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15448113
15448114

0 River Bank, Spring Valley, Spring Valley, IL 61362

LE
IL 475.204597
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Real Estate Group
$795,000
815 days on market
Updated 57 days ago

Illinois River 11.16 Acres

Details
APN 24-03-251-001
Property Type Land
Sub Type Agricultural, Industrial
Lease Term 5
Lease Expiration 07/31/2030
Remaining Term 4.2
Lease Options 180 day cancellation either party
Pro-Forma Cap Rate 5.28%
Pro-Forma NOI $42,000
Broker Co-Op Yes
Acreage 11.160
Zoning A

Riverfront Land | 11.16 acres | Barge Parking or Mooring | 5%+ cap with current lease | Clubhouse

Marketing 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.

Investment highlights

There is a current assignable lease on the property through 7/31/2025 for conducting marine and barge operations including fleeting, switching, and mooring. Lease allows for 180 day notice of cancellation by either party. Incentives may be available to the next owner through Enterprise Zone or Illinois Valley Port Authority.

Listing Contacts

LE
IL 475.204597
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Real Estate Group

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Additional Information

Name
Leah Erickson
License
475.204597
Brokerage
Coldwell Banker Commercial Real Estate Group
Brokerage Phone
630-553-9000
Title
Commercial Broker
Brokerage Address
38 Countryside Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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