"Triangle" adj. to Six Flags, divisible site - Interstate 94

Gurnee, IL 60031

• Motel
• Land for Sale
• Price Upon Request
• 44.18 AC Lot

Gurnee Land for Sale - Far North

Development friendly Village of Gurnee is seeking a developer or end users to create a mixed-use entertainment site complementary to nearby Six Flags Great America, Great Wolf Lodge, and Simon-owned Gurnee Mills. With 23 million annual visitors, Gurnee, Illinois, is a premier tourism destination halfway between Chicago and Milwaukee! Join us in turning this highly visible land site on Interstate 94 into a mixed-use entertainment destination! A master developer for this site will enjoy municipal support for a plan that combines retail, entertainment and dining with some multi-family. The Village of Gurnee is proud to collaborate with the (one) property owner to bring this vision to reality by offering $4M in infrastructure assistance, no municipal property tax, a streamlined entitlement process, and the opportunity for further incentives for anchor tenants. Note that the site is fully served by utilities, at the site, adequately sized to support this plan.

Contact:

Village of Gurnee

Property Subtype:

Commercial

Date on Market:

2023-04-05

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Long-standing Rest. & Event Space for Sale - 2973 N Il Route 71

Ottawa, IL 61350

• Motel
• Retail for Sale
• $2,344,089 CAD
• 15,384 SF

• Conferencing Facility
• Restaurant
• Wheelchair Accessible

Ottawa Retail for Sale - I-39 Corr/LaSalle County

Positioned right off Route 71 and minutes from I-80, you aren't just buying real estate; you are inheriting an 80-year legacy of hospitality and a front-row seat to millions of annual regional tourists. This property features 8.37 acres of improved land with 9,984 sf established supper club style restaurant, a 3,600 sf retail store, and a 1,800 shop on the parcel - along with a pond. Within Ottawa's city limits, the property is eligible for EZ benefits and some city utilities. The original 2-story barn houses much of the main restaurant and dining areas, lobby/foyer, raised floor bar area, kitchen and prep areas and back office space. There are 2 ADA restrooms on the 1st floor and 2 smaller restrooms on the 2nd floor in the banquet room. A newly installed outdoor 560 sf covered patio offers scenic views of the property and is right off of the bar and lobby areas. With seating for a comfortable 160 in the main dining areas, the upstairs banquet area hosts another 120 guests, offers a wet bar, a 2nd kitchen, fixed salad bar/buffet and small dance floor. The large, fixed salad bar/buffet that makes Hank's unique is located just off of the kitchen in the main dining area. Seating includes flexible table options and booths throughout. The main kitchen features a large walk in fridge and walk-in freezer while the back storage areas include a back office, employee restroom additional office restroom, loading dock, and laundry dock. Many recent upgrades in 2020 include new AC units, new windows on both floors, new flooring in the main floor, front foyer upgrades and the new outdoor patio. With the thoughtful decor, lighting, and gift items - you're sure to enjoy a unique dining experience in the gateway to Starved Rock. BUSINESS IS FULLY OPERATIONAL - PLEASE DO NOT DISTURB STAFF, CALL BROKER. The interior features authentic, heavy timber framing and rich wood tones that immediately establish a warm, rustic atmosphere, a massive selling point for the highly profitable wedding and private event market. The converted barn layout offers multiple distinct dining rooms and private banquet spaces, allowing an operator to run a high-volume public restaurant while simultaneously hosting private corporate events or weddings. Hank’s is famous for its expansive buffet and salad bar setup. The physical infrastructure—built-in hot and cold stations, wide guest pathways, and kitchen-to-floor flow—remains an invaluable asset for high-efficiency catering. The restaurant is a combination of wood-framing and concrete block while the retail store and shop are wood-framed construction. Concrete foundations throughout all three properties with some areas of the old barn having block. The retail store and shop both have metal panel exterior and roofs. This listing includes the restaurant, pond, parking lot, and gift store parcel. This parcel is within Ottawa city limits, is eligible for Enterprise Zone benefits through the Upper Illinois River Valley Development Authority, but is not eligible for TIF benefits. The restaurant is served by municipal sewer while the retail outbuildings are served by a private septic. All is served by natural gas and the a private well. Potential Uses with approval: - Weddings & Galas: Scenic pond, timber-framed barn, paved outdoor walkways could allow for a comprehensive, indoor/outdoor rustic wedding destination for Chicagoland couples looking for a Starved Rock backdrop. - Boutique Lodging: Excess acreage surrounding the central restaurant/barn could assist in developing upscale cabins, a glamping village, or a small boutique inn to capture overnight tourist spillover from Starved Rock. - Agritourism & Festivals: With deep local history as a "fauna sanctuary" with open acreage this site could also host seasonal fall festivals, craft beer gardens, farm-to-table outdoor dinners, or live music events capitalizing on Route 71 traffic. History: The 1941 Origins: Hank’s Farm originally opened in 1941, founded by Hank Mucci as a modest, beloved neighborhood tavern in nearby Naplate. Ed Allen Sr. and his wife Zelda purchased the business in 1975, turning it into a true multi-generational family enterprise that eventually spanned four generations. Looking to expand on the land's immense potential, the family relocated the business to its current Route 71 location in 1985. They masterfully converted an authentic, rustic dairy barn into a massive, character-rich restaurant and event space. Beyond the food, Hank's became famous for its sprawling, park-like grounds that served as a sanctuary for an assortment of animals—including peacocks, ducks, chickens —becoming a major agritourism draw for families.

