7750 INDIAN SHORES RD Woodruff WI 54568

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer for sale Indian Shores RV Resort & Cottages, a year-round lakefront campground inclusive of 202 sites across nearly 92 acres, with a large beach, piers, and boat launch. The resort is part of an HOA and has over 1,000 feet of lake frontage on one of the most popular lakes in the area. With an out-of-state owner this resort is primed for a value-add strategy to improve and stabilize the property.

The property consists of: 156 RV sites, of which 89 were transient and 67 were seasonal in 2024, 36 partial hookup/rec field sites, 1 park model and 9 cottages (7 of which could be sold off as vacation homes).

The asking price for the resort is $6,400,000 ($31,683/site). 2024 cap rate is 7.0% & projected to achieve 9.2% in 2025.

• Cable bill was recently cancelled, saving $74K annually.

• 17% reservation revenue growth compared to the same period last year.

• Resort-style lakefront property with 202 sites, high-quality amenities and the potential to raise rates to market, grow seasonal guest count, expand the number of sites, add additional cottages, reduce expenses and improve RV and marina operations.

• Indian Shores is absentee-managed and, with attentive marketing, revenue optimization, and more efficient operations it could produce significantly higher cash flow.

• There are 7 cottages that have significantly higher more value if sold individually than if maintained as part of the resort. A new owner could market these cottages for individual sale post-closing and reduce the cost basis and improve the cap rate to 14%+.

• There is excess acreage to potentially expand the park by ± 40 sites and/or additional cottages and increase the number of storage sites as well.

• Value-add opportunity to upgrade basic sites to premium sites and raise rates as well as optimize seasonal and transient site mix to grow revenue and improve restaurant, camp store & marina operations.

• Strong vacation demand with several major MSAs located within four hours of the Resort.