Lot 1 River Bank
- Current assignable lease through 7/31/2030
- Existing Clubhouse to remain with club Leaseback interest
- Just west of the IL 89 bridge on the north shore of the River
Property Description
Presenting a rare opportunity to acquire a working riverfront asset along the Illinois River, positioned for marine, logistics, and recreational use. This property offers direct river access with established barge tie-offs, making it ideally suited for operators seeking a strategic presence along a key Midwest waterway. The site includes a historic clubhouse structure and functional river frontage, supporting ongoing marine operations. A current assignable lease in place through July 31, 2030 provides immediate income, with flexibility via a 180-day termination option by either party. This property is best suited for marine and barge operators (fleeting, switching, mooring), river-based logistics users, recreational or outdoor-oriented ownership, strategic assemblage with nearby upland parcels. While the property offers unique riverfront capabilities, it is located within a regulated floodway, making it ideal for water-dependent and low-impact uses. Additional incentives may be available through the Enterprise Zone and Illinois Valley Port Authority, enhancing its appeal for qualified users. This is a rare chance to control functional Illinois River frontage with existing operational utility and income in place.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $795,000 |
| Average Occupancy: | 5.28 |
| Lot Size: | 11.16 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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