unit and rent the others, hold it as a multi-generational family compound, or pursue expansion or a 1031 exchange. The asset is best evaluated on gross-revenue-multiple (~12.4×) and price-per-frontage-foot (~$5,724); an illustrative value-add path toward ~55% occupancy projects ~$45,892 NOI (~6.1% cap) at the asking price. Full offering memorandum available to qualified buyers. All information seller-provided and deemed reliable but not guaranteed; buyer to verify. Full Offering Package: https://jasoncre.com/the-lake-heim/ Short-term rental, Airbnb, vacation rental, waterfront, lakefront, Grass Lake, Chain O'Lakes, Fox Lake, Spring Grove, Lake County, multifamily, cottage compound, turnkey, income-producing, value-add, owner-user, sand beach, private pier, boat access, fishing, redevelopment, 1031 exchange, hospitality, lodging, mixed-use lifestyle. Chain O'Lakes waterfront for sale, Grass Lake Illinois lakefront property, short-term rental investment Illinois, Airbnb business for sale Illinois, turnkey vacation rental, STR investment property, lakefront cottage compound, multifamily waterfront, owner-user lakefront, sand beach property, private pier, boat dock, Lake County commercial real estate, Spring Grove IL investment property, Fox Lake area rental, lake house investment, cash-flowing Airbnb, vacation rental portfolio, 1031 exchange lakefront, family lake compound, income-producing waterfront, Chain O'Lakes investment, fishing lake property, redevelopment opportunity Illinois. https://jasoncre.com/the-lake-heim/

Contact:

RE/MAX Commercial

Property Subtype:

Apartment

Date on Market:

2026-06-23

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More details for 701 Monroe Ave, Charleston, IL - Office for Sale

701 Monroe Ave

Charleston, IL 61920

  • Airbnb Property
  • Office for Sale
  • $154,636 CAD
  • 6,560 SF
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More details for 1 Main St, Albion, IL - Retail for Sale

1 W Main Street, Albion, IL - 1 Main St

Albion, IL 62806

  • Airbnb Property
  • Retail for Sale
  • $407,870 CAD
  • 3,516 SF
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More details for 154-190 N Merchant St, Decatur, IL - Retail for Sale

160-190 N. Merchant Street - 154-190 N Merchant St

Decatur, IL 62523

  • Airbnb Property
  • Retail for Sale
  • $702,247 CAD
  • 17,784 SF

Decatur Retail for Sale

Historic mixed-use investment opportunity in the heart of Downtown Decatur. Located at 160–190 N. Merchant Street, the 'Post Building', originally constructed in 1888, is a three-story brick storefront property situated at the corner of Merchant Street and Prairie Avenue, surrounded by downtown dining, boutiques, entertainment, offices, public services, and civic activity. The building includes a mix of restaurant, retail, office, and residential uses, offering both stabilized income potential and upside through lease-up of available space. The property totals approximately 12,291 square feet and features multiple street-level commercial spaces, upper-floor office/flex space, and a furnished apartment currently used for corporate housing and short-term rental guests. The first floor is configured for two storefront commercial spaces and common area with elevator and staircase. Street level spaces include Goodfella's Cigars and a vacant restaurant space that was longtime home to downtown pizza and pub operation. Upper levels spaces include an office lease, Taproot Restaurant, and residential loft. Existing tenants and uses create a diversified income profile, while the vacant restaurant space provides an immediate value-add opportunity. The second floor includes restaurant/bar improvements and dining areas, while the third floor offers flexible office or studio space with strong natural light, downtown views, elevator access, and walk-up stair access. The furnished apartment includes modern finishes, kitchen, bathroom, and living space, supporting continued use as corporate housing, short-term rental, or traditional residential tenancy. The building benefits from recent updates, functional mixed-use layout, separately metered gas and electric service. Situated in the Decatur Central TIF District - the downtown area has seen continued public and private reinvestment, including streetscape improvements, parking enhancements, and ongoing redevelopment activity. The buildings historic character, central location, multiple income streams, and available lease-up upside, the Post Building offers a rare opportunity to acquire a recognizable downtown asset with both current utility and long-term repositioning potential.