Contact:

Coldwell Banker Commercial Real Estate Group

Property Subtype:

Restaurant

Date on Market:

2026-06-08

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21587 E Lincoln Hwy

Lynwood, IL 60411

• Motel
• Land for Sale
• $369,372 CAD
• 1.25 AC Lot

Lynwood Land for Sale - Far South

Cleared, vacant land ready for your vision at this last intersection before entering Indiana. Or first intersection upon entering Illinois. Zoned B-3, allowable uses are: restaurant - with or without a drive-thru, bank, professional offices, private school, theater, bowling alley, car dealership, bus station, convenience store, tobacco store, liquor store, grocery store, hardware store, laundry service, salons, or filling station. Or build a shopping center and put in multiple stores. The opportunities are endless. Buyer is responsible for doing their own due diligence. All uses can be found on Lynwood Village Ordinance Book.

Contact:

First In Realty, Inc

Property Subtype:

Commercial

Date on Market:

2026-05-21

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2242 Brentwood Ave

Montgomery, IL 60538

• Motel
• Land for Sale
• $546,954 CAD
• 1.40 AC Lot

Montgomery Land for Sale - Western East/West Corr

Prime investment opportunity at an extremely low price! High potential for various residential development options and ideal for commercial development. Great buy-and-hold value.

Contact:

Four Corners

Property Subtype:

Commercial

Date on Market:

2026-05-13

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Heritage Grand Inn Motel - 1150 E Linn St

Canton, IL 61520

• Motel
• Hospitality for Sale
• $2,699,253 CAD
• 20,000 SF

Canton Hospitality for Sale

***HOTEL INCLUDES OFFICE SPACE RENTALS*** Grand Heritage Inn Canton Illinois at 1150 E Linn St, Canton, IL 61520 offers a compelling hospitality investment opportunity in the heart of Central Illinois. This 41-room hotel features approximately 20,000 SF across a two-story layout on a generous 4.77-acre site, delivering scale, visibility, and operational flexibility for investors seeking an established lodging asset. Built in 1998, the property presents a welcoming exterior, spacious lobby, front desk/reception area, and comfortable guest rooms with updated, modern appeal. Ample on-site parking and a strong parking ratio further support guest convenience and day-to-day operations. Offered at $1,899,999, this asset equates to approximately $46,341 per key and $95.00 PSF, positioning it as an attractive value-add or owner-operator opportunity. The surrounding Canton market is supported by solid area demographics, with a 5-mile population of 15,143 and average household income exceeding $80,000. With its sizable land parcel, established hotel configuration, and accessible Canton location, this property is well suited for investors looking to acquire a branded or independent hospitality asset with upside potential.

