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811 N Harrison St - CHAIN O' LAKES, IL MARINA / 2 LOCATIONS 43,000 SF Specialty Building Offered at $5,990,000 in Algonquin, IL 60102

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS Under Contract

Price $5,990,000
Price Per SF $139.30
Sale Type Investment
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Property Type Specialty
Property Subtype Marina
Building Class C
Lot Size 16.00 AC
Building Size 43,000 SF
No. Stories 1
Year Built/Renovated 1979/2021
Tenancy Single
Parking Ratio 1.4/1,000 SF
Zoning Commercial / Residential - Zone will allow for new buildings to be built if wanted to construct Racks for IN & OUT Service. Hight TBD Property can also call for Air B&B, TBD

AMENITIES

  • Property Manager on Site
  • Signage
  • Waterfront
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 19-27-453-018
  • 19-27-430-013
  • 19-27-430-014
Land Assessment
$239,435
Improvements Assessment
$394,509
Total Assessment
$633,944
  • Listing ID: 28463252

  • Date on Market: 5/11/2023

  • Last Updated:

  • Address: 811 N Harrison St, Algonquin, IL 60102

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