2838 N 4351st Rd - Specialty FOR SALE


Sheridan, IL 60551
$1,450,000 USD
512-637-1219
2838 N 4351st Rd, Sheridan, IL for Sale
$1,450,000 USD
Specialty - FOR SALE
1/21
null | 10.41% Cap Rate

2838 N 4351st Rd
Sheridan, IL 60551


OVERVIEW

Just an hour and a half drive from Chicago, Illinois, Mallard Bend is a family-oriented seasonal RV resort located in the town of Sheridan nestled along the historic Fox River. – The resort boasts approximately 37 rolling wooded acres with 104 full hook-up RV sites and offers a variety of back-in and pull through sites with water/ sewer/electric hookups. The RV sites are a mixture of 30/50 amp connections but the community does have multiple transformers so every site can be 50 amp if needed by the camper. – The resort has attracted repeat customers (typically 90% renew every year) through investing in entertainment and activities for both adults and children including bands on weekends, kayak and rafting trips, swimming and tubing, BBQs, and other group activities. Mallard Bend RV Resort also features an extensive outdoor amenity package including a heated swimming pool, multiple playgrounds, event pavilion for gatherings, basketball court, river launch site for kayaking, free Wifi, onsite firewood, and a spring-fed swimming pond. The resort also has a clubhouse with a snack bar, ping-pong, air hockey, foosball, shuffleboard, and a lounge area. – Seasonal rents average around $3,000 for the 2025 season, which runs from April 15th through October 15th. The seasonal sites are currently 91% reserved for the 2025 season and the owner expects 3-4 more seasonal campers to book within the coming months. This leaves only a few sites available for any monthly campers during the summer. – There is a compelling value-add opportunity for the next owner to expand the community by developing additional sites. According to the survey, there is a substantial amount of undeveloped land—particularly along the river—that presents strong potential for growth. For more information on possible expansion areas, please refer to the Site Map on page 3. – Current Ownership has spent approximately $70,000 in upgrades at the property, providing a turn-key operation for the next operator. Major improvements include septic work done on the river sites, upgrades to the pool house, and the addition of a new basketball court in 2024.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

10.41%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mallard Bend RV Resort

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

36.78 AC

LAND SF

1,602,137 SF

ZONING

-

APN/PARCEL ID

05-35-202000

ASK ABOUT THIS PROPERTY

Andrew ShihARA NewmarkMore Info
512-637-1219

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Andrew ShihARA NewmarkMore Info
512-637-1219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.