Asking Price: $1,199,999
Building Size: 12,500 SQ FT
Lot Size: 14977
Cost per Square Foot: $96.00
Wonder Lake Marina has been owned and operated seasonally by current ownership since 2002. They are the only Marina on Wonder Lake and they provide full service Marina services for the residents in Wonder Lake. The property has been significantly upgraded since they purchased it including a large 1600 apartment on premise, roof replaced in 2015, most of the property has been repaved, they have a barge and crane to facilitate putting docks in an out of the water, commercial kitchen for making food for patrons and much more. Current Ownership has run the Marina seasonally, however, there is plenty of opportunity to keep the facility open year around. A large portion of the residents in Wonder Lake live on the lake year around and when the boats are put away in October many of the lake residents trade them for snow mobiles. Current Ownership would be willing to stay on for a period of time to work with new owners and transfer knowledge and business.
Key Points: Only Marina on Wonder Lake Largest Private Lake in Illinois, only deeded owners can use the lake 4,000-5,000 current deeded lake rights owners 2 new subdivisions in Phase 1 of development adding 1,500 deeded lake right owners Liquor License could be obtained for the property Additional revenue streams not being utilized Same owners for 18 years Environmental NFR letter on the property New Roof 5 years ago New Pavements on 75% of the property Assets totaling over $250K comes with real estate and business Very little deferred maintenance