Contact:

C21 AllStars, Commercial & Investment Group

Property Subtype:

Hotel

Date on Market:

2026-04-22

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Lot 8 Laraway Rd

New Lenox, IL 60451

• Motel
• Land for Sale
• $1,314,111 CAD
• 4.50 AC Lot

New Lenox Land for Sale - Joliet/Central Will

One of the few available commercial lots available with this size.

Contact:

RE/MAX 10 Commercial

Property Subtype:

Commercial

Date on Market:

2026-04-17

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Lot 7 & Lot 8 East Wilson Street Business Prk - 1025-1037 E Wilson St

Batavia, IL 60510

• Motel
• Land for Sale
• $637,876 CAD
• 0.91 AC Lot

Batavia Land for Sale - Western East/West Corr

s: Positioned in the heart of Batavia, these two commercial lots (1025 & 1037) offer an exceptional opportunity within the highly desirable Wilson Street Business Park-strategically located along one of the community's main arteries. Just one mile east of downtown Batavia, this location provides excellent accessibility, visibility, and proximity to established businesses and services. The property is surrounded by strong anchors including Northwestern Medicine medical offices, a variety of professional office users, and Heritage Woods of Batavia, creating a built-in customer base and steady traffic flow. Zoned "O" (Office), the parcels allow for a wide range of development opportunities, including general office, mixed-use with residential or retail, hotel or motel, medical or dental offices, daycare center or school, and urgent care facility, etc. This flexible zoning makes it ideal for investors, developers, or end users seeking to establish a presence in a thriving and growing community. Don't miss this rare opportunity to secure prime commercial land in one of Batavia's most active business corridors. Approx 32,000 building envelope possible.

Contact:

Baird & Warner Fox Valley

Property Subtype:

Commercial

Date on Market:

2026-04-09

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Quality Inn Macomb near University Area - 1646 N Lafayette St

Macomb, IL 61455

• Motel
• Hospitality for Sale
• $2,841,320 CAD
• 28,246 SF

• Pool

Macomb Hospitality for Sale

This is a 57-unit, interior corridor hotel located in McDonough County, Macomb, Illinois. Centrally located off IL-67 Freeway, between Peoria and Springfield, and just a few miles from Western Illinois University, the hotel offers comfortable accommodations with convenient amenities for all travelers. The hotel is a perfect opportunity for an owner-operator and is priced to sell under 3 times revenue. Recent Improvements include: All Rooms given new paint job in 2025 with new color scheme approved by Choice, interior corridor painted in 2025, installed new RFID locks on guest rooms, (3-year warranty starting November 2025) new LED lights in the parking lot & on the building. New LED fixtures in the hallways, front lobby & breakfast room. Indoor pool updated with new paint job (epoxy premium and quality paint). Installed new HVACS in multiple rooms. (As of March 2026, 40 Rooms and lobby & breakfast rooms have new units) Remaining 18 rooms have units that are efficiently performing in good condition. Macomb is a growing destination, recognized as one of the must-visit cities in Illinois. With diverse attractions such as the university, state parks, Journey Comics, and the National Scenic Byway, there are a number of demand generators despite the smaller market size. The hotel is also conveniently located near several major corporations that offer year-round job opportunities.