Contact:

Main Place Real Estate

Date on Market:

2026-05-14

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More details for 1326 W Ohio St, Chicago, IL - Multifamily for Sale

1326 W Ohio St

Chicago, IL 60642

  • Airbnb Property
  • Multifamily for Sale
  • $1,773,350 CAD
  • 2,700 SF
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More details for 163 W. Division / 1143 N. Wells – Retail, Flex for Sale, Chicago, IL

163 W. Division / 1143 N. Wells

  • Airbnb Property
  • Multifamily for Sale
  • $4,646,177 CAD
  • 6,145 SF
  • 7 Multifamily Properties
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More details for 1162 School St, Percy, IL - Retail for Sale

1162 School St

Percy, IL 62272

  • Airbnb Property
  • Retail for Sale
  • $390,137 CAD
  • 3,032 SF
  • Air Conditioning
  • Conferencing Facility
  • Restaurant
  • Wheelchair Accessible

Percy Retail for Sale

Formerly the well-known Pioneer’s Cabin, this rare and versatile property sits on 2.04 acres and offers multiple potential uses. Rich in history and rustic character, the building is ideally suited for a hunter’s and fisherman’s retreat, private lodge, or income-producing Airbnb catering to duck, goose, and deer hunters as well as anglers. Located near Pyramid State Park and just 20 minutes from the World Shooting & Recreational Complex, this property is positioned in the heart of Southern Illinois outdoor recreation. The property also presents the opportunity to revive Pioneer’s Cabin as a destination restaurant, bringing back the family-style dining experience it was once known for. Alternatively, the space could be reimagined as a single-family residence or transformed into a standalone bourbon room or rustic entertaining venue, preserving the lodge-style atmosphere. These uses are presented as separate options, allowing a buyer to tailor the property to their vision. Equipped with extensive commercial-grade features, the property includes one walk-in freezer, two walk-in coolers, Ansul fire suppression system, salad bar prep table, two 5-steam-burner tables, metal prep tables, fryer, 6-burner commercial stove, Turbo Air freezer, three-door commercial refrigerator, and two three-tub sinks. Recent updates include new plumbing and a new deck, with three sheds providing additional storage. With its strong recreational draw, established infrastructure, and flexible potential, this unique property is ready for its next chapter. Age of the building: 1984 Square Footage: 3530 (source: County) Lot Size: 2.04 (source: County) Heating: Gas Cooling: Gas Water Heater: Gas Roof: Shingle Fireplace: Wood Utility Providers: Water ~ Village of Willisville Sewer ~ Septic Electric ~ Ameren Gas ~ Ameren Drive Times: SIU College: 36 minutes World Shooting Complex: 28 minutes Pyramid State Recreation Area: 21 minutes Room Dimensions: Room 44’ x 23’1” Kitchen 19’7” x 15’ Utility Room 11’3” x 5’8” Hall 3’5” x 4’7” Bathroom 11’3” x 4’1” Bathroom 7’6” x 4’7” Serving Area 35’2” x 23’1” Pantry 8’9” x 5’11” Laundry 7’8” x 5’11” Hall 4’4” x 4’ Bathroom 5’11” x 5’11” Bathroom 6’4” x 5’11” Room 29’9” x 14’11” Room 8’3” x 7’4” Room 18’6” x 8’4” Room 11’6” x 16’4” Room 6’11” x 16’4” Title Company: Arbeiter Law Office Financing: Cash Conventional Directions: GPS Friendly Legal Description: TWN 06 RNG 04 SECTION 30 PT NE NE Parcel(s): 1-64-0210-311 Taxes: $3102.20

Contact:

Property Peddler Inc

Property Subtype:

Restaurant

Date on Market:

2026-01-21

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More details for 120 Walnut St, Washington, IL - Retail for Sale

120 Walnut Street Washington - 120 Walnut St

Washington, IL 61571

  • Airbnb Property
  • Retail for Sale
  • $297,781 CAD
  • 3,750 SF
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More details for 642 N Dearborn St, Chicago, IL - Multifamily for Sale

