133.97 Acre Golf Course for Sale

Special Purpose for Sale
Catylist Listing ID: 30504928
Property Subtypes: Sports/Entertainment
Building Size (RSF): 2,968 SF
Gross Building Area: See Agent
Gross Land Area: 133.97 Acres
Sale Price: $950,000
Property Use Type: Net Leased Investment (NNN), Business
Usable Size (USF): 2,858 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/21/2020

Overview / Comments

The Lakewood on the Green golf course has been revitalized over the past 6 years by current owners increasing in popularity year over year. Designed by father and son duo Norm & Pete Smith back in 1980, this course meanders through scores of pines & the 15 acre Lakewood Lake. Located just 15 minutes southwest of Cadillac, Michigan, this 18 hole par 70 course spans over 6,080 yards with four sets of tee boxes and has four par-3's, twelve par-4's and two par-5's. PGA slope rating ranges from 136 to 127 challenging the low handicapper & well suited for the average golfer. A new full service restaurant with covered pavilion over looking Lakewood Lake was added to the clubhouse in 2013 giving a huge potential for special events like weddings, family reunions, wedding anniversaries, birthday parties, business gatherings, & much more. Strong league play by locals has increased year over year with additional vacationers utilizing the local “stay & play” alliance with local lodging faculties around Cadillac. A 20 X 80 cart storage facility, 40 X 50 pole building w/ 30 X 40 three sided covered storage shelter, & an additional 30 X 40 pole building allow for ample storage of equipment and golf carts. Take this course to the next level. Call for your private tour today.

Additional Details

Nearest MSA: Cadillac
County: Wexford
Tax ID/APN: 83-2110-23-2205, 2110-26-2108, & 2110-LWGE-10
Area Description: From Cadillac, head West on Highway 55 then South (left) on S 33 Road. Then, East (left) on Lakewood Drive.
Total Number of Buildings: 4
Property Condition: Excellent
Year Renovated: 2014
Parking Description: Parking lot
Heat Type: Electricity, Natural Gas
Heat Source: Central
Zoning Description: Commercial 201
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,132 13,469
Median Age: 46.77 40.07
Households: 1,317 5,584

Contact

Photograph of Listing Agent

Brian Wallace

Berkshire Hathaway HS Commercial Real Estate Michigan
CPIX Member
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