fox lake marina development, email_mineola copy

Division of Coldwell Banker Commercial NRT

MIXED-USE DEVELOPMENT PROPERTYFox Lake, Illinois

Eddy A. DingmanNational Golf Course & Marina Properties Group

847-313-4633 | [email protected]

National Golf and Marina Properties Group | Coldwell Banker Commercial NRT


I. EXECUTIVE SUMMARY ......................................................... 1 - Marina Overview

- Property Overview

II. PROPERTY LOCATION ........................................................... 3 - Aerial Photograph

- Property Photographs

- Plat of Survey

III. FOX LAKE ILLINOIS ............................................................... 8 - About Village of Fox Lake

- Chain of Lakes

- Fox Lake Amenities

IV. DEMOGRAPHICS ................................................................ 10 - Radius Site Map

- Radius Demographics

V. OPINION OF VALUE ............................................................. 15 Asset Valuation

TABLE OF CONTENTS

i



The National Golf and Marina Properties Group of Coldwell Banker

Commercial NRT is pleased to offer the sale of 17.5 acre marina and

development site s at Mineola Marina.

Property is located in northeastern Illinois, midway between Chicago and

Milwaukee. Situated the Chain-of-Lakes recreational area.

This large scale development opportunity is located on one of the worlds busiest water ways of Chain of Lakes. Property consists of 17.5 +/- acres of usable land as has 380’ of water frontage. Property is improved with city sewer and water and is zoned B5 & R3 / with multiple PIN’s. This is the last large parcel left to build on the Chain o’ Lakes. This site can be turned into a large scale development, condos / condos with marina & condo with boat slips / hotel / restaurant / rownhomes etc.

1

EXECUTIVE SUMMARY



The property is currently being used for a Marina on a small scale (Mineola Marina). The site is being sold on a development scale, and not as the current marina operation - nor is the business for sale. )URP�WKH�SHDN�RI�WKLV�SURSHUW\�RQH�FRXOG�VHH�WKH�&KLFDJR�VN\OLQH��3URSHUW\�LV�FRPSULVHG�RI�ÀYH�3,1·V�as follows:

05-03-300-215 91 Cora Avenue

05-03-300-209 91 Forest Avenue



05-03-300-216 117 Cora Avenue

Site has the capability to launch and store boats. Two buildings are located on the property with approximately 40,000 sf of boat storage and marina. Inside storage can hold up 200+ boats.

` Site has sewer and water

` Current zoning is B5 and R3

` 2011 taxes were approximately $75,000

Property is being marketed as a waterfront condo/hotel development. The immediate locale around the site is home to many water events, a venetian night, organized boat races and the like. The area is PDQDJHG�E\�WKH�1DWLRQDO�3DUNV�DQG�WKH\�ZRUN�WR�SUHVHUYH�ÀVKLQJ��ZLOGOLIH��DV�ZHOO�DV�WKH�HFRV\VWHP�

PROPERTY OVERVIEW



AERIAL PHOTOGRAPH



PLAT OF SURVEY



About Fox Lake, Illinois

The Village of Fox Lake is a village in Grant Township, Lake County, Illinois and Richmond Township, McHenry County, Illinois. The population was 10,579 at the 2010 census. Fox Lake is located 55 miles northwest of downtown Chicago and 20 miles west of Waukegan, Illinois. The village center is located on the south shore of Pistakee Lake, Nippersink Lake, and Fox Lake, three connected water ERGLHV�WKDW�IRUP�SDUW�RI�WKH�&KDLQ�2·/DNHV�V\VWHP��ÁRZLQJ�VRXWKZHVW�YLD�WKH�)R[�5LYHU�WR�WKH�,OOLQRLV�River. The village limits extend north in a sinuous manner all the way to the Wisconsin border.

According to the 2010 census, the village has a total area of 9.94 square miles, of which 8.12 square miles is land and 1.82 square miles is water.

Many Chicagoans have established summer homes in Fox Lake. The village is situated among the Chain O’Lakes, where swimming, boating, jet skiing, tubing and boarding are popular activities. In 2006, there were an estimated 28,000 boats registered on the lake system.

