811 N Harrison St - Marinas FOR SALE


Algonquin, IL 60102
$5,990,000 USD
847-987-6626
811 N Harrison St, Algonquin, IL for Sale
$5,990,000 USD
Marinas - FOR SALE
1/15
null | Request Cap Rate

811 N Harrison St
Algonquin, IL 60102


HIGHLIGHTS

  • Only Full Service Marina within the area / Great Service for mechanic work & all around service
  • 2 Locations & a lot of room to expand with the likes of Rack IN & OUT Service as well as New & Used Boat Sales
  • Expand on Boat/ Pontoon Rentals a need for this in this location
  • Business is very well run and is truly a Turn Key Sale with all key positions that are very experienced
  • Cliental is solid and boaters spend monies at this facility with repeat business year after year very loyal customer base
  • Sellers are motivated to see good solid buyers carry on what they have built, sellers will assist in acquisition, time TBD

OVERVIEW

This Marina & Property consists of 2 locations & has over 136 combined wet slips & approximately 40+ waverunner slips with In & Out services for clients with their boats on trailers. Marina facility has multiple buildings for service and indoor storage for summer & winter, building space approximately 43, 000'. The two facilities consist of over 16+ acres of land, 9+ acres is excess land good for development purposes & out door storage. The Main marina is in a NO WAKE ZONE and has a niche with its location, as it's the only marina within the area that is full service with fuel services. Main facility has a store with liquor sales, and parts & service department. There is also a 1 bed / 1 bath apartment above the store, fully remodeled in 2021 with open concept floor plan and water views overlooking the marina. The Satellite Marina is quaint for boaters that like to kick back. Location is also prime and facility has his & hers restrooms. Clients are able to pull their car up to the docks. Both facilities running at 100% occupancy with a waiting list! NDA with bio required by all parties | 48 hour notice required for showing CONFIDENTIAL LISTING | Broker has complete listing offering memorandum for potential buyers Sellers have a 3rd location that could be purchased along with this sale or separately, not in use other than Fuel Sales for 2023, inquire with broker for further details.

FOR SALE DETAILS

PRICE

$5,990,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CHAIN O' LAKES, IL MARINA / 2 LOCATIONS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

16 AC

LAND SF

696,960 SF

ZONING

Commercial / Residential

APN/PARCEL ID

19-27-430-013,19-27-430-014,19-27-453-018

ASK ABOUT THIS PROPERTY

Edward DingmanNational Golf & Marina Properties GroupMore Info
847-987-6626

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Edward DingmanNational Golf & Marina Properties GroupMore Info
847-987-6626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.