642 N Dearborn St

Chicago, IL 60654

  • Airbnb Property
  • Multifamily for Sale
  • $2,908,294 CAD
  • 6,100 SF
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More details for 140 Washington Sq, Washington, IL - Retail for Sale

Tangled Roots Craft Beer & Kitchen - Tenant - 140 Washington Sq

Washington, IL 61571

  • Airbnb Property
  • Retail for Sale
  • $6,951,532 CAD
  • 10,510 SF

Washington Retail for Sale - Outlying Tazewell County

**Investment Opportunity: Tangled Roots Beverage Company Triple Net Leased Building - Washington, Illinois** Presenting a premier investment opportunity in the heart of downtown Washington, Illinois: the Tangled Roots Beverage Company building. This stunning property, undergoing a multimillion-dollar renovation, stands as a testament to modern design while contributing to the vibrant character of the town square. At the forefront of this investment is the first-floor restaurant, designed to attract a diverse clientele with its upscale finishes and inviting ambiance. The extensive renovations promise not only aesthetic appeal but also functionality, ensuring that the restaurant thrives in a competitive market. The second floor hosts a lively brew pub complemented by a rooftop bar that offers breathtaking views and a unique social atmosphere. These spaces are designed to maximize foot traffic and patron engagement, providing a robust revenue stream for years to come. One of the standout features of this property is the eight-year lease agreement with Tangled Roots, beginning April 20, 2025, which includes a five-year option for renewal. This long-term commitment provides stability and peace of mind for any investor, ensuring a steady income source while reducing tenant turnover risks. Additionally, the building houses four luxurious Airbnb residential units, each meticulously renovated to provide guests with upscale accommodations in a prime location. With high demand for short-term rentals in the area, these units promise consistent occupancy and profitability. Surrounded by a variety of businesses in a bustling square, this investment property is not just a restaurant; it is a multifaceted hub designed for growth and profitability. With Tangled Roots Beverage Company as your tenant, this investment assures sound returns in a thriving community. Explore the potential of this remarkable piece of architecture—an investment that embodies both aesthetic appeal and lucrative opportunities in Washington, Illinois.

Contact:

Brummel Properties

Property Subtype:

Restaurant

Date on Market:

2025-11-25

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More details for 876 W State St, Jacksonville, IL - Hospitality for Sale