Contact:

Amber Hotel Company

Property Subtype:

Hotel

Date on Market:

2026-04-06

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Comfort Inn Harvey/Homewood (Chicago Suburbs) - 16900 Halsted St

Harvey, IL 60426

• Motel
• Hospitality for Sale
• $7,529,498 CAD
• 25,487 SF

• Fitness Center

Harvey Hospitality for Sale - Near South Cook

CBRE Hotels is pleased to be the exclusive agent for the sale of the fee-simple interest in the 76-room Comfort Inn in Harvey, IL. The hotel is conveniently located at the Illinois Route 1/Halsted St Exit off Interstates 294/80. Illinois Route 1/Halsted St has an Average Daily Traffic Count (ADTC) of 35,000), while Interstates 294 & 80 average 174,000, providing excellent regional connectivity to downtown Chicago. The hotel benefits from its proximity to key demand generators, including the Wind Creek Casino. Less than one mile from the hotel, the Wind Creek Casino is a $500M+ development (70,000-sqaure-foot casino) that opened in November 2024. Less than ten miles away is the Tinley Park Convention Center and Credit Union 1 Amphitheater (formerly known as the Hollywood Casino Amphitheatre). They City of Harvey has a population exceeding 20,000 and lies within the Chicago MSA which boasts a population of nearly 10 million people and is the third-largest MSA in the country. The property is less than 20 miles from Chicago Midway International Airport, less than 28 miles from downtown Chicago, and less than 7 miles from the Illinois/Indiana border.

Contact:

CBRE, Inc.

Property Subtype:

Hotel

Date on Market:

2026-03-11

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Silver Motel - 317 S State St

Westville, IL 61883

• Motel
• Hospitality for Sale
• $497,231 CAD
• 3,463 SF

Westville Hospitality for Sale

Silver Motel | Owner-Operator Hospitality Opportunity 317 S State St, Westville, IL 61883 Opportunity to acquire Silver Motel, an independently operated, single-story motel located along State Street in Westville, Illinois. Built in 1985, this well-positioned hospitality property features 11 guest rooms and offers an excellent opportunity for an owner-operator seeking an affordable entry into the lodging industry. The property's efficient single-story layout provides ease of operation and maintenance while serving travelers, contractors, and visitors to the surrounding area. With on-site management potential and a straightforward operational model, this asset is ideal for hands-on ownership. Owner Financing Available for qualified buyers, creating added flexibility and making this a unique acquisition opportunity. Investment Summary: Property Type: Motel/Hospitality Rooms: 11 Building Style: Single Story Year Built: 1985 Ownership Type: Owner-Operator Silver Motel presents a rare opportunity to own and operate a hospitality property in a stable community setting. Whether expanding an existing lodging portfolio or entering the hospitality sector, this property offers the potential to generate income while benefiting from owner-managed operations.

Contact:

Beam Real Estate, LLC

Property Subtype:

Hotel

Date on Market:

2026-03-10

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Westbrook Center - O'Fallon IL 62269 - 530 W State St

O'Fallon, IL 62269

• Motel
• Land for Sale
• $710,330 CAD
• 1.94 AC Lot

O'Fallon Land for Sale - Illinois

Discover the potential of this 1.94-acre commercial parcel zoned B-1 (Community Business District) offering excellent flexibility for a wide range of retail, professional, service, and commercial development opportunities. With nearly two acres of land, this site provides ample room for building, parking, access points, and potential multi-tenant or mixed-use concepts, making it an attractive option for investors, developers, or owner-operators looking to establish or expand a business presence. The B-1 zoning designation allows for numerous permitted commercial uses, including retail stores, grocery and specialty food markets, restaurants and cafés (without drive-through service), professional and medical offices, financial and real estate offices, business consulting services, personal service establishments such as salons or fitness studios, appliance and electronics sales and service, hardware or home furnishing stores, florists, gift shops, bookstores, photography studios, and many other retail or service-based businesses. The zoning also accommodates offices for architects, attorneys, engineers, physicians, accountants, and other professional practitioners, as well as banks, insurance offices, credit unions, and investment services. Additional development opportunities may be possible with city approval, including uses such as restaurants serving alcohol, gasoline service stations, car wash facilities, cultural or recreational venues, entertainment facilities, meeting halls, schools or places of worship, multi-family or mixed-use residential components, and other specialized commercial uses, subject to review and approval by the Planning Commission and City Council where required. The generous acreage provides flexibility for a single commercial building, professional office complex, retail storefront, restaurant concept, service business, or a planned multi-building commercial development, depending on site design and approvals. With adequate space for parking, landscaping, and customer access, the property offers strong potential for businesses seeking visibility and accessibility in a growing commercial area. Whether you're envisioning a professional office campus, boutique retail destination, specialty service center, restaurant concept, or a thoughtfully designed commercial development, this property provides the space and zoning flexibility to bring a variety of ideas to life. Conceptual rendering created using AI to illustrate potential uses of the property. The structures depicted do not currently exist and are for visualization purposes only. Buyers should verify zoning, building requirements, and permitted uses with local authorities.

