5073 M-123Newberry, MI 49868

Property Details for 5073 M-123

Year built

1998

Lot size

140.00 AC

Property size (Sq ft)

8,000 SF

Property type

Land

Property subtype

Hospitality properties

Description

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.

Location Insight

City

Newberry

County

Luce

State

Michigan

Latitude

46.3048

Longitude

-85.5112

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