Chain of Lakes

When the Wisconsin glacier melted, it left behind a chain of lakes—Pistakee, Nippersink, Fox, Grass, Petite, and others—in the Fox River Valley. The Illinois Fox River Chain of Lakes is the busiest inland recreational waterway per acre in the entire United States. Only an hour’s drive from Chicago, Milwaukee, and Rockford, and with over 7,100 acres of water, 15 lakes and 45 miles of river. Today, Fox Lake is a haven for many water sports enthusiasts; the area remains one of the busiest aquatic vacation sites in the United States.

ABOUT FOX LAKE



FOX LAKE AMENITIES:

In 1910Called “Heart of Nature” and identi!ed as “Far from the City’ s Sweat and Toil, but only 90 minutes away, a healthful, pleasurable and restful resort”.

Today Attractions -Connection to Nature » Three Lakes surround the town on 3 sides and

connected to 6 other Chain Lakes up to Wisconsin. » 2 -18 hole Golf Courses and 1 -9 hole all within 10

minutes of our downtown - Fox Lake County Club, Pistakee Lake and Chapel Hill Golf Courses

» 3 State Parks within 10 -15 minutes of downtown Fox Lake

Chain of Lakes State Park » 6,I00 acres, borders 3 natural lakes and connects to

7 others, 6,500 acres of water and 488 miles of chain shoreline.

» Park has 4 trail systems: » 2.25 Nature Trail

• 1/4 mile trail design for disabled users • 8 miles equestrian trail with horse rental available in summer, also has

parking area for horse trailers • 6 mile hikinglbiking trail from picnic area. Park has 151 Class A

premium camping sites and 87 Class B premium sites. Boat and Canoe rentals are also available.

Glacier Park in Ringwood » 7 miles of trails past many glacial features, tall grass

and meadows, has canoeing and kayaking launch sites.

Moraine Hills State Park » Over 10 miles of trails popular for hikers, snow

skiers and bikers. Fishing is popular particularly near Mc Henry Dam, has boat rental and bait and tackle shop.

Volo Bog » In addition for nature lovers, there is the Volo Bog

State Natural Area. Over 1400 acres of marshes, prairies and 2 additional bogs, 2 walking trails are within the park.

Other Local Amenities » “Connection to Nature” - unknown restrictions of

our daily life » Wilmot Gander Mountain Ski Resort » Alpine Valley Ski Resort » Grand Geneva Ski in Lake Geneva » Water Cruises » Venetian Night Board Parade and Fireworks » Ice Fishing » Snowmobiling » 28 Acre Cornmaze » 40 miles Northwest of Chicago



DEMOGRAPHICS

Population 1-mi. 3-mi. 5-mi.

Total Population 4,384 29,318 83,065

Group Quarters Population 45 51 314

Urban Population 4,383 29,011 80,254

Rural Population 1 308 2,811

Not defined 0 0 0

Adult Population 3,503 22,887 61,456

Ratio of Males to Females 1.0 1.0 1.0

Female Population 2,247 14,563 41,251

Male Population 2,136 14,755 41,814

Land Area (Square Miles) 1.6 22.1 68.3

Age 1-mi. 3-mi. 5-mi.

Median Age, Total 41.1 41.1 37.3

Median Age, Male 39.4 40.3 36.6

Median Age, Female 42.7 41.8 37.9

% Age 18+ 79.9 78.1 74.0

% Age 21+ 77.1 74.6 70.5

% Age 55+ 28.7 26.7 22.2

% Age 65+ 16.0 13.1 10.3



DEMOGRAPHICS

Ethnicity 1-mi. 3-mi. 5-mi.

% White 86.0 88.1 74.6

% Black 0.8 1.0 2.2

% Asian 0.7 1.0 2.6

% Hispanic 10.7 8.5 19.0

% Other 1.9 1.5 1.6

5 Year Projections 1-mi. 3-mi. 5-mi.

Total Population 4,430 30,609 89,467

Group Quarters Population 45 51 314

Adult Population 3,536 24,069 66,758

Total Households 2,021 12,555 32,837

Per Capita Income (based on Total Population) 32,601 37,805 36,189

Total Population 16+ 3,623 24,846 69,234

5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi.

