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Listed by Adam McNeil • Wisely Commercial Realty
$ 2,500,000
Est. payment | /mo
5,000 SqFt
$ 2,500,000
Est. payment | /mo
5,000 SqFt
Key Details
Property Type Commercial
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $500
MLS Listing ID 22136310
Year Built 1970
Tax Year 2025
Lot Size 170.000 Acres
Acres 170.0
Property Sub-Type Mobile Home Park
Property Description
Lazy L Lake Campground, a lakefront RV campground and recreation business located in West Terre Haute, Indiana. The property consists of 94 rentable sites and units - RV sites, furnished RV rentals, and lakeside huts - on approximately 170 acres surrounding a 75-acre private, stocked lake. Revenue is supported by an inflatable water park, a sandy swimming beach, watercraft rentals, day-use entry fees, live-music events, and a 2,400 SF furnished lake house. The campground operates seasonally and is offered turnkey, with $500,000 of inventory, equipment and rental fleet available. INVESTMENT HIGHLIGHTS * 75-Acre Private Lake & Water Park * 94 Sites on ~170 Acres * Diversified Revenue: Sites, Day Use & Rentals * Minutes to Terre Haute & the I-70 Corridor * Water & Electric Lines Less Than 5 Years Old Lazy L Lake Campground is a seasonal, amenity-driven RV campground located at 545 Lazy Lake Road in West Terre Haute, Indiana, roughly 2.5 miles from Terre Haute. The offering includes 94 rentable sites and units on approximately 170 acres wrapped around a 75-acre private lake (average depth ~20 feet, with an island, peninsula and a stocked fishery). Beyond site rent, the business earns revenue from day-use entry, an inflatable water park, watercraft and beach rentals, a furnished lake house, and event weekends. For January-October 2026 - the full operating season - the property generated gross revenue of $488,592 and net operating income of $210,000, a 43% operating margin. The offering gives a buyer an income-producing destination campground with a proven day-use following, a fully equipped recreation operation, and several clear levers to grow income: rate alignment, site upgrades, a longer lake-house season, and room to expand on 170 acres.
Location
State IN
County Vigo
Zoning Commercial
Interior
Fireplace N
Exterior
Utilities Available Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Septic System
View Y/N true
Water Access Desc Well
Building
Water Well
New Construction false
Schools
School District Vigo County School Corp
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