Contact:

Red Door Realty Group Inc

Property Subtype:

Commercial

Date on Market:

2026-03-06

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On Route 41-Commercial/Industrial/IOS - 123 N Skokie Hwy

Lake Bluff, IL 60044

• Motel
• Land for Sale
• $3,409,584 CAD
• 2.50 AC Lot

Lake Bluff Land for Sale - Central North

123 Skokie Highway in Lake Bluff, Illinois, offers a premier 2.5-acre development site with exceptional visibility and direct frontage along U.S. Route 41. This property is ideally suited for industrial users seeking a strategic location with strong regional connectivity. Positioned in unincorporated Lake County, the site provides the advantage of lower property taxes and a business-friendly environment, reducing long-term operating costs.

Contact:

Entre Commercial Realty LLC

Property Subtype:

Industrial

Date on Market:

2026-02-23

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1 to 4 Acres rerady for New Development - 19825 Stony Island Avenue

Lynwood, IL 60411

• Motel
• Land for Sale
• $497,231 CAD
• 4 AC Lot

Lynwood Land for Sale - Far South

Great location to build a Multi Unit Building for User and Lease

Contact:

Coldwell Banker Commercial Realty

Property Subtype:

Commercial

Date on Market:

2026-02-04

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5309 Touhy Ave

Skokie, IL 60077

• Motel
• Retail for Sale
• $3,125,452 CAD
• 12,300 SF

• Security System

Skokie Retail for Sale - Near North

-High Visibility Freestanding Building in Skokie Retail Corridor, surrounded by Renowned National Retailers like Starbucks, Burger King, Orange Theory, Holiday Inn, McDonald’s, Aspen Dental, and more. Ideal for Daycare, Clothing Store, Furniture Showcase, or Medical Practice -Super convenient location just two blocks West of the I-94 Eden's Expressway, high-traffic corridors with excellent street visibility. Just East of Pointe Plaza and Village Crossing Shopping Center. With Prominent Pylon Signage Facing Touhy Ave., Your Business Will Capture the Attention of the Steady Flow of Over 40,000 Passing Vehicles Each Day! Available also for lease at $ 11/SF Building Highlights: High 16' Ceiling, Expansive Display Windows, and an Open Floor Plan, Prominent Pylon Sign, 24 on-site Parking Spaces Lot Dimensions: 141' by 150' perfect for a fast-food drive-thru possibility.

Contact:

American Market

Property Subtype:

Freestanding

Date on Market:

2026-01-27

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1162 School St

Percy, IL 62272

• Motel
• Retail for Sale
• $390,682 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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Americas Best Value Inn Wenona - 5 Cavalry Dr

Wenona, IL 61377

• Motel
• Hospitality for Sale
• $1,633,759 CAD
• 8,250 SF

Wenona Hospitality for Sale - Marshall County

Near large Metropolitan City, Chicago's Large suburbs in state of Illinois, Interior Corridor Hotel / Motel with living apartment, near highway, convenient location. Stable clientele, central location for convenience near larger suburbs for shopping. Open for more options and Opportunities. Updated rooms.