% White 85.2 87.3 73.3

% Black 0.8 1.1 2.3

% Asian 0.7 1.1 3.0

% Hispanic 11.4 9.1 19.9

% Other 1.9 1.5 1.6

Housing and Household's 1-mi. 3-mi. 5-mi.

Total Housing Units 2,304 13,660 33,470

Total Households 1,976 11,925 30,081

Owner-Occupied: Owned with a mortgage or loan 914 7,333 19,854

Owner-Occupied: Owned free and clear 242 2,010 4,497

Renter-Occupied 820 2,582 5,729

Aggregate Contract Rent $543,832 $1,939,478 $4,558,742

Average (Mean) Number of Vehicles Available 1.9 2.0 2.1



DEMOGRAPHICS

Housing Value 1-mi. 3-mi. 5-mi.

Housing Value < $10,000 0 33 153

Housing Value $10,000-$14,999 0 42 164

Housing Value $15,000-$19,999 2 6 47

Housing Value $20,000-$24,999 14 38 77

Housing Value $25,000-$29,999 1 13 64

Housing Value $30,000-$34,999 0 3 21

Housing Value $35,000-$39,999 7 39 50

Housing Value $40,000-$49,999 46 310 403

Housing Value $50,000-$59,999 0 121 293

Housing Value $60,000-$69,999 7 107 301

Housing Value $70,000-$79,999 28 85 176

Housing Value $80,000-$89,999 10 75 209

Housing Value $90,000-$99,999 89 325 611

Housing Value $100,000-$124,999 162 786 1,815

Housing Value $125,000-$149,999 127 1,010 2,845

Housing Value $150,000-$174,999 213 1,651 3,841

Housing Value $175,000-$199,999 139 1,230 2,853

Housing Value $200,000-$249,999 147 1,531 4,139

Housing Value $250,000-$299,999 74 788 2,579

Housing Value $300,000-$399,999 57 654 2,275

Housing Value $400,000-$499,999 20 246 757

Housing Value $500,000-$749,999 3 134 435

Housing Value $750,000-$999,999 10 78 149

Housing Value $1,000,000 or more 0 36 94

Total Owner-occupied housing units (OOHU) 1,156 9,343 24,351

Income 1-mi. 3-mi. 5-mi.

Per Capita Income (based on Total Population) $28,147 $32,194 $30,721

Average (Mean) Household Income $63,145 $80,081 $85,710

Median Household Income $50,747 $64,417 $69,219

Aggregate Income $125,341,153 $955,633,139 $2,582,326,976



DEMOGRAPHICS

% Households by Income 1-mi. 3-mi. 5-mi.

% Household Income < $10,000 9.9 5.3 4.3

% Household Income $10,000-$14,999 6.7 3.9 2.8
















% Household Income $500,000+ 0.3 0.7 0.8

Education 1-mi. 3-mi. 5-mi.

College undergraduate 409 1,631 4,398

Graduate or prof school 32 268 834

Employment and Occupation 1-mi. 3-mi. 5-mi.

Total Civilian employed population aged 16+ 2,021 14,232 39,168



DEMOGRAPHICS

% Employment by Industry 1-mi. 3-mi. 5-mi.

% Armed Forces 0.1 0.0 0.1

% Civilian, Employed 56.1 60.0 61.2

% Civilian, Unemployed 5.2 7.1 7.4

% Not in Labor Force 38.6 32.9 31.3

% Agriculture, forestery, fishing/hunting, mining 0 0.3 0.5

% Construction 5.2 8.3 7.6

% Manufacturing 9.6 15.9 17.1

% Wholesale trade 3.3 4.4 4.6

% Retail trade 16.0 13.3 13.4

% Transportation and warehousing and utilities 7.6 6.3 4.9

% Information 1.0 1.8 2.3

% Finance and ins, real estate, rental and leasing 6.4 5.9 5.6

% Professional, sci, mgmt, admin and waste mgmt svcs 10.5 11.5 11.9

% Educational svcs, health care and social asst 20.0 15.5 16.1

% Arts, entertainmnt, recreation, accom. and food svcs 15.4 8.9 8.7

% Other svcs, except public admin 3.2 4.8 4.4

% Public admin 2.1 3.1 3.1

Transportation to Work 1-mi. 3-mi. 5-mi.

