SHOWROOM COLD STORAGE MECHANIC SHOP SHIP STORE RV SITES OFFICES COLD STORAGE PISTAKEE LAKE BOAT LAUNCH GAS DOCKS CONFIDENTIAL MARINA AND RV SITES 16± ACRES Exclusively Offered By: Eddy A. Dingman, National Golf & Marina Properties Group of Coldwell Banker Commercial NRT Sale Price: $4,999,000 ± 16 acres 300 wet slips 25,700 SF buildings Storage buildings Boat showroom Full service marina, mechanic shop Largest active marina on the “Chain of Lakes” Eddy A. Dingman 847-313-4633 Office 847-987-6626 Mobile [email protected]National Golf & Marina Division of JUST REDUCED!
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SHOWROOMCOLD STORAGE
MECHANIC SHOP
SHIP STORE
RV SITES
OFFICES
COLD STORAGE
PISTAKEELAKE
BOAT LAUNCH
GAS DOCKS
CONFIDENTIAL MARINA AND Rv sITEs16± ACREs
Exclusively Offered By: Eddy A. Dingman, National Golf & Marina Properties Group of Coldwell Banker Commercial NRT
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BEN WATTs MARINA | FOX LAKE, ILLINOIs
I. EXECUTIvE sUMMARy ......................................................... 1 - Ben Watts Marina Overview
- Property Overview
II. PROPERTy PhOTOGRAPhs .................................................. 5 - Aerial Photographs
- Plat of survey
III. FOX LAKE ILLINOIs ............................................................... 8 - About village of Fox Lake
- Chain of Lakes
- Fox Lake Amenities
IV. DEMOGRAPhICs ................................................................ 10 - Radius site Map
- Market Profile Reports
- Income Profile Report by Radius
V. OPINION OF vALUE ............................................................. 24 Asset valuation
`Table of Contents
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BEN WATTs MARINA | FOX LAKE, ILLINOIs
The National Golf and Marina Properties Group of Coldwell Banker Commercial NRT is pleased to offer the sale of the 16-acre Ben Watts Marina.
Property is located at 116 s. highway 12 in Fox Lake in northeastern Illinois, midway between Chicago and Milwaukee. situated on Pistakee Lake near Meyers Bay in the Chain-of-Lakes recreational area.
Just Reduced: $4,999,000
` Includes all inventory, equipment and parts ($400,000 average value)
` Dealership for boats - floor plan for boat lines
` Employees (15 full time / 5 part time)
` Occupancy 75-80% (inclusive of seasonal flux)
` Taxes approximately $90,000
` Owner holds Illinois Environmental Protection letter that states all statuatory and regulatory Correction Action Requirements have been complied with
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`Marina Overview
BEN WATTSMARINA
BEN WATTSMARINA
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BEN WATTs MARINA | FOX LAKE, ILLINOIs
The Marina
Ben Watts Marina was started in 1954 by its namesake and founder. Today the marina is owned and operated by the third and fourth generations. Originally started by renting fishing boats, over the years it has developed and expanded into a full-service marina located on sixteen acres with over 300 slips.
Ben Watts Marina maintains and stores boats from 12’ fishing boats up to 52’ houseboats. Most of the piers are equipped with electricity and water. The launch ramps can launch or retrieve four boats at one time, and the travel lift has a capacity of 25 tons. The marina also operate two types of in-and-out services during the summer - in the winter, the marina stores both inside and out.
Ben Watts Marina is a dealer for Manitou Pontoons and Ranger Boats. In addition, the marina sells Johnson, Evinrude and Mercury outboards and Mercruiser sterndrives. There is also an indoor showroom that displays the most current models and is open seven days a week.
There are factory-trained master technicians that service Mercruiser sterndrives and Mercury, Johnson, and Evinrude outboards. Ben Watts Marina also repairs propellers, boat trailers, and fiberglass. Detailing services are also available to help your boat stay clean.
Ben Watts Marina maintains a large parts department and all boating accessories can be found in the ship’s store and is open seven days a week, year round.
Ben Watts Marina is very safety and education oriented, with principals involved in both Power squadron and the Coast Guard Auxiliary. The Coast Guard Auxiliary Radio station is located on the premises, and Power squadron Courses are offered during the boating season.
Amenities
Ben Watts Marina is the largest marina on the “Chain of Lakes” and includes:
` Marina and Rv sites
` ±16 acres
` 300 slips
` slip depth of 4’ - 7’
` Pull your vehicle up to the slip
` Water and electrical hookup
` Pump out services
` 4,000 gallon gas dock (1500/2500 tank)
` Restroom facilities - 2 women’s and 2 men’s (boaters) 1 women’s and 1 men’s (office)
`Property Overview
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BEN WATTs MARINA | FOX LAKE, ILLINOIs
`Property Overview
Building and GroundsBuilding totals 25,700 square feet and is constructed of masonry block and steel. New boat showroom is 3,500 square feet (44’ x 80’) with a 14’ overhead door (15’ wide)
Parts Store/Ship StoreIncludes mechanics shop and offices with a total of 6,000 square feet (100’ x 60’)
StorageTwo storage building of 16,500 square feet (330’ x 50’) and 6,000 square feet (60’ x 100’)
Mechanics FacilityFull service repair facility of 8,000 square feet. stern drive shop, Marina parts inventory, supplier parts available and emergency service repairs. “Best on the Chain”
RV & Trailer SiteCapable of holding up to 30 trailers/Rv’s. Currently holding 12-14 (trailers/mobile homes). Includes water and electric hook-ups, restrooms and boat slips are adjacent to Rv pads. Pump out services also available.
