Antioch Specialty for Sale - Central Northwest
Investment Overview
This gated waterfront marina and seasonal trailer community is located within a protected cove on the Chain O’Lakes. The property consists of 100 wet slips and 45 seasonal trailer sites situated on 6.08 usable upland acres. The marina benefits from significant recent capital improvements, including channel dredging approximately 3–4 years ago and replacement of nearly 50% of the docks within the last three years.
Total Usable Uplands: 6.08 Acres
Protected Harbor Location
100 Total Wet Slips
45 Seasonal Trailer Sites (each includes one wet slip)
Marina & Revenue Configuration
55 Standalone Slips @ $1,600 per season
45 Trailer Sites @ $3,775 – $7,000 per season (includes slip)
Seasonal Standalone Slip Revenue: 55 x $1,600 = $88,000
Storage & Improvements
Covered cold storage for 60+ boats under roof (non-heated)
Outdoor storage capacity for approximately 60 vessels
Two large pole barns (gravel floors)
Maintenance building with cement floor, overhead door, and furnace
Two launch ramps
Two wells and two septic systems
Boaters lounge located on the point
Duplex – Vacant Value-Add Opportunity
The on-site duplex has been intentionally vacated by ownership. Former rents were below market, providing immediate opportunity for renovation and repositioning.
Projected Market Rent Potential:
Larger Unit: ~$2,000/month
Smaller Unit: ~$1,400/month
Projected Annual Potential: ~$40,800
Wet Slip Moratorium & Valuation Benchmark
There is a moratorium on new wet slips within the Chain O’Lakes, creating a significant barrier to entry for new marina development.
Recent market transactions indicate slip values ranging from $12,000 – $15,000 per slip.
Implied 100-slip valuation range: $1,200,000 – $1,500,000 (slip component alone).
Projected Stabilized Income (Conservative)
Revenue Source Annual Projection
Trailer Sites (45 @ $5,000 avg) $225,000
Standalone Slips (55 @ $1,600) $88,000
Covered Cold Storage $36,000
Outdoor Storage / Shrink Wrap $60,000
Duplex $40,800
Mechanic Lease (Estimated) $27,000
Projected Gross Revenue: $476,800
Operating Overview
The marina operates approximately six months per year. A full-time manager is employed at $50,000 annually and typically brings in one part-time seasonal employee during peak summer months. There are no additional employees, resulting in a lean operating structure and relatively low overhead.
Assumed Operating Expense Ratio: ~40%
Projected NOI (approx.): ~$286,000
Pricing & Transaction Structure
Asking Price: $1,875,000
Due Diligence: 30–45 days
Earnest Money: $25,000 at LOI execution + $25,000 at DD completion
Earnest money becomes non-refundable after due diligence
15-day closing window following due diligence
Confidential Offering – NDA and Proof of Funds required prior to financial disclosure. One-week prior notice required for tours. 48-hour NDA review period.