Smaller_Water Tower Marina_McHenry_email

development opportunity

downtown waterfront development opportunity +/- 5 acres | mcHenry, il

exclusively listed by:Eddy A. Dingman

national Golf course & marina properties Group

847-313-4633 | 847-987-6626

[email protected]

www.nat iona lgo l fandmar ina .com

PRICE REDUCTION!

Coldwel l Banker Commerc ia l NRT | Nat iona l Go l f Course and Mar ina Proper t ies Group

ww

w.n

ati

on

alg

olf

an

dm

ari

na

.co

m

waterfront development | mcHenry, illinois

I. executive summary .................................................................1 - water tower marina overview

II. property pHotoGrapHs .......................................................3 - boat slip photographs

- marina building photographs

III. mcHenry illinois .....................................................................5 - about

- Heart of the fox river

IV. location summary .................................................................6 - flood Zone & boat slip aerial

- nearby retail aerial

- site plan

- plat of survey

V. demoGrapHics ........................................................................ 10 - radius map (1, 3, 5 miles)

- demographic reports (1, 3, 5 miles)

-IncomeProfilebyRadius

VI. opinion of value .................................................................. 19 asset valuation

VII. addendum ................................................................................ 20

addendum information

- epa report

- mcHenry riverwalk master plan

table of contents


ww

w.n

ati

on

alg

olf

an

dm

ari

na

.co

m


The National Golf and Marina Properties Group of coldwell

banker commercial nrt is pleased to offer the sale of this ±5

acre mixed use development opportunity located in mcHenry

illinois.

property is located at 3112 west lincoln road in mcHenry, one

block north of route 120, directly across from mcHenry’s new

downtown development.

1

sale price: $2,825,000

± 5 acres mixed use development opportunity

approximately 670’ of fox river frontage

98 boat slips

2 boat ramps

across from mcHenry’s new downtown development

sewer & water to site

marina overview

PRICE REDUCTION!

Coldwel l Banker Commerc ia l NRT | Nat iona l Go l f Course and Mar ina Proper t ies Group 2

ww

w.n

ati

on

alg

olf

an

dm

ari

na

.co

m


the marina

property is currently running as a marina, but can be sold as an investment opportunity. ideal developmental site for mixed use, retail/residential high rise development. this waterfront property is located on 670 feet of fox river frontage.

property has all utilities to it and can be turned into a large square development, hotel/condos/restaurant/marina with condo boat slips, etc.

property also currently has:

` 98 boat slip

` 2 boat ramps in place

` Zoned b-1v

` completed and passed phase 1 and phase 2, environmental.

property overview



• w w w . g o l f c o u r s e s a n d m a r i n a s a l e s . c o m •3

property pHotos




property pHotos


ww

w.n

ati

on

alg

olf

an

dm

ari

na

.co

m


about mcHenry, illinois

the city of mcHenry is a diverse community offering a variety of housing choices, a wide range of employment options, and unparalleled access to recreational activities. located at the heart of the fox river just 50 miles northwest of chicago, mcHenry is located in one of the fastest growing counties in the state yet retains its small town charm.

mcHenry is conveniently located at the intersection of state routes 120 and 31 in northeast illinois, minutes away from interstates 90, 94 and 43. our community is served by metra, chicagoland commuter rail service, and pace suburban bus service.

by working together in a combined effort of good will and understanding, we can make the CityofMcHenryoneofthefinestplacesintheUnitedStatestolive,workandplay.

the Heart of the fox river

the city of mcHenry, situated along the fox river and 10 miles from the wisconsin border, is a vibrant community, experiencing rapid but balanced growth over the past decade, averaging a 3-4% growth rate per year.

mcHenry is fortunate in that it has three distinct downtown areas which are rich in history: main street, Green street and riverside drive. all three areas consist of quaint specialty retail shops, as well as service-oriented businesses. each of the downtown districts has its own identity and affords tremendous opportunities for redevelopment. state route 120 and state Route31traversethedowntowndistrictswithaveragedailytrafficcountsof30,000and22,000vehicles respectively.

