Waterfront Marina with Wet
39922 N LAKEVIEW RD Antioch, IL 60002
New
Established marina on Grass Lake with approximately 40 wet slips and direct access to the Chain O' Lakes.
Type:Retail, Special Purpose
Property size:
5,880 SFPrice / SF:
$166/SF- Added:
- Jul 6, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 9 at 2:00 am
Property Features for 39922 N LAKEVIEW RD
General Information
- Standard status
- Active
- Size
- 5,880 SF
- Property subtype
- Retail, Special Purpose
Building Details
- Year Built
- 1970
Listing office Baird & Warner Libertyville
Listing date Jul 6, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner Libertyville
Investment Insights
Based on property information with market context.
Porthole Marina is an established waterfront marina on Grass Lake featuring approximately 40 existing wet slips. The property is offered for sale with existing marina operations in place, providing a turnkey waterfront base for ongoing boating activity.
The marina is located in Antioch, Illinois, with direct access to the Chain O’ Lakes. This access supports recreational boating and waterfront use in the surrounding region.
In addition to its slip inventory, the property offers room to expand ancillary income by adding or developing marine services and related offerings such as repair, mechanical service, detailing, winterization, storage, brokerage, and marine retail, depending on the owner’s operating plan.
The marina is located in Antioch, Illinois, with direct access to the Chain O’ Lakes. This access supports recreational boating and waterfront use in the surrounding region.
In addition to its slip inventory, the property offers room to expand ancillary income by adding or developing marine services and related offerings such as repair, mechanical service, detailing, winterization, storage, brokerage, and marine retail, depending on the owner’s operating plan.
Key Highlights
- Established marina on Grass Lake with direct access to the Chain O' Lakes recreational boating destination
- Improved with approximately 40 existing wet slips for marina boat berthing
- Year‑round marine services value‑add potential including boat repair, mechanical service, detailing, winterization, storage, brokerage, and marine retail
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.2k | $15.00 |
| − Vacancy | −$2.3k | −$0.39 |
| EGI | $85.9k | $14.61 |
| − OpEx | −$25.8k | −$4.38 |
| NOI | $60.1k | $10.23 |
5,880 SF · lease $15.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$859.1K
$751.7K – $1.00M
NOI $60,135 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,107 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Porthole Marina
Marina
Skunk Works Inc
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Marina - Established marina on Grass Lake with approximately 40 wet slips and direct access to the Chain O' Lakes.
Where is this marina located?
The property is located at 39922 N LAKEVIEW RD Antioch, IL.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Established marina on Grass Lake with direct access to the Chain O' Lakes recreational boating destination; Improved with approximately 40 existing wet slips for marina boat berthing; Year‑round marine services value‑add potential including boat repair, mechanical service, detailing, winterization, storage, brokerage, and marine retail