Villa DeWolf - 876 W State St

Jacksonville, IL 62650

  • Airbnb Property
  • Hospitality for Sale
  • $1,134,802 CAD
  • 11,982 SF

Jacksonville Hospitality for Sale

Villa DeWolf – Historic Italianate Estate | 876 W State Street, Jacksonville, IL 62650 Step into history with Villa DeWolf, a masterfully restored 1857 Italianate mansion located in the heart of Jacksonville, Illinois. With over 7,100 square feet of refined living and hospitality space, this iconic property blends architectural grandeur, modern systems, and strong investment potential. This stately estate features seven en-suite suites, ten fireplaces, and a sweeping grand foyer anchored by a suspended staircase and ornate millwork. Originally built as a private residence and later operated as Villa DeWolf Bed & Breakfast, the property has hosted guests from around the world. Each room tells its own story, adorned with intricate detail - from the rare “Monuments of Paris, 1820” wallpaper to the timeless brick façade and manicured 1-acre grounds. Investment Opportunity - Villa DeWolf offers multiple pathways for income and appreciation, making it ideal for investors seeking a 1031 Exchange property, value-add hospitality asset, or unique portfolio acquisition. 1031 Exchange Eligible: Because the property has been operated as a Bed & Breakfast, producing consistent annual revenue, it fully qualifies as an income-producing asset under IRS 1031 Exchange guidelines. Buyers looking to defer capital gains through the acquisition of a like-kind property can do so while investing in a historic, income-generating estate. High-Vacancy Value-Add Potential: The property is currently underutilized, operating well below its capacity — classifying it as a high-vacancy opportunity with significant upside. With seven rentable suites, event space, and grounds suitable for weddings or retreats, there’s potential to expand operations dramatically through professional management, marketing, and partnerships with local tourism boards or universities. Bed & Breakfast or Boutique Hospitality Use: For owner-operators, Villa DeWolf presents a turnkey opportunity to revive or rebrand the existing Bed & Breakfast business. The estate’s layout supports both private living quarters and guest accommodations. Common areas such as the great hall, library, and sunroom offer multiple hosting spaces, while the updated kitchen, dining areas, and carriage house enhance operational flexibility. Property Highlights 7,104± sq. ft. of finished space on 1.08 acres 7 private suites, each with a unique layout and restored bath 10 fireplaces, original millwork, and Italianate detailing throughout Historic suspended staircase and imported wall coverings Updated systems, roof, and mechanicals for modern functionality Detached 3-car garage and carriage house with additional potential Zoned for mixed or residential use, allowing continued hospitality operations Located near Illinois College, healthcare facilities, and historic downtown Jacksonville Financial Overview: According to 2023 financials, Villa DeWolf Bed & Breakfast generated approximately $49,840 in gross revenue, with $22,206 in operating expenses, resulting in a Net Operating Income (NOI) of $27,634 At the current asking price of $989,876, this reflects an approximate cap rate of 2.8% - with clear opportunity to increase revenue through improved occupancy and diversified event offerings. Potential pro forma models show that with modest increases in bookings and utilization of the estate for weddings, corporate retreats, or weekend events, the NOI could realistically double or triple within two years under active management. Market & Location: Jacksonville, Illinois, located approximately 35 miles west of Springfield, is a vibrant small city known for its deep historical roots, universities, and cultural attractions. Its stable tourism sector, combined with proximity to major highways and regional population centers, provides a sustainable foundation for boutique hospitality ventures. The surrounding area supports consistent visitor traffic from alumni events, weddings, and business travel tied to Illinois College and nearby Memorial Health facilities. Investors can take advantage of both short-term rental platforms and traditional hospitality channels to expand reach. Operational Flexibility, Villa DeWolf can serve as: A turnkey Bed & Breakfast or boutique inn, A luxury short-term rental or corporate retreat venue, A private residence with event-hosting income, A strategic 1031 replacement property with tangible appreciation potential The property’s zoning and condition allow immediate operation under multiple investment strategies, whether owner-managed or professionally staffed. Villa DeWolf represents a rare combination of history, beauty, and financial potential. With its proven income track record, high-vacancy repositioning opportunity, and eligibility for 1031 Exchange acquisition, it offers exceptional upside for discerning investors and hospitality entrepreneurs. Whether reimagined as a boutique inn, luxury retreat, or landmark residence, Villa DeWolf stands ready for its next chapter — an opportunity to own a piece of Illinois history that also performs as a modern investment.

Contact:

L. Merrick Group | Keller Williams Pinnacle

Property Subtype:

Bed and Breakfast

Date on Market:

2025-10-29

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More details for 5017 S Drexel Blvd, Chicago, IL - Multifamily for Sale

5017 S Drexel Blvd

Chicago, IL 60615

  • Airbnb Property
  • Multifamily for Sale
  • $5,958,456 CAD
  • 17,800 SF
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More details for 2022-2026 W 95th St, Chicago, IL - Office for Sale

2022-2026 W 95th St

Chicago, IL 60643

  • Airbnb Property
  • Office for Sale
  • $1,340,653 CAD
  • 7,575 SF
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More details for 295 Panthers Den Rd, Makanda, IL - Hospitality for Sale

Rocky Comfort Cabins - 295 Panthers Den Rd

Makanda, IL 62958

  • Airbnb Property
  • Hospitality for Sale
  • $1,702,416 CAD
  • 3,000 SF
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More details for 18967 N US Highway 51, Elkville, IL - Flex for Sale

