Rare Chain O'Lakes waterfront cottage compound on Grass Lake! This unique property features three furnished short-term rental units on approximately 1.13 acres with approximately 131 feet of waterfront frontage, beach access, gazebo, patio/outdoor gathering areas, dock/floating dock access, and ample parking. Currently operated as The Lake-Heim / Lotus Cottages, the property includes a 2-bedroom cabin, a 1-bedroom cabin, and an additional 1-bedroom lake cottage. 2025 Airbnb total earnings were approximately $60,423, with meaningful year-over-year growth and additional upside through improved occupancy, rate management, and continued STR operation. Ideal for an investor, owner-user, family lakefront retreat, or buyer seeking personal use with rental income from the additional units. Former fourth structure/rebuild potential may offer additional upside, subject to buyer verification and approval. Zoned RC for Recreational Commercial.

Spring Grove is located in Illinois. Spring Grove, Illinois has a population of 5,713. Spring Grove is more family-centric than the surrounding county with 44.42% of the households containing married families with children. The county average for households married with children is 33.95%.
The median household income in Spring Grove, Illinois is $131,735. The median household income for the surrounding county is $93,801 compared to the national median of $69,021. The median age of people living in Spring Grove is 39.1 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 13.5 degrees. The average rainfall is approximately 36.4 inches per year, with 40.3 inches of snow per year.