ParkingAsphalt and asphalt grindings
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BEN WATTs MARINA | FOX LAKE, ILLINOIs
Boat Sales
Affiliate boat brands carried at Benn Watts Marina:
Engine Brands
Engine brands carried at the marina and factory trained technicians that service the following:
Products and Services
The following are marina products and services available at Ben Watts:
`Property Overview
Products ServicesBoats Boat Cleaning
Engines Boat Repair and Maintenance
Equipment and supplies Boat storage
Propellers Canvas/Upholstery
Used Boat Parts Engine Repair and Maintenance
Instruction
Marina Electrical
Marina Towing
Propeller service
surveyors
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BEN WATTS MARINA | FOX LAKE, ILLINOIS
`Aerial Photographs
BOAT LAUNCH
GAS DOCKS
SHOWROOMCOLD STORAGE SHIP STORE
RV SITES
OFFICES
COLD STORAGE
PISTAKEELAKE
MECHANIC SHOP
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BEN WATTS MARINA | FOX LAKE, ILLINOIS
`Aerial Photographs
SHOWROOMCOLD STORAGE
MECHANIC SHOP
SHIP STORE
RV SITES
OFFICES
COLD STORAGE
PISTAKEELAKE
BOAT LAUNCH
GAS DOCKS
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BEN WATTS MARINA | FOX LAKE, ILLINOIS
`Plat of Survey
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BEN WATTs MARINA | FOX LAKE, ILLINOIs
About Fox Lake, Illinois
The village of Fox Lake is a village in Grant Township, Lake County, Illinois and Richmond Township, Mchenry County, Illinois. The population was 10,579 at the 2010 census. Fox Lake is located 55 miles northwest of downtown Chicago and 20 miles west of Waukegan, Illinois. The village center is located on the south shore of Pistakee Lake, Nippersink Lake, and Fox Lake, three connected water bodies that form part of the Chain O’Lakes system, flowing southwest via the Fox River to the Illinois River. The village limits extend north in a sinuous manner all the way to the Wisconsin border.
According to the 2010 census, the village has a total area of 9.94 square miles, of which 8.12 square miles is land and 1.82 square miles is water.
Many Chicagoans have established summer homes in Fox Lake. The village is situated among the Chain O’Lakes, where swimming, boating, jet skiing, tubing and boarding are popular activities. In 2006, there were an estimated 28,000 boats registered on the lake system.
Chain of LakesWhen the Wisconsin glacier melted, it left behind a chain of lakes—Pistakee, Nippersink, Fox, Grass, Petite, and others—in the Fox River valley. The Illinois Fox River Chain of Lakes is the busiest inland recreational waterway per acre in the entire United states. Only an hour’s drive from Chicago, Milwaukee, and Rockford, and with over 7,100 acres of water, 15 lakes and 45 miles of river. Today, Fox Lake is a haven for many water sports enthusiasts; the area remains one of the busiest aquatic vacation sites in the United states.
`Village of Fox Lake
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BEN WATTs MARINA | FOX LAKE, ILLINOIs
GATEWAY TO THE CHAIN OF LAKESVILLAGE OF FOX LAKE
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290OHARE
AIRPORT
WISCONSIN
UNION STATION
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AUKEE D
ISTRICT / NO
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KENOSHA
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MILWAUKEE
CHICAGO
SCHAUMBURG
BARRINGTON
GURNEE
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CHICAGO
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OHAREAIRPORT
UNION STATION
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AUKEE D
ISTRICT / NO
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E Village of Fox Lake
Centrally located in the “Heart of the Chain O’ Lakes”, Fox Lake offers its residents and visitors a rich history, natural beauty, and unique business opportunities. The community is well known as a resort and recreational destination. The area is well connected to the region by road and Metra rail, making it an attractive residential and business location. The Fox Lake Vision Plan will capitalize on these existing assets and simultaneously maximize the economic development and transit oriented development potential within the community.
FOX LAKE AMENITIES:
VILLAGE OF FOX LAKE...
66 Thillen DriveFox Lake, IL 60020
Office: (847) 587-3176www.foxlake.org
FOX LAKE REGIONAL PROXIMITY:
In 1910Called “Heart of Nature” and identified as “Far from the City’ s Sweat and Toil, but only 90 minutes away, a healthful, pleasurable and restful resort”.
