Lake Pana • Old Lake Side

Escape the City.
Build Your Lake Legacy.

A rare opportunity for the right buyer to create a weekend getaway, retirement retreat, recreation base, or custom lake home in quiet Pana, Illinois.

16 Bailey Lane • Pana, IL 62557

Listed at $120,000
Lease lot size 60' × 100'
Conceptual Lake Pana home and covered pontoon dock at sunset

Conceptual lifestyle rendering. The existing property currently contains an older cabin and outbuildings.

One Property. Endless Possibilities.

A flexible lake opportunity with room for your vision.

The site can serve as a recreational retreat now or become the starting point for a more ambitious lake-home project later, subject to applicable city and lease approvals.

RV

RV or Camper Retreat

Create a simple weekend base or seasonal getaway near Lake Pana and Lake Shelbyville.

Private Boat Dock Opportunity

A private dock may be possible with City of Pana Water Committee approval.

Build Your Dream Home

Start fresh with a custom lake residence designed for the lifestyle you want.

Your Vision

Weekend escape, retirement destination, recreation property, or future full-time home.

Property Highlights

Ready for a fresh start.

The existing cabin and outbuildings contribute little value. Demolition and cleanup can be arranged at a very low cost, making it easier for a buyer to begin a new project.

City-Owned Lakefront LeaseOld Lake Side location on Lake Pana.
Lot DimensionsApproximately 60' × 100' / 6,000 sq. ft.
Annual LeaseHistorical lease amount shown in supplied records: $300.
UtilitiesWell, septic, and utilities are reported on site.
Existing ImprovementsCabin and outbuildings currently occupy the property.
Future PotentialIdeal for recreation or new construction, subject to approval.
Small Town. Big Advantages.

Quiet living with practical regional access.

Pana offers small-town pace, affordability, community, and access to recreation while remaining within driving distance of larger Central Illinois and Midwest destinations.

ChicagoAbout 3.5 hours
St. LouisAbout 2 hours
Lithia Springs MarinaLake Shelbyville • About 25 minutes
SpringfieldAbout 1 hour
EffinghamAbout 35 minutes
Full Lake Pana property promotional brochure for 16 Bailey Lane
Full Property Brochure

Review the complete opportunity.

The brochure brings the property's main details, location advantages, possible uses, and appointment information together in one shareable page.

Concept images illustrate possible future uses and do not show the property's present condition. Construction, dock installation, lease transfer, and other improvements remain subject to applicable approvals.

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Serious Inquiries Only

Schedule your appointment today.

Request the brochure, ask about the demolition and cleanup arrangement, or schedule a time to walk the property and discuss the possibilities.

Property Address 16 Bailey Lane
Lake Pana – Old Lake Side
Pana, IL 62557

Information is provided for marketing purposes and is believed reliable but is not guaranteed. Buyers should independently verify dimensions, lease terms, annual rent, taxes, utilities, permitted uses, dock rules, shoreline access, demolition costs, zoning, and city approval requirements. Images showing homes, docks, RVs, boats, and finished outdoor spaces are conceptual examples of possible uses and do not depict the property's current condition.