RV Park/Campground Details
- Cap Rate: 8.6%
- Listing ID: 1948908
- Posted On: Dec 6, 2022
- Updated On: Dec 20, 2022
Description
2022 TTM NOI $437,611
2021 NOI $626,978
Year 1 NOI $455,951
$1,007,520 in 2023 Reservations already booked
All Age
365 Sites
157 - 50 Amp sites, 198 - 30 Amp sites, and 10 primitive sites
Location
208 acres surround an 85-acre crystal clear spring-fed lake located 94 miles from Chicago. The Resort has 365 RV sites, 297 full hook-up sites, 58 water, and electric sites, and 10 primitive sites. 72 sites have full-time park models. RV guests enjoy a beautiful beach, fishing, scuba diving, horseshoes, laundry facilities, and a recreational pavilion.
Amenities
- Laundromat
- Club House
- Storage
- Manager Office
- Bathhouse
- Store
- Wifi
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Park Information
| Number of RV Lots: | 365 |
| Year Built: | 1967 |
| Average RV Lot Rent: | $1,230 |
| Size: | 208.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $834,738 |
| Operating Expense: | $395,482 |
| Net Operating Income: | $455,951 |
| Expense Ratio: | 47.4 % |
| Debt Info: | N/A |
Utility Information
| Water: | Well |
| Sewer: | City |
