Lake Michigan Marina For Sale with Restaurant & Bar
Marina Shores at Dune Harbor
located in Portage, Indiana
For Sale – The Marina and Basin, Harbor Office/Ships Store, Yacht Club/Restaurant with multiple Bars/Lounges, a Health Club, and Swimming Pool. The real estate for each of these operations is included and all described property will be conveyed in fee. Cash flows are strong in the marina and at the fuel docks but they are suffering at the yacht club. Additional adjacent land is available to be acquired separately and developed into a much larger marina and storage facility.
A Unique Waterfront Business Opportunity.
This Marina is located 30 miles southeast of Chicago and is situated on the south end of Lake Michigan in its own protected harbor. Adjacent multi-family housing development continues to be added to the overall development providing more and more customers and enhanced appeal to the boating public. In addition to the boat docks, there is continuing expansion of the PWC demand for storage along with increasing fuel sales and growing patronage at the Yacht Club.
The basin consists of approximately 17 acres of water. The bottoms are owned and will be conveyed in fee. An Association manages the overall property and will collect fees for customer use of public areas. Currently the Yacht Club is operated by a tenant who is committed to the continual improvement, upgrade, and profitability of the facility which contributes greatly to the ambiance and enjoyment of the boating public. The Yacht Club is a major draw and although it does not cash flow at this time, there are very real options for what can be done to rectify that situation (which can be discussed).
The 270 +/- floating wet slips (accommodating vessels up to 50 feet) are loaded with amenities and are in excellent condition. Customers enjoy adjacent parking to the boardwalk along the waterfront which is maintained by the Association.
This facility continues to grow along with all that is being developed in the area. The upside from this continuing growth, as well as rights to additional slips, could be acquired as part of a (large vacant land) marina development on the south side.
COMMERCIAL MARITIME SPECIALIST | MARINA & SHIPYARD CONSULTANT