Premier Investment Opportunity: 41W597 US Highway 20, Hampshire, IL 60140

$1,795,000

- Beds | - Baths | 4,150 SqFt

41W597 US Highway 20, Hampshire, IL 60140

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Nestled in the heart of Hampshire, Illinois, at 41W597 US Highway 20, lies a rare gem that promises not only a beautiful living experience but also an excellent investment opportunity. Priced at $1,795,000, this unique property offers a blend of residential comfort and commercial potential that is hard to find. Spread across over 20 acres, this listing includes two single-family ranch homes, a farmhouse, and two versatile outbuildings. Whether you are an investor looking for income-producing assets or someone seeking a multi-functional estate, this property has something for everyone.

Versatile Living Spaces

The primary residence is a beautifully updated 1,627 square-foot ranch home that exudes modern farmhouse charm. With three bedrooms and two bathrooms, this home is perfect for families. The attached two-car garage adds convenience and functionality. Imagine waking up to serene views of expansive farmland while enjoying the comforts of contemporary living.

The second home on the property is another ranch-style residence spanning 1,515 square feet. This house features three bedrooms and one bathroom, along with its own two-car garage. Whether you choose to live in one home and rent out the other or use it for extended family members, the possibilities are endless.

Adding even more value to this property is the third home—a charming old farmhouse that awaits your creative touch. This 1.5-story structure could be transformed into a beautiful guest house or even an additional rental unit with some renovation work.

Income-Generating Potential

One of the standout features of this property is its income-generating potential. Ten acres of the land are dedicated farmland, part of which is currently rented out to a local farmer. This arrangement provides a steady income stream that can significantly offset your mortgage costs.

Additionally, the property includes two substantial outbuildings that offer endless possibilities for use. The first is a massive 115x44 pole building that can accommodate various needs—whether you're a mechanic, car enthusiast, woodworker, or collector. The second outbuilding serves as another garage or storage space.

Ideal Location

Location is key when it comes to real estate investments, and this property does not disappoint. With frontage on both US-20 and Marshall Road, you have excellent visibility and accessibility. This prime location makes it ideal for anyone running a home-based business or looking to attract tenants.

Endless Possibilities

The versatility of this property cannot be overstated. You could live in one home while renting out the others to generate passive income. Alternatively, it could serve as an excellent setup for multi-generational living or an in-law arrangement. The expansive land offers ample space for recreational activities or even further development.

For those with entrepreneurial spirits, the large outbuildings provide the perfect setting to run various types of businesses right from your backyard. Let your imagination run wild—whether it's starting an auto repair shop, opening a woodworking studio, or simply leasing out storage space.

Conclusion

In summary, 41W597 US Highway 20 in Hampshire offers an unparalleled blend of residential comfort and commercial potential on over 20 acres of prime land. With three homes and multiple outbuildings at your disposal, this property provides numerous opportunities for income generation and personal enjoyment alike.

Don’t miss this once-in-a-lifetime chance to own such a versatile estate in a fantastic location! Whether you’re an investor seeking lucrative returns or someone looking for a multi-functional living space with room to grow and explore new ventures—this listing has it all.

Schedule your viewing today and envision the countless possibilities that await you at this extraordinary Hampshire property!

Discover the charm of Hampshire, IL, a hidden gem along picturesque Highway 20. Here are the best three attractions that promise unforgettable experiences:

1. Historic Downtown Hampshire: Explore quaint shops and cozy cafes in this vibrant district, rich in history and community events.

2. Hampshire Village Park: Enjoy playgrounds, scenic trails, and picnic areas in this family-friendly oasis, perfect for outdoor fun.

3. Misty Meadows Farm: Experience rural life with seasonal activities like pumpkin picking and hayrides at this delightful working farm.

Whether you're seeking adventure or relaxation, Hampshire has something for everyone!