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Archived 2 months ago

$5,500,000

5+ bd 4+ ba

1583 SPRING BAY RD, Spring Bay, IL 61611

Residential SFR

Current Rent **

N/A

Projected Rent **

$1

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Sankoty Lakes - Glamping Airbnb - 1583 SPRING BAY RD

TURN KEY INVESTMENT - FULLY FURNISHED: Sankoty Lakes Resort - A Premier Outdoor Adventure

Discover the unparalleled investment potential of Sankoty Lakes Resort, a premier outdoor adventure retreat spanning 225 acres in Spring Bay, IL. This unique property offers a blend of luxury and nature, catering to the growing demand for experiential travel and sustainable tourism.

Key Features:  
-Prime Location: Nestled along the Illinois River and the Sankoty Aquifer, the resort boasts some of the cleanest, clearest water in the area

-Amenities: The property includes three man-made lakes, a mile-long trout stream, 20 glamping tents, 2 ADA-compliant cabins, 21 RV sites, beaches, and riverfront access. 320 sqft GuardShack with Gating at the entrance, Large 10,000 sqft Outfitter Building, Separate Laundry Facility on Eichhorn Road, 765 sqft Boat Launch Storage Shed. 

-Diverse Recreational Activities: Guests can enjoy fly fishing, traditional fishing, hiking, biking, kayaking, swimming, birdwatching, and guided hunting expeditions.

-Accommodation Options: From luxurious glamping tents equipped with modern amenities to RV sites and cozy cabins, the resort provides various accommodation options to suit different preferences.

-Future Development:  Additional Electrical and plumbing is in place for 26 future cabin/tent sites. 

-Strong Market Demand: The rise in glamping and eco-tourism positions Sankoty Lakes as a sought-after destination for travelers seeking unique, nature-based experiences.

-Revenue Streams: Multiple revenue sources, including accommodation bookings, guided tours, equipment rentals, and on-site dining, ensure a steady cash flow.

-Sustainability and Conservation: The new owner can continue to preserve the natural environment that enhances its appeal to environmentally conscious investors and guests.

This is a rare opportunity to invest in a premier outdoor retreat that combines luxury, adventure, and sustainability. To find out out to get more detailed financials, site tours, and further discussions, please contact Tracy Morris, REALTOR

Advertised by Tracy Morris, eXp Realty 309-928-0649
Listed by Julie Bielfeldt - Keller Williams

Location:

1583 SPRING BAY RD, Spring Bay, IL 61611

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.