the mcHenry city council is committed to the ongoing success and redevelopment of the downtownareas.TheCityiscurrentlyinthefinalstagesofplanningthedevelopmentofamile-long riverwalk along boone lagoon and the fox river.

mcHenry, illinois




location aerials




nearby retail aerial


ww

w.n

ati

on

alg

olf

an

dm

ari

na

.co

m


site plan


ww

w.n

ati

on

alg

olf

an

dm

ari

na

.co

m


plat of survey




demoGrapHic map

demoGrapHic report


• w w w . n a t i o n a l g o l f a n d m a r i n a . c o m •11

waterfront development | mChenry, illinois

Executive Summary3112 W Lincoln Rd, Mchenry, IL, 60051Rings: 1, 3, 5 mile radii Latitude: 42.345809427

Longitude: -88.25862102

1 mile 3 miles 5 milesMedian Household Income

2012 Median Household Income $55,738 $61,345 $65,3642017 Median Household Income $69,885 $75,606 $77,8882012-2017 Annual Rate 4.63% 4.27% 3.57%

Average Household Income

2012 Average Household Income $68,359 $74,150 $79,0542017 Average Household Income $78,086 $84,293 $89,4742012-2017 Annual Rate 2.70% 2.60% 2.51%

Per Capita Income2012 Per Capita Income $26,869 $27,958 $29,4222017 Per Capita Income $30,981 $32,094 $33,6332012-2017 Annual Rate 2.89% 2.80% 2.71%

Households by IncomeCurrent median household income is $65,364 in the area, compared to $50,157 for all U.S. households. Median household income isprojected to be $77,888 in five years, compared to $56,895 for all U.S. households

Current average household income is $79,054 in this area, compared to $68,162 for all U.S households. Average household income isprojected to be $89,474 in five years, compared to $77,137 for all U.S. households

Current per capita income is $29,422 in the area, compared to the U.S. per capita income of $26,409. The per capita income is projected tobe $33,633 in five years, compared to $29,882 for all U.S. households Housing

2000 Total Housing Units 2,687 12,128 20,1442000 Owner Occupied Housing Units 1,625 9,209 15,7812000 Owner Occupied Housing Units 932 2,360 3,2632000 Vacant Housing Units 130 559 1,100

2010 Total Housing Units 3,204 14,959 25,6762010 Owner Occupied Housing Units 1,922 10,827 19,1552010 Renter Occupied Housing Units 1,029 3,025 4,5572010 Vacant Housing Units 253 1,107 1,964



Currently, 74.2% of the 25,680 housing units in the area are owner occupied; 18.7%, renter occupied; and 7.1% are vacant. Currently, inthe U.S., 56.5% of the housing units in the area are owner occupied; 32.1% are renter occupied; and 11.4% are vacant. In 2010, therewere 25,676 housing units in the area - 74.6% owner occupied, 17.7% renter occupied, and 7.6% vacant. The annual rate of change inhousing units since 2010 is 0.01%. Median home value in the area is $176,633, compared to a median home value of $167,749 for the U.S.In five years, median value is projected to change by 1.58% annually to $191,070.

January 30, 2013

©2013 Esri Page 2 of 2

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.

Prepared by: National Golf & Marina Properties Group

demoGrapHic report




Executive Summary3112 W Lincoln Rd, Mchenry, IL, 60051Rings: 1, 3, 5 mile radii Latitude: 42.345809427

Longitude: -88.25862102

1 mile 3 miles 5 milesMedian Household Income

2012 Median Household Income $55,738 $61,345 $65,3642017 Median Household Income $69,885 $75,606 $77,8882012-2017 Annual Rate 4.63% 4.27% 3.57%

Average Household Income

2012 Average Household Income $68,359 $74,150 $79,0542017 Average Household Income $78,086 $84,293 $89,4742012-2017 Annual Rate 2.70% 2.60% 2.51%

Per Capita Income2012 Per Capita Income $26,869 $27,958 $29,4222017 Per Capita Income $30,981 $32,094 $33,6332012-2017 Annual Rate 2.89% 2.80% 2.71%

