-We are in the Midwest US, within two hours' drive of airports in Chicago and Madison.
-The property is over 125 acres, and includes a 1200-square-foot house on the property.
-The camp can accommodate 200, and has a 5-acre lake suitable for canoeing, paddle boarding and lake play, and a recently renovated pool.
-The infrastructure is in good condition, including two new in-process (to be completed in spring 2023) multisport courts (tennis, pickleball, basketball), and a relatively new, oversized septic system.
-Water is supplied from two private wells.
-It has been and continues to be a fully-operating summer camp. There are not really any competing private camps in the area.
-The last property-only appraisal was in 2005 at $1.4 million.
-Annual real estate taxes are less than $16,000.
-All county, state, and federal permits and certifications are current.
-There is no pending litigation against the camp.
-We are looking to sell because I'm not getting any younger!
-Our website info, including photos of the camp/grounds is available, subject to receiving a signed NDA.
If interested, please e-mail ponderingcampsale@gmail.com with:
(1) What's your camp interest story?
(2) Please send along general information showing your financial capability to pursue a camp purchase.
(3) I'm happy to answer other questions if I can; if there are further pressing questions that I can't otherwise answer, we would have to enter into a NDA.
For your consideration regarding more of the nitty gritty financial stuff:
As a frame of reference, a developer with whom we last year entered into a purchase sale agreement had offered $2.3 million, which ultimately fell through due to their engineering constraints.
Options could be: (1) buying camp outright from us with a down payment and a loan (which could be seller-financed); (2) buying in to the current entities to become a shareholder and member of those; for that, what you put in would get you that percentage of ownership.