Contact:

eXp Commercial

Property Subtype:

Hotel

Date on Market:

2025-11-26

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Prairie Pointe Lot 4 | Yorkville - 721 Crimson Ln

Yorkville, IL 60560

• Motel
• Land for Sale
• $2,413,701 CAD
• 2.73 AC Lot

Yorkville Land for Sale - Western East/West Corr

Prime commercial opportunity just north of the brand-new Costco. This 2.73-acre corner lot offers outstanding visibility and accessibility near US Rt 34 and Countryside Pkwy. It sits directly across from key Yorkville landmarks, including the new Reds Baseball facility, Children of America daycare, the newly built state-of-the-art Yorkville City Hall, the Yorkville Police Station, and the busy Yorkville Post Office. With utilities (electric, gas, and water/sewer) already on site and no water retention investment required, this parcel is ideal for a wide range of commercial or development uses. Take advantage of the high traffic and growth driven by Costco, and secure a premier location in the fastest-growing city in Kendall County in the fastest-growing county in Illinois.

Contact:

Integra Commercial

Property Subtype:

Commercial

Date on Market:

2025-11-25

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Villa DeWolf - 876 W State St

Jacksonville, IL 62650

• Motel
• Hospitality for Sale
• $1,136,386 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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Quality Inn Grayville - 2200 S Court St

Grayville, IL 62844

• Motel
• Hospitality for Sale
• $3,764,748 CAD
• 61,583 SF

• Fitness Center
• Restaurant

Grayville Hospitality for Sale

This 60 unit, two-story interior-corridor hotel is located in Grayville, Illinois, within White County. Ideally situated between Louisville and St. Louis and just three miles from the Indiana border, the property offers convenient access to Interstate 64. The hotel is in excellent condition, having undergone numerous interior renovations, with only minimal updates remaining. The hotel is a solid concrete build, and all rooms were updated in 2019. The hotel has empty rooms for offices and maintenance, which could be converted into a large 4-5 room manager's apartment as well. Several amenities such as the bar, swimming pool, and restaurant are currently closed, presenting an opportunity for a new owner to reopen them and maximize profitability. Despite these closures, the property continues to offer a variety of guest amenities, including a fitness center, continental breakfast area, casino room, laundry facilities, and 147 parking spaces with dedicated truck and RV parking that generates additional income. Gaming machines produce approximately $25,000 of revenues annually. Grayville is historically known for its oil and gas drilling, among other demand generators in the area. The city is diversifying its economy through growth in renewable energy, such as wind and solar power, and advanced manufacturing. Local initiatives aim to attract technology firms and other emerging sectors to reduce dependence on traditional industries and create new employment opportunities.

Contact:

Amber Hotel Company

Property Subtype:

Hotel

Date on Market:

2025-10-27

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Elk Lodge #1531 - 711 W Saint Charles Rd

Elmhurst, IL 60126

• Motel
• Specialty for Sale
• $1,406,453 CAD
• 8,025 SF

Elmhurst Specialty for Sale - Eastern East/West Corr

Located in close proximity to Elmhurst Crossing Shopping Center. This one story building offers convenience, visibility, and accessibility in a commercial corridor.

Contact:

NAI Hiffman

Property Subtype:

Lodge/Meeting Hall

Date on Market:

2025-10-16

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AREA Commercial Corner - 331 Plaza Cir

Mundelein, IL 60060

• Motel
• Land for Sale
• $406,309 CAD
• 0.43 AC Lot

Mundelein Land for Sale - Central North

Property subject to offer! A unique opportunity in the heart of a rapidly growing corridor - the Village Center. Positioned adjacent to AREA's large-scale residential development, this site benefits from strong built-in demand, daily traffic, and immediate community visibility. The project is just north of the City Government office and adjacent to the North Central Metra train station. Surrounded by nearby residential development and a commercial corridor, this property is perfect for personal services, retail, or a restaurant. The property is flexible in structure - available for ground lease or Build to Suit options as part of a larger commercial development project in collaboration with the Village of Mundelein through a potential public/private partnership. Its location within an active redevelopment zone and TIF District makes it especially attractive for retail, personal services, or mixed-use concepts seeking to align with the village's long-term growth strategy. Bring your dream retail or service business idea to life - all ideas will be considered!

