24366 Payne Road Shannon, IL $ 1,200,000
24366 Payne Road
$ 1,200,000
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24366 Payne Road

Shannon, IL, 61078
$ 1,200,000
Bedrooms2 Baths1.0 Sq 1,200

Monthly Estimate*

$ 7,577

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Single Family Home for sale in Shannon, IL

for $1,200,000 with 2 bedrooms and 1 full bath. This 1,200 square foot home was built on a lot size of 10.

A generational opportunity to own an established income-producing rental operation just minutes outside of Lake Carroll! Hickory Hideaway has been successfully operated for more than 20 years and features 12 individual rental units thoughtfully situated across 10 acres. The accommodations are spread among four duplex-style buildings and four individual “Luxury Cabins.” Two of the duplexes are home to the “Country Cottages,” while the remaining two feature the “Rustic Whirlpool Cabins,” creating a unique mix of accommodations throughout the property. The site is nicely laid out with interconnected driveways, designated parking areas, walking paths, and a centrally located communal shelter/pavilion for guests to gather. Also included is a large mixed-use office/shop building featuring approximately 1,520 sq. ft. of shop space and 1,200 sq. ft. of living space, offering flexibility for on-site operations, management, storage, or additional use. Approximately 3.5± acres along the south side of the property provide open space for potential expansion or additional investment opportunities. With year-round rental use, more than two decades of successful operation, a location just minutes from Lake Carroll, and no HOA covenants, Hickory Hideaway presents a rare opportunity to acquire an established hospitality property with existing infrastructure, multiple income-producing units, and room for its next owner to continue building upon an established operation while taking this property into its next chapter.

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Single Family Active

Price

$ 1,200,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 5,925

Style

Lot Size

10

Town/City

Shannon

County/Region

Carroll

MLS | Web ID

202605597

Features
Interior
Interior Features Ceiling Fan(s) Window Treatments
Basement No
Bedroom 2 Level Main
Fireplace No
Living Room Yes
Beds 2
Total Baths 1
Dining Room No
Living Room Width 12'3
Living Room Length 16'
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General
Road Frontage Hard Surface Road
Sewer Septic
Heating Forced Air Natural Gas
Kitchen Level Main
Cooling Central Air
Ownership Type Fee Simple
Possession Closing
Roof Metal
Water Well
Water Heater Gas
Garage 2
HOA Fee 0
Full Baths 1
Half Baths 0
Electric Circuit Breaker
Style Other
Topography Wooded Country View
Class HOUSE
Type House
Parcel Number 010517200005
HUD No
Tax Year 2025
Status ACTIVE and AVAILABLE
Subdivision IL
Sale/Rent For Sale
Status Detail 0
Short Sale No
Primary City Shannon
Year Built 1997
High School Eastland
City SHANNON
Taxes 5925
School District Eastland
Elementary School Eastland
Middle School Eastland
Legal Description PT NW 1/4 NE 1/4 SEC 17 T25 R6 01-000-093-40
DOM 0
Postal Code 61078
Price Per Sq Ft Total AG 1000
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Exterior
Exterior Metal
Lot Size Area 10
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* Excluded Features
List By
Kayden Schubert

Listing Agent

Jim Sullivan Realty

Broker

kayden@sullivanrealty.com

Email

Affordability Calculator

$8,071
Per Month
94%
6%
0%
Monthly Principal & Interest
$7,577
Monthly Property Taxes
$494
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3383761 Elementary School
3383762 Middle School
Eastland High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$1,200,000 Listed Price

Map


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24366 Payne Road, Shannon, IL, 61078 is a Single Family Home for sale at $1,200,000 with 1,200 sqft and a lot size of 10. 24366 Payne Road has 2 bedrooms and 1.0 baths. The property's zip code is 61078 which is in Shannon, IL