230 Wet Slip Full Service Marina in Ottawa IL

La Salle County, IL

230 Wet Slip Full Service Marina in Ottawa IL

Asking Price:$1,350,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1957

230 Wet Slip Full Service Marina in Ottawa IL

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Business Description

IL Full Service Marina | 10% Cap Rate | OWNER MAY CONSIDER SHORT TERM NOTE

Business Description
Simply Marinas and National Golf and Marina are glad to offer an opportunity to secure a 230 wet slip marina with electric and new water. The marina sits on 41 acres (21 acres of land). There are roughly 100 dry storage spaces with in and out launch service. The total indoor storage space is 37,150 SF.

Deal incorporates three boat storage buildings Totalig 37,150 +/- sq ft (10,650 sq ft, 20,000 sq ft, and 6,500 sq ft), and a 10,300 sq ft main building with restaurant, services, and retail tenants.

A local yacht club calls this facility home, providing steady income streams in dock rentals and special events.

OWNER MAY CONSIDER SHORT TERM NOTE

Detailed Information

Real Estate:
Owned
Building SF:
47,450
Facilities:
Land, building, docks and equip valued at roughly $1.5mm. Replacement cost to rebuild is around $5mm. Includes boat sales, boat brokerage sales, boat & engine repairs, parts sales, winterizing & shrink wrapping, bottom cleaning and painting.
Competition:
Located within 5 miles of 3 state parks, 2 championship golf courses, indoor water amusement park, mini golf. Access to I 80 and I 39, and no industry close by. The area offers many local restaurants, high sandstone bluffs, horseback riding and more. The marina is established with a good customer base.
Growth & Expansion:
Opportunity to add amenities such as: a swimming pool and patio near the river west of the restaurant building, a small water park feature for kids, in and out rack storage for runabouts, outside patio bar at the waterfront next to the restaurant building, additional floating villas for purchase. Additionally a tour bus stop could be arranged at the marina with Starved Rock Lodge providing a layover promotion and a river boat tour with possible food and bar service.
Financing:
OWNER MAY CONSIDER SHORT TERM NOTE
Support & Training:
Marine certified Technicians. Holding tank pump-out system. Computer fuel monitoring system. 25/35 ton travel lifts, hydraulic yard trailer.

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Michelle Ash

Business Listed By:
Michelle Ash

Simply Marinas

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