Contact:

Coldwell Banker Commercial Real Estate Group

Property Subtype:

Commercial

Date on Market:

2025-10-13

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Prime Land - Route 34 - 12474 Route 34

Plano, IL 60545

• Motel
• Land for Sale
• $1,703,371 CAD
• 9.45 AC Lot

Plano Land for Sale - Western East/West Corr

Known as a long-time local hang-out and gathering spot, The Ranch in Plano holds a special place in the community — but its future potential is even greater. This 9.5-acre property offers ample space and flexibility for a variety of uses, from single-family homes to multi-family development. With strong visibility, convenient access to major routes, and a growing area with nearby amenities, it presents an excellent opportunity for residential use or redevelopment. Currently income-producing, the site includes a single-family rental and an operating tavern.

Contact:

Integra Commercial

Property Subtype:

Commercial

Date on Market:

2025-08-22

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Former Burger King Restaurant - 2625 Rock Creek Blvd

Joliet, IL 60431

• Motel
• Retail for Sale
• $1,562,726 CAD
• 3,146 SF

• 24 Hour Access
• Restaurant

Joliet Retail for Sale - Joliet/Central Will

Property had been used as a Burger King Restaurant since construction in 1998 until its recent closure. The building is 3,146 sf and is on almost an acre Lot. It sits at the fully signalized NW corner of Houbolt Road and Rock Creek Boulevard at the entrance to the Rock Run Business Park. It has many commercial, distribution and professional businesses, hotels (Holiday Inn & Suites, Candlewood Suites, Comfort Inn, Fairfield Inn, Hampton Inn, Townplace Suites) , Joliet Community College and large concentration of residential homes. It is just off N/S I'80 Highway and close to all services in the area. Traffic counts for the property exceed 14,300 VPD and is expected to grow since improvements in traffic flow patterns have been improved with substantial roadway construction completed.. This location is excellent for National or Regional restaurant or services sector brands. Seller is encouraging all offers......

Contact:

Tri-County Property Management & Sales LLC

Property Subtype:

Fast Food

Date on Market:

2025-07-13

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450 Coronado Dr

Rochelle, IL 61068

• Motel
• Office for Sale
• $2,834,217 CAD
• 10,050 SF

• Natural Light
• Reception

Rochelle Office for Sale - I-39 Corridor/Ogle County

Built in 2013 with high-quality construction standards, this outpatient clinic offers a turn-key opportunity with well-maintained building systems and impressive overall condition. Professionally landscaped grounds with irrigation create a welcoming, professional setting for patients, staff, or clients. Ideally located near the intersection of Interstate Highways 88 and 39, the property sits within a thriving commercial corridor surrounded by national retailers and hospitality providers including Walmart, Holiday Inn, McDonald's, Petro Travel Center, and more. This highly accessible location offers excellent visibility and convenience for a variety of users. The building’s current layout naturally divides into two suites of approximately 3,991 SF and 6,059 SF, separated by a spacious grand lobby. The flexible design allows for further subdivision into up to four suites to accommodate multiple tenants or specialty practices. Property Highlights: Built in 2013 – excellent condition with modern systems Professionally landscaped and irrigated grounds ±10,050 total net rentable square feet Flexible interior configuration (2 to 4 suites possible) Grand main lobby with abundant natural light Dedicated staff entrances to larger suites 25-person training/community room Reception area with sliding glass check-in window Covered canopy drop-off area for patient convenience 45 on-site parking spaces Average daily traffic of 6,800 vehicles per day This property offers immediate occupancy potential with flexibility for a wide range of medical, office, or professional service uses. Whether single-user or multi-tenant, the adaptable design supports long-term functionality and value. Contact Tom Ewing for additional details or to schedule a private tour.

Contact:

Gambino Realtors - Commercial Division

Property Subtype:

Medical

Date on Market:

2025-07-01

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