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Ray Gade
REALTOR®
(608) 417-9978

24366 Payne Road, Shannon, IL 61078

$1,200,000
  • 24366 Payne Road, Shannon, IL 61078 Main Photo

80 Photos

New to the Market Active
BEDS2 BATHS1 full SQUARE FEET1,200 MLS#202605597
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLEastland

Property Description

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.

24366 Payne Road | MLS# 202605597

This single family home located at 24366 Payne Road, Shannon, IL 61078 is currently listed for sale with an asking price of $1,200,000. This property has 2 bedrooms and 1 full baths with 1200 sq. ft. Payne Road is located within the Eastland school district. Search Shannon real estate on raygade.dickersonnieman.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Garage: 2
Heating: Forced Air, Natural Gas
Lot Size: 10.00 Acres
Roof Type: Metal
Taxes: $5,925

Appliances

Dishwasher
Dryer
Microwave
Refrigerator
Stove/Cooktop
Washer
Water Softener

Feature Descriptions

Exterior: Metal
General Features: Laundry 1st Floor, Main Floor Primary
Land features: Wooded, Country View
Sewer: Septic
Water: Well
Wooded: Yes

Room Sizes

Bedroom 1: 11'5 X 10'7 Level - Main
Bedroom 2: 11'5 X 13'5 Level - Main
Kitchen: 16'8 X 14' Level - Main
Living Room: 16' X 12'3 Level - Main
Bath/Lndry: 12'3 X 9'9 Level - Main
Utility Room: 9'3 X 8'3 Level - Main

Local Schools

School District: Eastland

Listed By / Shown By

Listed By

Agency Name: JIM SULLIVAN REALTY

Shown By

Agent Name: Ray Gade
Agent Phone: (608) 417-9978
Agency Title: Dickerson & Nieman Realtors

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Estimated Payment

$ 3,514.43 per month $2,670.68 Principal & Interest $493.75 Property Tax $350.00 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/04/2026. The listing information on this page last changed on 09/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 09/04/2026 12:00:16 AM EST) or MRED MLS (last updated Thu 09/03/2026 11:58:13 PM EST) or SCWMLS (last updated Thu 09/03/2026 11:55:17 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 09/03/2026 10:31:07 PM EST) or Northern Illinois Commercial Association Realtors (last updated Thu 09/03/2026 2:10:16 PM EST). Real estate listings held by brokerage firms other than Dickerson & Nieman Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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