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Carrollton, IL 62016
$780,000
$760,000
33
Acres
Revenue flows your way from multiple streams with this incredible property! These 33.0 acres present a special opportunity complete with a golf course, turnkey restaurant and bar, and 2 bedroom/1 bathroom home. The 9-hole “Lone Oak” executive course, designed by George DeGeal, features 2,150 yards of golf from the longest tees for a par of 32. Established summer golf leagues and multiple scrambles throughout the year keep the greens hopping. The course is difficult, yet friendly – a terrific choice for regular rounds of golf with friends and family. The irrigation system was updated in 2025 and can be controlled from the owner's phone The reputation developed by being voted 2016 Best Steak in Illinois by the Illinois Farm Bureau and Illinois Beef Association has the restaurant and bar on everyone’s radars! With seating capacity for 100, and reservations sold out nearly every Friday and Saturday evening, it’s the local hotspot for a great weekend meal. The 2800sqft restaurant and bar facilities are frequently rented out for private parties. Video gaming is also popular at Lone Oak. Rounding out the property is a 2 bedroom, 1 bathroom 1250sqft home that could serve as owner’s quarters, or a short-term Air BnB. Lone Oak Golf Course and Restaurant is located East of Carrollton, IL and draws clientele from all over West Central Illinois – from Alton to Jacksonville, Pittsfield to Carlinville, and beyond. P&L statement is available upon request from serious buyers upon signing a nondisclosure agreement.
Listed: March 7, 2026 (72 days on market)
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