215 Water St, Grafton, IL 62037-1146
This exceptional, turnkey marina in Grafton, Illinois, is offered at $6,450,000. Known as "The Key West of the Midwest," this established business boasts approximately 304 slips, including covered and open wet slips, catering to boaters of all sizes. Amenities include a full-service restaurant (leased and operated by tenants), a winery (owner-operated), a 53' all-weather tour boat, a floating "ARRR Bar," laundry facilities, two offices, a floating pool and hot tub, high-speed diesel and gas pumps, a ships' store, general store, and gift shop. The marina also features personal watercraft dockage and a protective breakwater. The property includes long-term renewable submerged land leases. Minimal deferred maintenance is reported. A significant value-add opportunity exists with approved plans for a dry storage building (racks). This is a rare opportunity to acquire a well-established, profitable marina in a desirable location. The property is located at 215 W Water St, Grafton, IL 62037.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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