Rare Waterfront Development Opportunity!

Special Purpose for Sale
Catylist Listing ID: 30580144
Building Size (RSF): 7,227 SF
Sale Price: $540,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/30/2021

Overview / Comments

Unique waterfront development opportunity. Excellent site for a marina, waterfront restaurant, banquet facility, Wedding venue, or other outdoor events. Presently being used as a B&B.

Approx. 283' of waterfront with a private boat launch ramp already in place.

Main building is 2,432 sqft on the main floor with large open area that could also be a showroom, store, or restaurant. The lower level is a clear span space for a shop, storage, or other use. There are five waterfront cottages and swimming pool in as-is condition. Cottages are in a flood plain. The main building is not.

Contact broker Mike Weerda 815.985.2895

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1101326015
Zoning: CR
Property Visibility: Excellent
Largest Nearby Street: Riverside
Total Number of Buildings: 6
Number of Stories: 2
Property Condition: Fair
Year Built: 2009
Construction/Siding: Brick
Parking Type: Surface
Heat Source: Central, Wall Units
Air Conditioning: Package Unit
Zoning Description: CR
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Boat ramp is owned by seller, but includes an easement for use with adjacent land owner.
Legal Description: Three lots: Main building is 5918 Park Ridge / 11.01.326.015 The Cottages are 5930 Park Ridge / 11.01.326.014 The boat ramp is 5920 Park Ridge / 11.01.326.016 Lungo's Park Subdivision Lots 1, 2, & FRED L BURRS RIVER PK SUB PT N ½ S ½ SEC 1-44-1 N 20.1 FT LT 8 & BEG 74.73 FT E OF NW COR SAID LT 8 N 15.88 FT E 33.63 FT S 15.91 FT W TO POB PT LOT 7 BLK 16

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,272 86,080 187,341
Median Age: 40.9 39.18 38.43
Households: 4,680 34,869 74,186


Photograph of Listing Agent

Jonathan R. Krause

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