Hidden Harbor Waterfront DevelopmentSt. Paul Park, MN

Are you looking for the right partner to help you achieve your goals? With Waterfront Investment Properties Group (“WIPG”) and Paul Proano Properties of Coldwell Banker Commercial NRT, there is nothing standing between you and success.

The success of this team lies in its striking versatility. The organization combines a powerful national and international presence with the agility of a market innovator. We have the resources and insight to understand its local market and the expertise to convert this knowledge into tangible value for each client.

With hands-on experience, the team has marketed and sold more than $250 million in waterfront commercial real estate. As a former owner of a marina resort, Eddy has an in-depth understanding of research and land development and has dealt with many governmental authorities in facilitating real estate transactions. Prior to joining the world of real estate, as a successful entrepreneur, Proano has been an owner/operator of small business franchises. Both Eddy and Paul provide trustworthy service to all of their clients.

Member:National Association of RealtorsAssociation of Marina Industries (AMI)International Marina Institute (IMI)Wisconsin Marina Association (WMA)Great Lakes BoatingMarine Industries Association of South Florida (MIASF)

Education:MBA, Business Management, University of MichiganBS, Finance, Western Michigan UniversityLicensed Real Estate BrokerLicensed Business BrokerUSN (United States Navy)

EDDY A. DINGMAN, CNSLicensed Real Estate/Business BrokerDirect: 847-987-6626eFax: 781-810-9653eddy@waterfrontpropertiesgroup.comwww.nationalgolfandmarina.com

PAUL PROANOLicensed Real Estate/Business BrokerDirect: 312-860-4043paul@paulproanoproperties.comwww.paulproanoproperties.com

Waterfront Properties Group OfficesMidwest Corporate: Chicago, IllinoisGulf Coast: Tampa, Orlando & Boynton Beach, Florida

A B O U T U S

T A B L E O F C O N T E N T S

SECTION IPROPERTY OVERVIEW

ADDITIONAL LAND PARCELSBUILDING & LAND FACTSWILLIE’S RESTAURANT

SECTION IIABOUT SAINT PAUL PARK

SECTION IIILOCATION MAPS

ZONING MAPLAND USE MAP

SURVEY

SECTION IVPROPERTY PHOTOGRAPHS

Property Overview & Description

Hidden Harbor Waterfront Development is on the majestic Mississippi River in Saint Paul Park, MN. For decades, the development and marina was known throughout the river as "Willie's Hidden Harbor".

Offering Price: $5,612,000

P R O P E R T Y O V E R V I E W

Property DetailsThe property boasts 55.86 total acres, 2,340' lineal feet of River Front and 16.82 acres of Barrier Islands. There are 2 main structures, fenced outdoor storage, 5 rental homes, 74 operational Slips, Barrier islands and vacant usable land.

The property has been operated as a full-service marina by the current owner since 2009. This property is improved with a 23,680 sf structural steel building used for retail, office, showroom, mezzanine office and storage, boat storage and repair. The building is in overall average condition.

The property is further improved with a fully operational 11,174 square foot, two story, full service restaurant (Willie’s Restaurant) and upper level banquet area. The main parcel also includes 2 rental homes, a larger Bluff View home, and a top to bottom split rental home or 2 rental units with a walkout entrance for the lower unit.

There are a number of boats stored on site which are in various states of condition, as well as, moving cranes, boat lifts, other equipment, tools, parts, supplies, boat sales inventory, and other fixtures associated with the marina operations, all of which constitute personal property and are not included in this valuation. There are a total of 108 Slips, 74 are operational with Water and 72 have water only.

P R O P E R T Y O V E R V I E W

Additional Land ParcelsThere are two Tax parcels on the northwest corner which includes a vacant inland parcel and a barrier island which is located off shore. This island lot is bordered and adjoined on the north side by Lion Levee city park.

