Property summary
This exceptional turnkey marina opportunity is situated on a prime 17.65-acre parcel along the Mississippi River in Moline, Illinois. The property boasts 104 boat slips, 67 of which are covered and equipped with electrical and plumbing hookups. A significant portion of the marina (approximately 75%) maintained occupancy in 2023, demonstrating strong potential for revenue generation. On-site amenities include a small maintenance building complete with three restrooms and showers. A fuel dock, featuring a 2,000-gallon tank (currently decommissioned), is also available for potential reactivation. The property benefits from a public boat ramp located conveniently nearby, enhancing accessibility and attracting additional boaters. The marina is ideally positioned adjacent to a newly constructed (2020) restaurant, offering synergistic potential. This remarkable offering includes a long-term, assumable ground lease with the City of Moline at a low lease rate, providing financial stability and security for the future. The sale price is $1,250,000.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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