Total Workers 16+ 2,021 14,232 39,168

Car, truck, or van 1,704 12,812 35,723

Public transport (not taxi) 80 467 1,083

Taxicab 9 9 9

Motorcycle 0 18 32

Bicycle 0 36 132

Walked 57 125 275

Other means 34 113 301

Worked at home 137 653 1,612



DEMOGRAPHICS

Consumer Expenditures 1-mi. 3-mi. 5-mi.

Average Apparel $1,700.0 $1,862.5 $1,959.5

Average Education $1,112.5 $1,306.7 $1,377.4

Average Entertainment $2,608.2 $2,975.4 $3,021.9

Average Food and Beverages $6,926.8 $7,665.4 $7,917.7

Average Gifts $1,105.2 $1,274.6 $1,264.4

Average Health Care $3,907.4 $4,246.5 $4,120.3

Average Household Furnishings and Equipment $1,494.3 $1,723.7 $1,749.8

Average Household Operations $967.9 $1,076.8 $1,105.4

Average Personal Care $597.9 $681.3 $700.0

Average Personal Expenditure $810.3 $889.1 $881.7

Average Reading $130.6 $145.5 $141.2

Average Shelter $8,624.5 $9,550.1 $9,968.8

Average Transportation $8,500.2 $9,482.7 $9,772.3

Average Utilities $3,464.7 $3,717.4 $3,769.9

Demand by Store Type 1-mi. 3-mi. 5-mi.

Motor Vehicle & Parts Dealers $6,830,535 $45,644,309 $120,156,774

Furniture & Home Furnishings Stores $847,697 $5,911,551 $15,561,924

Electronics & Appliance Stores $659,217 $4,557,836 $12,039,734

Building Material & Garden Equipment & Supply Dealers $1,430,695 $9,978,230 $25,363,334

Food & Beverage Stores $6,665,477 $43,735,594 $113,500,791

Health & Personal Care Stores $1,347,673 $8,964,056 $22,520,731

Gasoline stations $6,141,384 $40,550,407 $105,493,754

Clothing & Clothing Accessories Stores $1,725,350 $11,343,140 $30,115,130

Sporting Goods, Hobby, Book, & Music Stores $566,383 $3,877,817 $10,120,582

General Merchandise Stores $5,276,160 $35,100,635 $91,638,753

Miscellaneous Store Retailers $950,887 $6,391,405 $16,187,560

Nonstore retailers $1,969,046 $13,211,865 $33,893,378

Foodservice & Drinking Places $4,960,441 $33,875,333 $89,675,770

General Merchandise, Apparel and Accessories, Furniture and Other Sales$9,368,538 $62,785,184 $164,593,212

2012/2013 Demographics provided by Experian through Alteryx



Exclusive Agent:

Eddy A. Dingman, Marina Broker

direct 847-313-4633

e-fax 781-987-6626

[email protected]

OPINION OF VALUE

Valerie Rivera, Marina Broker Associate

direct 847-313-4620

e-fax 781-609-4679

[email protected]

The site can be developed into a mid to high-end gated townhome community with a marina and/or the purchase of individual slips per condo unit. All 17.5 acres are usable with utilities to site, making for a quick and easy development.

Current owners will assist on cost for demolition of the world renowned Mineola Hotel. This cove brings the beautiful site of the surrounding waters and on a clear day you can see the Chicago skyline.

3URSHUW\�FXUUHQWO\�KDV�D��EHGURRP��EDWK�KRPH�DQG�FDQ�EH�XVHG�IRU�DQ�RIÀFH�RU�FRQVWUXFWLRQ�RIÀFH��This is the last of it’s kind on the Chain of Lakes!

For additional information, please contact us below:

fox lake marina development, email_mineola copy

Documents

fox lake illinois

property location

marina condo

development scale

development site s

current marina operation

village of fox lake

small scale mineola