Iowa Mississippi Riverfront Property, Marina, Restaurant

Mc Gregor, IA (Clayton County)

Seller Financing Available
Iowa Mississippi Riverfront Property, Marina, Restaurant
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Asking Price: $1,400,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $285,000

Inventory: N/A

Real Estate: $1,115,000

Established: 1993

Iowa Mississippi Riverfront Property, Marina, Restaurant

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Business Description

NEW PRICE- SERIOUS SELLER: This is your extremely rare opportunity to own riverfront property on the scenic Mississippi River as well as a popular and well-established Boatels houseboat fleet, waterfront marina and restaurant. The land is an ideal location for a condo development- nestled in a historic riverfront town. Since 1993 the business has been open seasonally from April through October, offering a full-service marina, a casual restaurant and boat rentals. The full-service Marina has 200 slips for seasonal docking, pontoon rentals, and fuel sales. This full-service marina only has 2 other competitors within a 25-mile radius. The casual restaurant offers indoor and outdoor seating with the best river view for lunch and dinner and is the only waterfront restaurant within the historic town and surrounding areas.
This is a rare chance to own over ~1,100 feet of Mississippi riverfront real estate, in that most of the land is owned by the Corp of Engineers. Including, privately owned real estate: A ~9000sq.ft. houseboat manufacturing outbuilding offers large manufacturing equipment, winter storage and off-season revenue; as well as an ~60,000sq.ft. houseboat storage lot.
The current owners are serious sellers wish to retire and are looking for qualified buyers. Potential candidates might include condo developers or individuals with a background in marinas and management who would operate and manage the boatel business, marina and restaurant day to day.
Real Estate as well as all furniture, fixtures, equipment and inventory will be included in the sale.
For more information about this Mississippi Riverfront Property, Boatel Business, Marina and Restaurant for Sale, please contact Megan Cox at megan.cox@sunbeltnetwork.com or 563-940-1255

Detailed Information

Location:
Mc Gregor, IA
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Retirement
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Contact the Seller

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Megan Cox

Business Listed By:
Megan Cox

Sunbelt Business Brokers of the Quad Cit

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Sponsoring Broker:
Milton Anderson, CBI

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