Households by IncomeCurrent median household income is $65,364 in the area, compared to $50,157 for all U.S. households. Median household income isprojected to be $77,888 in five years, compared to $56,895 for all U.S. households

Current average household income is $79,054 in this area, compared to $68,162 for all U.S households. Average household income isprojected to be $89,474 in five years, compared to $77,137 for all U.S. households

Current per capita income is $29,422 in the area, compared to the U.S. per capita income of $26,409. The per capita income is projected tobe $33,633 in five years, compared to $29,882 for all U.S. households Housing

2000 Total Housing Units 2,687 12,128 20,1442000 Owner Occupied Housing Units 1,625 9,209 15,7812000 Owner Occupied Housing Units 932 2,360 3,2632000 Vacant Housing Units 130 559 1,100




Currently, 74.2% of the 25,680 housing units in the area are owner occupied; 18.7%, renter occupied; and 7.1% are vacant. Currently, inthe U.S., 56.5% of the housing units in the area are owner occupied; 32.1% are renter occupied; and 11.4% are vacant. In 2010, therewere 25,676 housing units in the area - 74.6% owner occupied, 17.7% renter occupied, and 7.6% vacant. The annual rate of change inhousing units since 2010 is 0.01%. Median home value in the area is $176,633, compared to a median home value of $167,749 for the U.S.In five years, median value is projected to change by 1.58% annually to $191,070.

January 30, 2013


Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.


demoGrapHic report




Demographic and Income Profile3112 W Lincoln Rd, Mchenry, IL, 60051 Prepared by: National Golf & Marina Properties GroupRing: 1 mile radius Latitude: 42.345809427

Longitude: -88.25862102

Summary Census 2010 2012 2017Population 7,361 7,434 7,602Households 2,951 2,965 3,060Families 1,932 1,932 1,983Average Household Size 2.49 2.51 2.48Owner Occupied Housing Units 1,922 1,894 1,998Renter Occupied Housing Units 1,029 1,071 1,062Median Age 38.0 38.2 38.6

Trends: 2012 - 2017 Annual Rate Area State NationalPopulation 0.45% 0.24% 0.68%Households 0.63% 0.39% 0.74%Families 0.52% 0.27% 0.72%Owner HHs 1.07% 0.57% 0.91%Median Household Income 4.63% 3.05% 2.55%

2012 2017 Households by Income Number Percent Number Percent

<$15,000 321 10.8% 306 10.0%$15,000 - $24,999 294 9.9% 221 7.2%$25,000 - $34,999 298 10.1% 223 7.3%$35,000 - $49,999 394 13.3% 331 10.8%$50,000 - $74,999 566 19.1% 531 17.4%$75,000 - $99,999 475 16.0% 667 21.8%$100,000 - $149,999 411 13.9% 504 16.5%$150,000 - $199,999 170 5.7% 235 7.7%$200,000+ 36 1.2% 44 1.4%

Median Household Income $55,738 $69,885Average Household Income $68,359 $78,086Per Capita Income $26,869 $30,981

Census 2010 2012 2017 Population by Age Number Percent Number Percent Number Percent

0 - 4 465 6.3% 466 6.3% 476 6.3%5 - 9 500 6.8% 502 6.8% 511 6.7%10 - 14 498 6.8% 494 6.6% 509 6.7%15 - 19 504 6.8% 486 6.5% 474 6.2%20 - 24 453 6.2% 467 6.3% 440 5.8%25 - 34 964 13.1% 987 13.3% 1,016 13.4%35 - 44 1,063 14.4% 1,045 14.1% 1,044 13.7%45 - 54 1,188 16.1% 1,163 15.6% 1,101 14.5%55 - 64 819 11.1% 866 11.7% 926 12.2%65 - 74 500 6.8% 540 7.3% 660 8.7%75 - 84 289 3.9% 288 3.9% 305 4.0%

85+ 120 1.6% 129 1.7% 140 1.8%Census 2010 2012 2017

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 6,596 89.6% 6,613 89.0% 6,621 87.1%Black Alone 51 0.7% 65 0.9% 110 1.4%American Indian Alone 29 0.4% 30 0.4% 35 0.5%Asian Alone 75 1.0% 77 1.0% 86 1.1%Pacific Islander Alone 1 0.0% 1 0.0% 1 0.0%Some Other Race Alone 488 6.6% 520 7.0% 600 7.9%Two or More Races 120 1.6% 128 1.7% 148 1.9%

Hispanic Origin (Any Race) 1,082 14.7% 1,150 15.5% 1,330 17.5%Data Note: Income is expressed in current dollars.

