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Mobile Home Park

Oak Lake RV Resort

5310 E 900 N, Fair Oaks, IN 47943

Listing Price: $3,800,000

Cap Rate
5.34%
Number of Spaces
276
Lot Size
66.59 acres
Occupancy
100.0%
Price/Space
$13,768
Spaces/Acre
4.14
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire two RV communities located in Illinois and Indiana. The portfolio contains a total of 560 sites, of which, 470 are full hook-up, 70 have water and electric and the remaining 20 are primitive sites. All of the resorts boast a full amenities package. Oak Lake RV Resort is located in Fair Oaks, Indiana (approximately 70 miles south of Chicago) on approximately 68 acres. The family resort contains 276 sites, of which 233 are full hook-up, 37 have water and electric and the remaining six are primitive. Oak Lake RV Resort provides its visitors with a variety of amenities including a laundry facility, convenience store, playground, fishing lake, swimming lake, volleyball court, and walking trails. Lake Louise RV Resort is on approximately 62 acres and surrounds a 13 acre lake located in Byron, Illinois. The resort has 286 total sites (237 full hook-up, 33 water and electric, 16 primitive and two stick built homes). Visitors are able to enjoy a basketball and volleyball court, horseshoes, laundry facility, picnic area, playground, spa, swimming pool and lake. Per GoRVing, RV ownership has increased over 62 percent in the last twenty years with a record 11.2 million RV owning households. Additionally, an incredible 9.6 million households intend to buy an RV within the next five years.

Investment Highlights

  • Opportunity to Acquire an RV Portfolio in Illinois and Indiana
  • Two All-Age RV Resorts Containing a Total of 560 Sites | One Resort is Located Northwest of the Chicago MSA While the Other is Southeast
  • Per GoRVing, RV Ownership has Increased Over 62 in the Last Twenty Years With A Record 11.2 Million RV Owning Households
  • Additionally, 9.6 Million Households Intend to Buy an RV Within the Next Five Years

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Mobile Home Park

Oak Lake RV Resort

Listing Price: $3,800,000

Cap Rate
5.34%
Number of Spaces
276
Lot Size
66.59 acres
Occupancy
100.0%
Price/Space
$13,768
Spaces/Acre
4.14
Year Built
1980

Investment Highlights

  • Opportunity to Acquire an RV Portfolio in Illinois and Indiana
  • Two All-Age RV Resorts Containing a Total of 560 Sites | One Resort is Located Northwest of the Chicago MSA While the Other is Southeast
  • Per GoRVing, RV Ownership has Increased Over 62 in the Last Twenty Years With A Record 11.2 Million RV Owning Households
  • Additionally, 9.6 Million Households Intend to Buy an RV Within the Next Five Years

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire two RV communities located in Illinois and Indiana. The portfolio contains a total of 560 sites, of which, 470 are full hook-up, 70 have water and electric and the remaining 20 are primitive sites. All of the resorts boast a full amenities package. Oak Lake RV Resort is located in Fair Oaks, Indiana (approximately 70 miles south of Chicago) on approximately 68 acres. The family resort contains 276 sites, of which 233 are full hook-up, 37 have water and electric and the remaining six are primitive. Oak Lake RV Resort provides its visitors with a variety of amenities including a laundry facility, convenience store, playground, fishing lake, swimming lake, volleyball court, and walking trails. Lake Louise RV Resort is on approximately 62 acres and surrounds a 13 acre lake located in Byron, Illinois. The resort has 286 total sites (237 full hook-up, 33 water and electric, 16 primitive and two stick built homes). Visitors are able to enjoy a basketball and volleyball court, horseshoes, laundry facility, picnic area, playground, spa, swimming pool and lake. Per GoRVing, RV ownership has increased over 62 percent in the last twenty years with a record 11.2 million RV owning households. Additionally, an incredible 9.6 million households intend to buy an RV within the next five years.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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