Contact Information

RV Park/Campground Details

  • Price: $1,600,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 14.6%
  • Property ID: 1188378
  • Posted On: Feb 6, 2020
  • Updated On: Feb 7, 2020

Property Description

This is an amazing opportunity to own a well-established Marina in a market that is under served and poised for growth. Wharf Harbor Marina is a 100 slip, full service marina with 16 RV pad sites that sits on 22.5 picturesque acres on the Illinois river just 2 1⁄2 miles north of the Peoria Central Business District. The real estate and all assets of the business are included in the sale. There is the potential to add an additional 50+ wet slips. The newly renovated retail store is ready for a liquor license. New boat dealerships in the region are virtually nonexistent between Chicago and the Lake of the Ozarks in MO. This site is the perfect location for a regional multi brand sales & service operation. Peoria is the largest city on the Illinois River which is a critical leg of the ‘Great Loop’ between Chicago and St Louis. With several hundred Yachting enthusiasts called ‘Loopers’ making that scenic 6,000 mile journey per year, this site could easily become a major destination. Bring your marina and RV park management expertise to a loyal clientele and region that yearns to support a modern, full service marina facility. Call David Coupe at 847-812-8414 for additional information and to schedule a tour of this exceptional property.

Location

• 100 Wet Slips
• 16 Covered Slips
• 16 RV Pads with Water and Electric
• Electric and Water Hook-ups
• Space to add an additional 50+ Wet Slips
• Full Service & Parts Department
• Retail Ship Store ready for Liquor License
• New Yacht Sales Showroom
• Launch Ramp and Jetty
• 2 Travel Lifts - 30,000lb & 60,000lb Capacity
• Gas Dock with NEW Dispenser
• Waste Pump-out on site
• Indoor and Outdoor Dry Storage
• Restrooms & Showers
• WiFi
• Fully Integrated Scribble Marina Management Software
• Adjacent to the iconic Alexander's Steakhouse
• Important stop on the "Great Loop" between Chicago and St Louis.

Amenities

  • Storage
  • Boat Access
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 16
Year Built: 1980
Size: 22.5 acre(s)

Financial Information (Pro Forma)

Gross Income $467,450
Operating Expense $163,297
Net Operating Income $234,035
Expense Ratio 34.9 %
Debt Info None

Utility Information

Water: City
Sewer: City

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