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    61809 Stonegate Island Hills GC Drive Centreville, MI 49032

    View on Map
    New
    For Sale
    $2,900,000

    COMMERCIAL - Centreville, MI

    Property size:
    11,100 SF
    Lot size:
    220.00 Acres
    Added:
    Apr 5, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 7 at 12:06 am

    Property Features for 61809 Stonegate Island Hills GC Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    5
    Rooms
    Bathroom 5, Bathroom 2, Bathroom 1, Bathroom 3, Basement, Bathroom 4
    Interior features
    Broadband
    Standard status
    Active
    APN
    01203200500/01203200100
    Size
    11,100 SF
    Lot size
    220.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Call LA
    Tax Annual Amount
    46096

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well
    Water front features
    Lake, Pond
    Water front
    1

    Building Details

    Year built
    2012
    Floors in Building
    2
    Number of units
    1
    Roof type
    Composition

    We can help!

    Listing Contact
    Josh Nagy
    Josh Nagy

    Listing agent Josh Nagy License #6506046197

    Listing office Berkshire Hathaway HomeServices Michigan Real Estate 1200 N Main, Kalamazoo, MI

    Listing date Apr 5, 2026

    MLS# 26013623

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Golf Club Investment Opportunity

    Island Hills Golf Club, situated along Lake Templene in southwest Michigan, presents a turnkey investment opportunity centered on championship golf and hospitality. Designed by architect Raymond Hearn, this 18-hole golf facility features manicured fairways and greens, mature tree lines, water features, rolling terrain, and bunkers. The layout is designed to appeal to a broad golfer demographic while maintaining strong repeat and tournament demand. The property includes a pro shop, driving range, turn cafe, and a spacious 11,100 square foot clubhouse with a restaurant, bar, administration offices, and flexible event space. Indoor and outdoor patio dining supports food-and-beverage revenue, complemented by catering and special events. Three fully furnished on-site golf villas provide lodging accommodations for overnight guests and short-term rentals. Additional infrastructure includes ample parking, maintenance facilities, golf cart storage, and practice areas. The offering includes all assets required for continued operations. The 220-acre site also has 137 residential lots and one commercial lot available separately for future residential, hospitality, or commercial development. Located in southwest Michigan, Island Hills is accessible from Chicago, Kalamazoo, and South Bend.
    Location Intelligence

    Current Use by Public Records

    Golf courses & driving ...

    Map

    City
    Centreville
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.497604
    Latitude
    41.900681

    FAQs

    What type of property is this?
    Golf course & driving range - Premier golf facility with hospitality and development potential in Michigan.
    Where is this golf course & driving range located?
    The property is located at 61809 Stonegate Island Hills GC Drive Centreville, MI.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Turnkey, income‑producing golf club with championship 18‑hole course designed by Raymond Hearn.; Diversified revenue streams from golf, food and beverage, lodging, events, and potential for expansion.; Spacious clubhouse with restaurant, bar, pro shop, event space, and indoor/outdoor dining.
    (269) 806-4525
    We can help!
    Listing Contact
    Josh Nagy
    Josh Nagy
    Real Estate License ID: 6506046197
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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