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    6159 Dune Harbor Dr Portage, IN 46368

    Sponsored
    For Sale
    $6,800,000

    Lake Michigan Marina For Sale

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional opportunity to acquire a thriving marina on Lake Michigan, just 30 miles southeast of Chicago. This turnkey operation includes approximately 17 acres of marina basin and waterway, a fully operational harbor office/ships store and cleaning station on approximately 0.27 acres, and an additional 0.75 acres of undeveloped outparcel. The marina boasts 267 floating wet slips (accommodating vessels up to 50 feet) and 57 jet ski slips, all in excellent condition and equipped with numerous amenities. Customers enjoy convenient parking adjacent to the waterfront boardwalk, maintained by a homeowner's association. The property also benefits from a thriving third-party operated restaurant, bars, and fitness center, significantly enhancing the marina's appeal and profitability. The adjacent multi-family housing development continues to expand, ensuring a consistent customer base and strong future growth potential. This sale includes all floating docks, pedestals, ramps, pilings, and other assets attached to or resting upon the floating docks (excluding customer-owned items). The asking price is $6,800,000. This is a rare opportunity to own a well-established and highly profitable marina in a prime location. The property's strategic location within a protected harbor on the south end of Lake Michigan, coupled with its proximity to a growing residential community, makes it an exceptionally attractive investment.

    Property Features for 6159 Dune Harbor Dr

    General Information

    Property type
    Marinas

    HighLights

    • 267 boat slips (up to 50ft) and 57 jet ski slips, excellent condition, ample parking.
    • 17‑acre marina basin and waterway.
    • 0.75‑acre undeveloped outparcel.
    • 0.27‑acre harbor office/ships store building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rainmaker Charters Fishing Charter Marina Shores At Dune ... Marina Phillippe Builders: Marina ... Construction Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Storage Facility Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.1771681
    Latitude
    41.6172421

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    FAQs

    What type of property is this?
    Marina - Lake Michigan Marina For Sale
    Where is this marina located?
    The property is located at 6159 Dune Harbor Dr Portage, IN.
    What is the asking price?
    The asking price for this property is $6,800,000.
    What are key features of this property?
    This property features: 267 boat slips (up to 50ft) and 57 jet ski slips, excellent condition, ample parking.; 17-acre marina basin and waterway.; 0.75-acre undeveloped outparcel.
    Request Owner's contact information
    6159 Dune Harbor Dr Portage, IN 46368
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6159 Dune Harbor Dr Portage, IN 46368
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