Today Attractions -Connection to Nature » Three Lakes surround the town on 3 sides and
connected to 6 other Chain Lakes up to Wisconsin. » 2 -18 hole Golf Courses and 1 -9 hole all within 10
minutes of our downtown - Fox Lake County Club, Pistakee Lake and Chapel Hill Golf Courses
» 3 State Parks within 10 -15 minutes of downtown Fox Lake
Chain of Lakes State Park » 6,I00 acres, borders 3 natural lakes and connects to
7 others, 6,500 acres of water and 488 miles of chain shoreline.
» Park has 4 trail systems: » 2.25 Nature Trail
• 1/4 mile trail design for disabled users • 8 miles equestrian trail with horse rental available in summer, also has
parking area for horse trailers • 6 mile hikinglbiking trail from picnic area. Park has 151 Class A
premium camping sites and 87 Class B premium sites. Boat and Canoe rentals are also available.
Glacier Park in Ringwood » 7 miles of trails past many glacial features, tall grass
and meadows, has canoeing and kayaking launch sites.
Moraine Hills State Park » Over 10 miles of trails popular for hikers, snow
skiers and bikers. Fishing is popular particularly near Mc Henry Dam, has boat rental and bait and tackle shop.
Volo Bog » In addition for nature lovers, there is the Volo Bog
State Natural Area. Over 1400 acres of marshes, prairies and 2 additional bogs, 2 walking trails are within the park.
Other Local Amenities » “Connection to Nature” - unknown restrictions of
our daily life » Wilmot Gander Mountain Ski Resort » Alpine Valley Ski Resort » Grand Geneva Ski in Lake Geneva » Water Cruises » Venetian Night Board Parade and Fireworks » Ice Fishing » Snowmobiling » 28 Acre Cornmaze » 40 miles Northwest of Chicago
A view of the sunset from downtown Fox Lake
LAKE GENEVA, WI
KENOSHA, WI
SCHAUMBURG, IL
MILWAUKEE, WI
CHICAGO, IL
CHICAGO, IL - UNION STATION*
30-min drive
45-min drive
45-min drive
75-min drive
75-min drive
90-min train ride
5 10 15 20 25 30 35 40 45 50Travel Times and Distances from Fox Lake
miles: 55 60
* Milwaukee District / North Line (MD-N) Service from Chicago’s Union Station to Fox Lake
Average Daily Cars on Route 12: 20,000 - 24,000
`Fox Lake Amenities
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BEN WATTS MARINA | FOX LAKE, ILLINOIS
`Demographic Site Map
Site Map116 S Us 12, Fox Lake, IL, 60020 National Golf and Marina Properties GroupRing: 1, 3, 5 Miles Latitude: 42.389649
Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households.Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received byall persons aged 15 years and over divided by the total population.
Data Note: Income represents the preceding year, expressed in current dollars. Household income includes wage and salary earnings, interest dividends, net rents,pensions, SSI and welfare payments, child support, and alimony.
In Nonfamily Households 24.9% 15.8% 12.9%In Group Quarters 1.0% 0.1% 0.3%
Institutionalized Population 1.0% 0.1% 0.3%Noninstitutionalized Population 0.0% 0.0% 0.0%
Data Note: Persons of Hispanic Origin may be of any race. The Diversity Index measures the probability that two people from the same area will be from differentrace/ethnic groups.
1 Person Household 37.8% 26.0% 22.7%2 Person Household 30.9% 33.7% 31.6%3 Person Household 14.4% 16.9% 16.8%4 Person Household 10.4% 13.6% 15.2%5 Person Household 3.8% 6.2% 7.8%6 Person Household 1.6% 2.4% 3.3%7 + Person Household 1.0% 1.3% 2.7%
2010 Households by Tenure and Mortgage StatusTotal 2,139 12,252 31,407
Owner Occupied 60.4% 79.5% 80.9%Owned with a Mortgage/Loan 47.7% 64.0% 66.5%Owned Free and Clear 12.7% 15.5% 14.4%
Renter Occupied 39.6% 20.5% 19.1%
Data Note: Households with children include any households with people under age 18, related or not. Multigenerational households are families with 3 or more parent-child relationships. Unmarried partner households are usually classified as nonfamily households unless there is another member of the household related to thehouseholder. Multigenerational and unmarried partner households are reported only to the tract level. Esri estimated block group data, which is used to estimatepolygons or non-standard geography.
Travel: Total $ $3,304,669 $25,871,155 $68,130,392Average Spent $1,571.41 $2,097.89 $2,147.80Spending Potential Index 86 114 117
Vehicle Maintenance & Repairs: Total $ $1,961,791 $14,650,534 $38,938,058Average Spent $932.85 $1,188.01 $1,227.52Spending Potential Index 85 109 112
Data Note: Consumer spending shows the amount spent on a variety of goods and services by households that reside in the area. Expenditures are shown by broadbudget categories that are not mutually exclusive. Consumer spending does not equal business revenue. Total and Average Amount Spent Per Household represent annualfigures. The Spending Potential Index represents the amount spent in the area relative to a national average of 100.Source: Consumer Spending data are derived from the 2010 and 2011 Consumer Expenditure Surveys, Bureau of Labor Statistics. Esri.