39922 N Lakeview Rd - Marinas FOR SALE


Antioch, IL 60002
$979,000 USD
847-778-9519
39922 N Lakeview Rd, Antioch, IL for Sale
$979,000 USD
Marinas - FOR SALE
1/11
null | 7.22% Cap Rate

39922 N Lakeview Rd
Antioch, IL 60002


HIGHLIGHTS

  • Approximately 40 existing wet slips within one of the Midwest's most supply-constrained recreational boating markets.
  • Existing slip inventory benefits from significant regulatory and environmental barriers limiting new marina development.
  • Opportunity to expand into a full-service marine operation including restaurant/bar, repair, maintenance, detailing, winterization, storage, sales.
  • Shares channel with Fox Waterway Agency, which guarantees an always passable waterway.
  • Serves a broad regional customer base throughout Chicagoland, Northern Illinois, and Southern Wisconsin.
  • Positioned within the growing Antioch submarket, supported by continued residential growth and seasonal tourism.

OVERVIEW

Lovinger Partners is proud to present Porthole Marina, a rare opportunity to acquire an established waterfront marina on Grass Lake with direct access to the Chain O' Lakes, one of the Midwest's premier recreational boating destinations. The Property is improved with approximately 40 existing wet slips and offers investors the opportunity to acquire a highly constrained waterfront asset in a market characterized by limited new marina development and strong long-term fundamentals. Located in Antioch, Illinois, the property serves a diverse customer base from the greater Chicago metropolitan area, Northern Illinois, and Southern Wisconsin. The Chain O' Lakes continues to experience increasing demand for recreational boating, waterfront recreation, and marine services, while regulatory and environmental barriers have significantly limited the ability to create additional wet-slip inventory. As a result, existing marina properties benefit from a supply-constrained competitive landscape that supports long-term occupancy and asset value. In addition to its existing marina operations, Porthole Marina offers a compelling value-add opportunity to expand ancillary revenue through the development of a comprehensive marine services platform. The Property is well positioned to accommodate services such as boat repair, mechanical service, detailing, winterization, storage, brokerage, and marine retail, allowing an investor or owner-operator to capitalize on the growing demand for year-round boating support services throughout the Chain O' Lakes region. The Property's combination of existing waterfront infrastructure, strategic location, and operational upside provides multiple avenues for value creation. Investors have the opportunity to enhance cash flow through operational efficiencies, expanded service offerings, and targeted capital improvements while benefiting from the intrinsic scarcity of established marina assets. Porthole Marina represents a unique opportunity to acquire an irreplaceable waterfront investment in one of the Midwest's most recognizable boating markets, offering stable existing operations with meaningful potential for future growth and long-term appreciation.

FOR SALE DETAILS

PRICE

$979,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.22%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Porthole Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

ADD'L SUBTYPES

Trailer/Camper Park

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,463 SF

ZONING

RC

APN/PARCEL ID

01-26-201-002

ASK ABOUT THIS PROPERTY

Benjamin LovingerBaird & WarnerMore Info
847-778-9519

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Benjamin LovingerBaird & WarnerMore Info
847-778-9519

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