Active
2 beds1,200 sqft$1,000/sqft
24366 Payne Rd, Shannon, IL 61078
Est: $6,593/moGet pre-approved
Single FamilyProperty Type
10 acresLot Size
1997Year Built
$1,000/sq ftPrice per sq ft
2 carsParking Spaces

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...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.
Days on Market Listed Today
  • Listed by: Kayden Schubert kayden@sullivanrealty.com • JIM SULLIVAN REALTY
Last updated: 09/03/2026 02:11 PM • Source: NorthWest Illinois Alliance of REALTORS®, MLS#: 202605597

Location

Listing Courtesy of JIM SULLIVAN REALTY
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$6,593 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,099

Property Taxes

$494

HOA Dues

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Property Information for 24366 Payne Road

Property Details
  • Taxes: $5,925 / year
  • MLS Type: House / House
  • Style: Other
  • Garage: 2.0
  • Garage Type/Driveway: Attached
Building Information
  • Year Built: 1997
  • Lot Size: 10.00 AC / 435,600 SF
Summary
Location and General Information
  • City: SHANNON
  • State: IL
  • Zip: 61078
  • Geo Quality: 0.95
  • Geo Zoom Level: 18.0
  • Geo Address Line: 24366 Payne Rd
  • Geo Primary City: Shannon
  • Geo Subdivision: IL
  • Geo Postal Code: 61078
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 24366 Payne Road
  • County: Carroll County
  • Zip Code: 61078
  • Year Built: 1997
  • School District: Eastland
  • Elementary School 1: Eastland
  • Middle School: Eastland
  • High School: Eastland
Taxes and HOA
  • HOA Fee: $0
  • Tax Year: 2025
  • Taxes: $5,925
Property
Lot Information
  • Lot Acreage: 10.0
  • Property Type: Wooded, Country View
  • Road Frontage: Hard Surface Road
  • Est Below Grade Fin SqFt: 0
  • Est Total Finished Sq. Ft.: 1200
  • Est Above Grade SqFt: 1200
Property and Assessments
  • Class: HOUSE
  • Type: House
  • Status: ACTIVE and AVAILABLE
  • Ownership Type: Fee Simple
  • PIN: 010517200005
  • HUD: No
Utilities
  • Water: Well
  • Sewer: Septic
  • Electric: Circuit Breaker
Interior and Exterior Features
Exterior Features
  • Exterior: Metal
  • General Features: Laundry 1st Floor, Main Floor Primary
  • Roof: Metal
Interior Features
  • Stove/Range Fuel: Gas
  • Basement: No
  • Water Heater: Gas
  • Bedrooms: 2
  • Full Baths: 1
  • Half Baths: 0
  • # Full Baths Upper Lvl: 0
  • # 1/2 Baths Upper Lvl: 0
  • # Full Baths Main Lvl: 1
  • # 1/2 Baths Main Lvl: 0
  • # Full Baths Lower Lvl: 0
  • # 1/2 Baths Lower Lvl: 0
  • Total Baths: 1.0
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Appl Stay/Incl: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer, Water Softener
  • Interior Features: Ceiling Fan(s), Window Treatments
Room Information
Bedroom 2
  • Bedroom 2 Length: 11'5
  • Bedroom 2 Width: 13'5
  • Bedroom 2 Level: Main
Dining Room
  • Dining Room: No
Family Room
  • Family Room: No
Kitchen
  • Kitchen Length: 16'8
  • Kitchen Width: 14'
  • Kitchen Level: Main
Living Room
  • Living Room: Yes
  • Living Room Length: 16'
  • Living Room Width: 12'3
  • Living Room Level: Main
Recreation Room
  • Rec Room: No
Additional Rooms
  • Addl Room 5 Length: 12'3
  • Addl Room 5 Width: 9'9
  • Addl Room 5 Name: Bath/Lndry
  • Addl Room 5 Level: Main
  • Addl Room 6 Name: Utility RM
  • Addl Room 6 Level: Main
  • Addl Room 6 Length: 9'3
  • Addl Room 6 Width: 8'3
Rental
Rent Information
  • Lease: No

Property History for 24366 Payne Road

DateEvent & SourcePriceAppreciation
Sep 2, 2026

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202605597

$1,200,000
Aug 27, 2026

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202605449

$1,200,000
DateEvent & SourcePrice
09/02/2026

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202605597

$1,200,000
08/27/2026

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202605449

$1,200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 24366 Payne Road

Taxable ValueLand$20,449Additions$81,249Total$101,698
Tax Record2025$5,925 ($494 / month)
Home Facts
Baths1Total Finished SqFt864 SqFtAbove Grade Finished SqFt864 SqFtStories1Lot Size435,600 SqFtStyleOffice BuildingYear Built1997Year Renovated1997CountyCARROLLAPN01-05-17-200-005

Schools near 24366 Payne Road

This home is within Eastland Community Unit School District 308.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Eastland Middle School
PublicPK to 6

Eastland High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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24366 Payne Road is a single family home for sale in Shannon, IL 61078. This property was listed for sale on September 3, 2026 by JIM SULLIVAN REALTY, it's currently listed at $1,200,000. This listing's school district is Eastland Community Unit School District 308. Nearby schools include Eastland Middle School and Eastland High School. 24366 Payne Road is a 2-bed, 1-bath, 1,200 sqft single family home built in 1997.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JIM SULLIVAN REALTY

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 09/03/2026 02:11 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.