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$ 5,000,000
Est. payment | /mo
1,980 SqFt
$ 5,000,000
Est. payment | /mo
1,980 SqFt
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $2,525
MLS Listing ID 12222323
Annual Tax Amount $9,946
Tax Year 2023
Lot Dimensions 517X150X755X614X718X181X115
Property Sub-Type Bus / Bus w/Real Est
Property Description
Located on 8.32 acres of commercially zoned land, Kellogg RV Park offers a unique opportunity to own a thriving hospitality business with multiple income streams. Built in approximately 1994, the park boasts 38 full-service pull-through RV sites, all equipped with 20/30/50 amp electrical pedestals, and additional primitive tent camping sites. Conveniently situated just off Interstate 80, this property benefits from high visibility, with an average daily traffic count of 29,200 vehicles, ensuring a steady flow of guests. 1. RV Sites and Amenities: *38 pull-through sites with full utility hookups. *Electrical pedestals upgraded with 20/30/50 amp service and larger wiring installed. *Underground water lines made of Plastic/BLUE pipe and sewer lines made of PVC for durability and reliability. *No deferred maintenance; all sites are guest-ready. *Additional primitive tent camping sites for more rustic accommodations. 2. Facilities: *Modernized bathhouses featuring 4 showers and 4 toilets. *Recently remodeled laundry facility with updated interior and exterior. *Well-maintained roads built with 3/4 chip and seal gravel in excellent condition, with potential for future asphalt upgrades. 3. Utilities: *Operates on private well and septic systems, providing independence from municipal services. 4. Additional On-Site Businesses: *Profitable Cafe: A favorite among guests for meals and refreshments. *Convenience Store and Gas Station: Ensures additional income from fuel sales and essential items, increasing guest spend per visit. Upgrades & Improvements: *Complete interior and exterior remodel of the bathhouse and laundry facility. *Installation of new, larger electrical wiring and upgraded pedestals. *Addition of a Bocce ball court for guest recreation. *Extensive landscaping enhancements, including new tree plantings and artistic wood carvings created from emerald ash borer-damaged trees. Operational Highlights: *Management and Staff: The park is operated by a manager and maintenance personnel, ensuring smooth day-to-day operations. *Guest Profile: Approximately 50% of guests are long-term monthly stays, often workers at local job sites, while the remaining 50% are travelers and retirees staying overnight or for weekends. Many guests extend their stays, drawn by the park's serene atmosphere. *Rate History: Rates were last increased a year ago and are now competitively positioned between the cheapest and most expensive parks in the area. Strategic Location: *Immediate on/off access to Interstate 80, making it a convenient stop for travelers. *Positioned to capture business from both overnight travelers and long-term guests. Expansion Potential: With room to expand, this property offers the opportunity to add more RV sites, tent sites, or additional amenities, further boosting revenue potential. Owner Insights: *The park is designed to maximize guest spending through its three-legged business model: RV park, cafe, and gas station/convenience store. This setup creates multiple revenue streams and provides above-average daily spending per guest compared to competing parks. *Guests often extend their stays due to the park's peaceful setting, excellent amenities, and convenient location. Kellogg RV Park is more than just an RV park-it's a well-rounded business that captures revenue from multiple sources. With modern infrastructure, a prime location, and a proven record of profitability, this property is an exceptional opportunity for investors seeking a stable and scalable operation.
Location
State IA
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Jon Fisher • MR. LANDMAN
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States