January 30, 2013


Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.

1-mile radius

demoGrapHic report




1-mile radius

Demographic and Income Profile3112 W Lincoln Rd, Mchenry, IL, 60051Ring: 1 mile radius Latitude: 42.345809427

Longitude: -88.25862102

AreaStateUSA

Trends 2012-2017

Population Households Families Owner HHs Median HH Income

Ann

ual R

ate

(in

perc

ent)

4.5

4

3.5

3

2.5

2

1.5

1

0.5

0

20122017

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

14

12

10

8

6

4

2

0

2012 Household Income

<$15K10.8%

$15K - $24K9.9%

$25K - $34K10.1%

$35K - $49K13.3%

$50K - $74K19.1%

$75K - $99K16.0%

$100K - $149K13.9%

$150K - $199K5.7%

$200K+1.2%

2012 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

80

70

60

50

40

30

20

10

0

2012 Percent Hispanic Origin: 15.5%

January 30, 2013




demoGrapHic report




3-mile radius


Longitude: -88.25862102




<$15,000 1,111 8.0% 1,041 7.2%$15,000 - $24,999 1,128 8.1% 838 5.8%$25,000 - $34,999 1,231 8.8% 893 6.2%$35,000 - $49,999 1,811 13.0% 1,496 10.4%$50,000 - $74,999 3,005 21.6% 2,796 19.5%$75,000 - $99,999 2,378 17.1% 3,283 22.8%$100,000 - $149,999 2,265 16.3% 2,741 19.1%$150,000 - $199,999 685 4.9% 927 6.5%$200,000+ 299 2.1% 355 2.5%



0 - 4 2,261 6.1% 2,273 6.1% 2,324 6.1%5 - 9 2,492 6.8% 2,500 6.7% 2,544 6.7%10 - 14 2,576 7.0% 2,556 6.9% 2,634 6.9%15 - 19 2,679 7.3% 2,577 6.9% 2,514 6.6%20 - 24 2,031 5.5% 2,091 5.6% 1,972 5.2%25 - 34 4,638 12.6% 4,764 12.8% 4,924 13.0%35 - 44 5,334 14.5% 5,248 14.1% 5,239 13.8%45 - 54 6,214 16.9% 6,088 16.4% 5,758 15.2%55 - 64 4,310 11.7% 4,552 12.2% 4,863 12.8%65 - 74 2,377 6.5% 2,559 6.9% 3,124 8.2%75 - 84 1,301 3.5% 1,301 3.5% 1,372 3.6%

85+ 633 1.7% 674 1.8% 721 1.9%Census 2010 2012 2017

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 33,779 91.7% 33,876 91.1% 33,969 89.4%Black Alone 224 0.6% 294 0.8% 503 1.3%American Indian Alone 113 0.3% 115 0.3% 136 0.4%Asian Alone 428 1.2% 440 1.2% 501 1.3%Pacific Islander Alone 10 0.0% 12 0.0% 15 0.0%Some Other Race Alone 1,769 4.8% 1,890 5.1% 2,212 5.8%Two or More Races 522 1.4% 557 1.5% 653 1.7%


January 30, 2013




demoGrapHic report




3-mile radius


Longitude: -88.25862102

AreaStateUSA

Trends 2012-2017


Ann

ual R

ate

(in

perc

ent)

