For Sale
$1,600,000

5073 M-123 Newberry, MI 49868

18-Hole Golf Course, Restaurant, High Cap Rate

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
Exceptional investment opportunity: Newberry Country Club, a premier 18-hole golf course nestled on 140 acres in scenic Newberry, Michigan. This meticulously maintained property boasts an 8,000 square foot clubhouse featuring a restaurant, sports bar, pro shop, and full kitchen, along with men's and women's locker rooms. Built in 1998 and extensively renovated in 2020, the course includes redesigned bunkers, lengthened holes, and new tee boxes. The property offers a compelling 11.50% cap rate and presents significant growth potential. Located conveniently 45 minutes north of the Mackinac Bridge, Newberry Country Club enjoys a prime location in the Upper Peninsula. The sale includes all maintenance buildings, equipment, and cart garages. Note that an additional 60 acres of development land and a 3-bedroom home are available for separate purchase. The property's APN is 004-003-011-3700, and the address is 5073 M-123, Newberry, MI 49868. This is a rare chance to acquire a thriving, well-established golf course with substantial upside. The asking price is $1,600,000.

Highlights

  • 18-hole golf course on 140 acres in Michigan's Upper Peninsula.
  • Sale includes 18-hole course, maintenance facilities, cart garages, and a new clubhouse with pro shop, restaurant, bar, and locker rooms.
  • Substantial improvements over the past decade, offering significant growth potential.
  • 60 acres of adjacent developable land and a 3-bedroom home available separately.

Property Details for 5073 M-123

Property type
Land, Hospitality properties
Square Feet
8,000 SF
Year Built/Renovated
1998/2020
Lot Size (sq. ft)
6,098,400 SF

Location Insight

City
Newberry
County
Luce
State
Michigan
Latitude
46.3048222
Longitude
-85.5112372
5073 M-123, Newberry, Michigan

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FAQs

What type of property is this?
Land - 18-Hole Golf Course, Restaurant, High Cap Rate
Where is the land located?
The property is located at 5073 M-123 Newberry, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 18-hole golf course on 140 acres in Michigan's Upper Peninsula.; Sale includes 18-hole course, maintenance facilities, cart garages, and a new clubhouse with pro shop, restaurant, bar, and locker rooms.; Substantial improvements over the past decade, offering significant growth potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Frank Jermusek
Frank Jermusek
Emilia Molle
Emilia Molle
Chris Kubesh
Chris Kubesh
Visit Broker Website

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Useful Information

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M-123
Newberry, MI 49868

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Newberry, MI 49868

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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5073 M-123
  • Frank Jermusek
    Frank Jermusek
  • Emilia Molle
    Emilia Molle
  • Chris Kubesh
    Chris Kubesh
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