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5073 M-123
Newberry, MI 49868

$1,600,000 USD

Golf Course Driving Range For Sale  •  7,744 SF

Property Details

  • Property Type Golf Course Driving Range
  • Total Building Size 8,000 SF
  • Lot Size 140 AC
  • Building Class B
  • Year Built 1998
  • Cap Rate 11.50 %
0 Transit Score
17 Walk Score

Highlights

Premier 18-hole golf course on 140 acres of land in the stunning natural beauty of the Upper Peninsula of Michigan
Included in the sale: 18-hole golf course, maintenance buildings and equipment, cart garages, and newly constructed clubhouse
Numerous improvements have been made over the past 10 years with many growth and development opportunities in place for the next owner
Additionally available, not included in the sale price, are 60 acres of development land and a 3-bedroom home that can be used as an owner's residence

Property Flyers

Cap Rate: 11.50 %

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 75
Type: Surface
Included in Rent: Yes
Frank Jermusek 952-820-1615 SVN | Northco Real Estate
Frank Jermusek 952-820-1615 SVN | Northco Real Estate