Route 51 Brewing Company - 18967 N US Highway 51

Elkville, IL 62932

  • Airbnb Property
  • Flex for Sale
  • $2,546,531 CAD
  • 23,500 SF

Elkville Flex for Sale

Route 51 Brewing Company is a 19,000 SF two-level brewery, concert venue, and banquet center with an attached 4,500 SF lean-to beer garden, situated on 7.37 acres along the high-visibility IL Route 51 corridor in Southern Illinois — a rare, turnkey, cash-flowing entertainment complex including all real estate, furniture, fixtures, and equipment. The facility features ADA-compliant men’s and women’s restrooms with custom keg urinals and ceramic tile flooring, an 800-amp 3-phase electrical service, a 10’×10' overhead recessed loading dock, 200 LED-lit parking spaces, and a 10 BBL direct-fire brewhouse complete with a 20-tap custom tap tower, an additional 14-tap tower, a 44-foot custom copper bar with drain pans and rinsers, and all custom saw blade and pipe-threaded furniture throughout. The fully equipped commercial kitchen includes two 40 lb deep fryers, a 6-burner stove, a Blodgett double-stack convection oven, a 1,600 lb/day Manitowoc ice machine, a 32’×15' walk-in cooler, and a custom food truck pickup window — with proven on- and off-site catering capacity for events exceeding 1,000 guests. The 6,300 SF banquet hall accommodates up to 299 licensed guests with 12-foot ceilings, a 32-foot Brazilian granite bar, direct commercial kitchen access, and a proven track record hosting hundreds of weddings, corporate events, and community gatherings. The nationally recognized concert venue boasts a 12’×28' permanent stage, a Midas M32 professional digital mixing console, a 8 box line array sound system, full DMX-controlled stage lighting with iPad controls, established relationships with national touring agencies, and three on-site furnished short-term rental suites with electronic keypad entry and Airbnb/VRBO income potential. With five distinct operational revenue streams and all FF&E included from day one, this is a truly turnkey opportunity — contact broker for financials. Located off of IL Route 51, a well-traveled corridor connecting the Du Quoin and Carbondale markets. This site is home to Route 51 Brewing Company & Banquet Center, giving the property an established hospitality presence and destination appeal. Its inclusion in Southern Illinois beer-tourism promotions and proximity to the broader Wine & Beer Trail of Southern Illinois further enhance its visibility, drawing both local and regional visitors traveling the area’s popular brewery and winery routes.

Contact:

BarberMurphy Group

Date on Market:

2026-04-15

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More details for 11489 E Clarksville Rd, Marshall, IL - Retail for Sale

11489 E Clarksville Rd

Marshall, IL 62441

  • Airbnb Property
  • Retail for Sale
  • $263,733 CAD
  • 2,276 SF
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More details for 902 N Main St, Princeton, IL - Retail for Sale

902 N Main St

Princeton, IL 61356

  • Airbnb Property
  • Retail for Sale
  • Price Upon Request
  • 9,200 SF

Princeton Retail for Sale

Right in the heart of Princeton's lively Art District, this two-story commercial building is brimming with character and potential. The Prairie and Sullivanesque influences are a perfect juxtaposition to the near floor to ceiling front windows, allowing for a bit of today and yesterday to be intertwined. With nearly 9,400 square feet of space, it's the perfect canvas for a visionary looking to bring new energy to this thriving community. The property is designed for multiple uses under one roof-think boutiques, galleries, co-working spaces, studios, cafes, and more. On the second floor, there are two short-term or long term rental units, one already operating successfully as an Airbnb, providing instant income while other parts of the building take shape. Many of the major projects have already been completed. A new roof was installed in 2020, and in 2022 a whole-building rooftop HVAC unit was added to ensure modern comfort. Electrical systems have been improved on both the first floor and in the upstairs apartment foyer. The second floor has been outfitted with new windows, except for the finished apartment, which already had updated windows in place. The back of the building now features new glass doors, and the storefront windows and doors have had broken glass replaced. Inside, partitions have been added on both floors, setting the stage for future offices, apartments, or creative flex spaces. Even the basement has been gutted of its old walls, offering a clean slate for new possibilities. While some projects remain, the most significant updates have already been tackled, leaving behind a strong foundation ready for the next chapter. Whether you envision art studios paired with gallery space, a cafe that spills into a creative workshop, or a destination that blends multiple uses, this historic property is ready to become a cornerstone of Princeton's thriving Art District.

Contact:

Landmark Realty

Date on Market:

2026-07-01

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