Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

Sears Home Appliance Showrooms Franchise Opportunity

Rapid Recovery Franchise Opportunity

The Interface Financial Group Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

Real Estate - Marina / Restaurant / Banquet Complex
Location: United States -> Illinois -> Mineola
Industry: Real Estate > Other Real Estate




Business Summary

Mineola Marina is located on beautiful Fox Lake in Fox Lake, IL. The property encompasses a total of 16 acres with the marina spanning across approximately 400 feet of prime Chain-O-Lakes lakefront. There are several unique and amazing qualities associated with the Mineola Marina.

The first unique quality is - the location. Mineola is an hour drive from Chicago, Milwaukee, and Rockford. The Chain-O-Lakes and Fox River are ranked among the most popular inland waterways in the United States. This ''Key West of the Midwest'' has 7,100 acres of water, 15 lakes, and 45 miles of river and can accommodate water sports and activities ranging from boating, fishing, skiing, tubing, hunting, and swimming. This has been Chicagoland's playground for over 100 years.

The second unique quality is - the location! Mineola is an historic site that has been known for its beautiful location since the days of Al Capone and prohibition. The views from the Mineola Marina are expansive, as it sits on a hillside! And the property is located in the middle of the Chain-O-Lakes with easy access to the northern lakes as well as the southern lakes and river.

The third unique quality is - again, location! The popularity of the Chain-O-Lakes has led to property being purchased and beautiful homes being built. Therefore pieces of property with acreage and 400 feet of waterfront on the Chain are virtually impossible to find. Also, due to the popularity of lakefront living in the area, the value of waterfront property continues to increase, while other property values have declined in recent months.

REAL ESTATE VALUE ANALYSIS.
Assume:
· Mid-rise condos / Town homes.
· Utilize 10 acres, 25 units per acre at 1,500 square feet per unit.
Note: This does not account for the 65 boat slips available with the property. Value of slips could be $50,000 to $65,000 per slip. Contact for more information on Mineola Marina for sale.


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1983
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale




Print Listing Id: 70089818
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!


Related Searches: Commercial and Residential Real Estate Brokers  >  Mortgage Brokers  >  Title and Escrow  >  Other Real Estate  > 

Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



CAN'T FIND A BUSINESS?
Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 70089818
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.