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    2701 Golf Course Dr Marlette, MI 48453

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    Sponsored
    For Sale
    $169,900

    FORMER GOLF COURSE RESTAURANT / BAR FOR SALE

    Property size:
    5,952 SF

    Property Features for 2701 Golf Course Dr

    General Information

    Property type
    Creative space
    Square Feet
    5,952 SF
    Total Parking Spaces
    30
    Lot Size
    142,441 SF

    Building Details

    Buildings
    1

    Overview

    Former Golf Course Restaurant/Bar

    Located in the city of Marlette, this property at 2701 Golf Course Drive features a 5952-square-foot building on over 3 acres of land. Formerly a restaurant and golf course, the property presents various possibilities for business use. Note that there is currently no liquor license included with the property.

    We can help!

    Listing Contact
    Tavis Osentoski

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Creative space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marlette
    State
    Michigan
    Longitude
    -83.079242
    Latitude
    43.3336893

    Nearby Comparable

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      Ten-Unit Multifamily Property

      Ten-unit multifamily property near Marlette Golf Course.
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      Marlette Commercial/Industrial Opportunity

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      66-acre parcel ideal for residential or commercial development in Marlette.
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      Commercial Land on M-53

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      Marlette Industrial Building - For Sale

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    • New
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      Move-In Ready Country Home

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    Nearby Similar for Sale

    • New
      $79,900
      2,463 SF

      Marlette Office Building For Sale

      Solid brick building with multiple offices and recent updates.
      6446 Morris St, Marlette, MI 48453
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    • $735,000
      8,320 SF

      Prime Retail Building, Marlette, Michigan

      8,320 SF freestanding building on Main Street in downtown Marlette.
      2941 Main St, Marlette, MI 48453
      View Details
    • $169,900
      1,825 SF

      Updated Home in Downtown Marlette

      Updated 4-bedroom home with attached garage in downtown Marlette.
      6356 Morris St, Marlette, MI 48453
      View Details
    • $839,000
      9,000 SF

      Marlette Commercial/Industrial Opportunity

      Commercial/Industrial property in Marlette, MI, featuring 10 units.
      2736 Golf Course Dr, Marlette, MI 48453
      View Details
    • New
      $169,000
      1,562 SF

      Move-In Ready Country Home

      Country living with updated features and included appliances.
      5213 Marlette Rd, Marlette, MI 48453
      View Details
    • $839,000

      Ten-Unit Multifamily Property

      Ten-unit multifamily property near Marlette Golf Course.
      2736 Golf Course Dr, Marlette, MI 48453
      View Details
    • $450,000
      4,864 SF

      Marlette Industrial Gem

      Versatile Mixed-Use Building, 4,864 sq ft
      6429 Locust St, Marlette, MI 48453
      View Details
    • $599,000
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      Marlette Industrial Building For Sale

      Spacious industrial building on 3 acres.
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      Marlette Industrial Building - For Sale

      Spacious Industrial Building, Great Location
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      View Details
    • $220,000
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      Downtown Marlette Industrial Gem

      Historic building, 2200+ sq ft, dual entrances.
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      View Details

    FAQs

    What type of property is this?
    Creative space - FORMER GOLF COURSE RESTAURANT / BAR FOR SALE
    Where is this creative space located?
    The property is located at 2701 Golf Course Dr Marlette, MI.
    What is the asking price?
    The asking price for this property is $169,900.
    (989) 551-2010
    Request Owner's contact information
    2701 Golf Course Dr Marlette, MI 48453
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    Marlette, MI 48453
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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
    2701 Golf Course Dr Marlette, MI 48453
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    We can help!
    Listing Contact
    Tavis Osentoski
    (989) 551-2010
    Learn more
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