lake santee marina

Eddy A. Dingman National Golf & Marina Properties Group| www.nationalgolfandmarina.com

Eddy A. Dingman National Golf & Marina Properties Group

www.nationalgolfandmarina.com

Offered By: Eddy A. Dingman, Real Estate/Marina Business Broker National Golf and Marina Properties Group of Coldwell Banker Commercial NRT

[email protected] | Direct: 847-987-6626

3.98 ACRE INDIANA MARINA Greensburg, IN

FOR SALE


This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the National Golf and Marina Properties Group of Coldwell Banker Commercial NRT or by the Seller.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent of National Golf

and Marina Properties Group of Coldwell Banker Commercial.


Indiana Marina is located in a private subdivision surrounded by 250 acres

with 5.5 miles of shoreline. The depth of the dam is approximately 30 ft.

with an average depth of 15 ft. The lake is 2 miles in length and up to 1/2

mile wide and is fed by the Right Hand Fork of Salt Creek.

Indiana Marina is the only marina on this lake.

There are approximately 1,682 lots in the private Lake Santee subdivision on

1,256 acres.

The development has a 1,000 ft. long main beach and a 200 ft. long

secondary beach. There are eleven lake access areas as well as numerous off

shore recreation area.


The Marina property is located on Lake Santee in Indiana with a residence on the property. Full property includes:

3.98 acres / Property does not flood and not in flood plan.

Residence consists of 3 bedrooms, 2 bathrooms, kitchen & living room and family room.

Attached to the residence is a 1,680 SF heated concrete with steel wall and vinyl construction. This is for the built in swimming pool, spa, and additional bathroom and surround sound.

Pool is 15 years old with 3-8’ depth and 27,000 gallons of water. Lounging chairs, tables and more appliances, which are all, included.

Residence is 2,404 SF of living space with a wood deck of 167’ off of residence.


MARINA Family run marina since 1974. Being sold due to owners retiring. Include two (2) – 1,000 Gallons above ground gas tanks (self-contained) regular

& mix gas. Marina did have underground gas tanks that were removed in the 1990’s and owners have a remediation or an “all clear from the state of IN”.

Marina uses a private boat ramp that belongs to Association Slips are currently 30 with room for expansion doubling in size. Slip depth is 4’ on land end and 6’ of back end. Gas docks are 10’ deep.

MARINA STORE This retail space is 2028 SF. A nicely laid out counter for cashier that can

oversee the gas dock and slips. Convenience store is for groceries, boating gear, tubs, life jacket, fishing gear,

bait, clothing and so much more. It is also equipped with cooler and shelves. 2 offices, 3 bathrooms (separate one for employees) and storage are within the

store. There is a room stocked with over $75,000 – $85,000 in parts for boats.

SHOP AREA Full 3,000 SF steel building with cement floor 8’ concrete walls 8” thick BTV furnaces for heat Floor drains Hoist overhead mount (steel beams traveling hoist) Parts room

OUTSIDE STORAGE Approximately 1.5 acres of green space for future expansion for marina


MARINA SERVICES Service department Shrink wrapping Storage outside only (room to add 1-2 buildings) Slips Fuel Store items Bait Parts department New and used boat sales. Used on consignment Dealership for Sweetwater, San Pan, Aqua Patio

VEHICLES TO STAY WITH PROPERTY 1967 Jeep with plow for snow 1975 Jeep John Deer Tractor 1520 with bucket John Deer Mower 24’ working service pontoon with hoist

MECHANICS Mechanics are full time and certified in Evenrude & Johnston engines. There is

also a part time mechanic. All would like to stay on board with the new owners. This property is very well known for its mechanics and boaters come from KY,

OH, IN as well as other states.

ADVERTISING Marina advertising is done by monthly newsletters, websites, local events &

chambers


BROKER OPINION Marina and residence are in good shape overall real estate waterfront and location

are prime. Only marina & service department on this lake. Marina has quality mechanic on staff that is certified.

All acreage is usable not in flood plan or wet lands. This is located within the high-end residences surrounding the association grounds. Marina store offers many amenities to customers, including a fully stocked parts department.

Lake levels are not a concern 4’ - 8’ at docks and 10’ at gas docks.

Marina has 28-30 slips currently. Recommendation would be to increase to 45 slips.

Marina carries three quality lines of new pontoon boats for sale. An amenity that is needed is pontoon rentals. I would recommend with 2 to start with increasing revenue.

Marina does brokerage used boats on consignment. I feel this could be a larger moneymaker if advertised and promoted.

Storage outside / shrink wrapping and marina overall needs to be promoted better. This is perfect for a family business or owner operator. Very easy to be hands on, on all facets of business.

Marina advertising is done by monthly newsletters, websites, local events & chambers


Marina Sales Building Sketch


Dwelling Sketch Above Sales Portion and Pool Building


Service Garage Sketch


Eddy A. Dingman National Marina/Business Broker + 847 987 6626 Direct + 781 810 9653 eFax [email protected]

Valerie R. Rivera National Marina Broker Associate + 847 313 4620 Direct + 781 609 4679 eFax [email protected]

lake santee marina

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subject property

acres property

family room

private subdivision

average depth