Rare Waterfront Development Opportunity!

Special Purpose for Sale
Catylist Listing ID: 30580144
Property Subtypes: Marina
Building Size (RSF): 7,227 SF
Sale Price: $475,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

Unique waterfront development opportunity. Excellent site for a marina or waterfront restaurant. Approx. 283' of waterfront with a private boat launch ramp already in place. Docks have been approved and leased in the past. There is only one fuel dock on the entire stretch of river. Plenty of opportunity for fuel dock, boat supplies, ice, dock rental, food and beverages, etc.
Main building is 2,432 sqft on the main floor with large open area that could 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

Contact

Photograph of Listing Agent

Jonathan R. Krause

GAMBINO REALTORS CMCPEX Member
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