4

3.5

3

2.5

2

1.5

1

0.5

0

20122017

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

16

14

12

10

8

6

4

2

0


<$15K8.0%

$15K - $24K8.1%

$25K - $34K8.8%

$35K - $49K13.0%

$50K - $74K21.6%

$75K - $99K17.1%

$100K - $149K16.3%

$150K - $199K4.9%

$200K+2.1%



Perc

ent

90

80

70

60

50

40

30

20

10

0


January 30, 2013




demoGrapHic report




5-mile radius


Longitude: -88.25862102




<$15,000 1,651 6.9% 1,527 6.2%$15,000 - $24,999 1,669 7.0% 1,223 5.0%$25,000 - $34,999 1,974 8.3% 1,418 5.8%$35,000 - $49,999 3,029 12.7% 2,473 10.1%$50,000 - $74,999 5,110 21.4% 4,688 19.1%$75,000 - $99,999 4,189 17.6% 5,713 23.3%$100,000 - $149,999 4,165 17.5% 4,928 20.1%$150,000 - $199,999 1,348 5.7% 1,778 7.2%$200,000+ 711 3.0% 804 3.3%



0 - 4 3,952 6.2% 3,980 6.2% 4,065 6.2%5 - 9 4,336 6.8% 4,354 6.8% 4,424 6.7%10 - 14 4,617 7.2% 4,589 7.1% 4,725 7.2%15 - 19 4,645 7.3% 4,474 7.0% 4,358 6.6%20 - 24 3,435 5.4% 3,537 5.5% 3,328 5.1%25 - 34 7,959 12.5% 8,187 12.7% 8,450 12.9%35 - 44 9,444 14.8% 9,303 14.5% 9,262 14.1%45 - 54 10,978 17.2% 10,770 16.7% 10,162 15.5%55 - 64 7,547 11.8% 7,977 12.4% 8,500 13.0%65 - 74 3,975 6.2% 4,286 6.7% 5,234 8.0%75 - 84 1,967 3.1% 1,972 3.1% 2,090 3.2%

85+ 879 1.4% 940 1.5% 1,007 1.5%Census 2010 2012 2017

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 58,749 92.2% 58,984 91.6% 59,056 90.0%Black Alone 532 0.8% 655 1.0% 1,014 1.5%American Indian Alone 174 0.3% 176 0.3% 205 0.3%Asian Alone 922 1.4% 953 1.5% 1,078 1.6%Pacific Islander Alone 17 0.0% 19 0.0% 25 0.0%Some Other Race Alone 2,438 3.8% 2,612 4.1% 3,080 4.7%Two or More Races 905 1.4% 970 1.5% 1,149 1.8%


January 30, 2013




demoGrapHic report




5-mile radius


Longitude: -88.25862102

AreaStateUSA

Trends 2012-2017


Ann

ual R

ate

(in

perc

ent)

3.5

3

2.5

2

1.5

1

0.5

0

20122017

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

16

14

12

10

8

6

4

2

0


<$15K6.9%

$15K - $24K7.0%

$25K - $34K8.3%

$35K - $49K12.7%

$50K - $74K21.4%

$75K - $99K17.6% $100K - $149K

17.5%

$150K - $199K5.7%

$200K+3.0%



Perc

ent

90

80

70

60

50

40

30

20

10

0


January 30, 2013





ww

w.n

ati

on

alg

olf

an

dm

ari

na

.co

m


asset value

Just reduced to $2,825,000, this property has a wide range of facts impacting it’s marketability, some of the positive attributes include the following:

positive attributes

` Great piece of property, all usable

` favorable property size (± 5 acres)

` water frontage

` no wake zone

` downtown district

` sewer and water available

` easy access

` possible mixed use (development)

` use as prior marina business (sales/service/docking)

` currently not a lot of quality full-service marinas on the chain

` chain is one of the busiest in the country

for more information, please contact the exclusive listing agent below:

opinion of value

Eddy A. DingmanNational Golf Course & Marina Properties Groupdirect 847-313-4633

e-fax 781-987-6626

[email protected]

www.nationalgolfandmarina.com

Smaller_Water Tower Marina_McHenry_email

Documents

Transcript of Smaller_Water Tower Marina_McHenry_email