The final lot on the north side of the main parcel is all upland or usable area. This is an irregular shaped parcel which is improved with two 1 ½ story single family homes which were built nearly 100 years ago and a detached garage. The condition of these homes is fair to poor and, while they are being currently rented, are considered “tear downs" for the purpose of this report. The only value is in the land. All usable areas will be assembled and valued with the Land "As Vacant" and ready for development. All of these areas are zoned Mixed Use which would allow for a mix of Multi-Family Residential Construction along with commercial.

There are three separate tax parceled land on the south boundary. The center parcel is improved with a small one story single family dwelling in fair condition, nearing the end of its economic life. The remaining parcels are vacant land. All are zoned R-4, Multiple Residential which is a compatible zoning with the previously mentioned areas.

The remaining 2 tax parcels are off shore barrier islands. These parcel's cannot be developed as they exist within the flood plain of the river and are subject to stricter regulations by other government authorities.

P R O P E R T Y O V E R V I E W

Building Facts

GBA (Marina Building) 23,680 sf, includes 2,750 sf of Mezzanine Built in 1990's to 2000

GBA (Restaurant Building) 11,174 sf, includes 5,487 sf Upper Banquet Built approximately 1984, expanded in 1986

Marina Slips 108 total slips

Acreage 55.86 Total37.23 Uplands18.63 Submerged

Zoning R4 & MU Marina & Waterfront Commercial & Residential

Land Facts

P R O P E R T Y O V E R V I E W

Willie’s RestaurantRestaurant building located within Hidden Harbor grounds. restaurant services breakfast (Saturday & Sunday) and lunch items from wings, chicken and burgers to wraps, salads, sandwiches and pizzas. A kids menu is also featured.

Featuring:Event Center / Banquet HallLive EntertainmentWeekly KaraokeThirsty ThursdaysWeekly Bingo

Willie’s Hours of Operation:

Monday 11 AM to 2 AM Kitchen hours 11 AM to 10 PMTuesday 11 AM to 2 AM Kitchen hours 11 AM to 10 PMWednesday 11 AM to 2 AM Kitchen hours 11 AM to 10 PMThursday 11 AM to 2 AM Kitchen hours 11 AM to 10 PMFriday 11 AM to 2 AM Kitchen hours 11 AM to 11 PMSaturday 9 AM to 2 AM Kitchen hours 9 AM to 11 PMSunday 9 AM to 2 AM Kitchen hours 9 AM to 10 PM

P R O P E R T Y O V E R V I E W

Location Overview

The City of St. Paul Park was founded on the banks of the Mississippi in 1887.In 1974, St. Paul Park became a city by state statute.

Today, St. Paul Park is a friendly community of 5,441 welcoming residents. It is acommunity rich in parks and proud of its heritage and linkage to the MississippiRiver.

Each year the city remembers its great heritage with a celebration in August, which brings in over 10,000 visitors to share in that pride.

St. Paul Park is a community dedicated to providing a good quality of life for all of our residents with constant attention to their streets, parks and public safety.

St. Paul Park is along the eastern shore of the Mississippi River in Washington County, one of the fastest growing counties in the seven-county metro area. St. Paul Park is conveniently located by freeway to downtown Minneapolis and St. Paul, and only 15 minutes east of the Mall of America.

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Maps & Survey

L O C A T I O N M A P S

Z O N I N G

L A N D U S E M A P

P R E L I M I N A R Y L A N D S U R V E Y

Property Photographs

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FOR ADDITIONAL INFORMATION PLEASE CONTACT:

EDDY A. DINGMAN, CNSWaterfront Real Estate/Business Broker

Direct: 847-987-6626eFax: 781-810-9653

eddy@waterfrontinvestmentgroup.com

PAUL PROANOReal Estate/Business Broker

Direct: 312-860-4043paul@paulproanoproperties.com

Midwest Corporate: Chicago, IllinoisGulf Coast: Tampa, Orlando & Boynton Beach, Florida

www.waterfrontinvestmentgroup.com