250 Church StMishicot, WI 54228

  • Other commercial real estate
  • 10.93 AC
For Sale
$3,900,000 View listing

Property Details for 250 Church St

Lot size
10.93 AC
Property type
Other commercial real estate
APN
35-005-009-001.00
APU
3500500900100

Description

Exceptional investment opportunity in a distressed sale presents the Par 5 Golf Resort, a premier hospitality destination nestled in Mishicot, Wisconsin. This fee-simple property boasts 45 holes of championship golf across two courses (Fox Creek - 27 holes and The National - 18 holes), a 102-room hotel complete with an indoor pool, jacuzzi, and fitness center, and a substantial 19,714 square foot conference center capable of hosting 460 guests. A separate 11,400 square foot restaurant complements the resort's amenities. The property sits on a sprawling 362-acre lot and comprises seven buildings, totaling 19,714 square feet of rentable space. Built in 1964, the resort has undergone significant renovations in 1978, 1988, and most recently in 2020, with nearly $1.2 million invested in upgrades. Currently operating at 100% occupancy, the property is zoned for mixed use and presents a unique value-add opportunity. The sale is under Chapter 128 receivership, and all cash offers with minimal contingencies will be given preference. Located just 35 minutes from Green Bay, this resort enjoys proximity to major Wisconsin tourism areas, including Sheboygan and Door County, offering significant potential for revenue growth. The auction date is set for November 8th at 10 AM. Interested parties are encouraged to submit qualified bids prior to the auction.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $98,399,712
    Hospitality
    $90,133,608
    Educational
    $74,990,104
    Medical
    $77,569,128
    Retail
    $116,651,272
250 Church St, Mishicot, Wisconsin

Location Insight

City
Mishicot
County
Manitowoc
State
Wisconsin
Latitude
44.2315
Longitude
-87.6543
CBSA code
31820
CBSA name
MANITOWOC, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,353
$43,700
$42,400
$86,100
-
$49,992
$48,504
$98,496

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