Operating Golf Course with
61809 Stonegate Centreville, MI 49032
61809 Stonegate, Centreville, MI, 49032
$3,250,000
For Sale
$3,250,000
Full-service clubhouse with pro shop, locker rooms, and restaurant and bar, plus three turnkey furnished golf villas on-site.
Property Size24,000 SF
Price / SF$135.42
Days on Market444
Property Features for 61809 Stonegate
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Property subtype
- Other
Building Details
- Year Built
- 2012
Listing agency
BHHS - Michigan Real Estate | Grand Rapids - Cascade
(269) 806-4525
Listed by
Josh Nagy · License #6506046197
(269) 806-4525
Source
Cpix.resimplifi
Added: May 5, 2025 Updated: Jul 21 at 7:54AM Checked: Jul 21 at 7:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS - Michigan Real Estate | Grand Rapids - Cascade
Investment Insights
Based on property information with market context.
This fully operational golf course offering includes a spacious, fully equipped clubhouse featuring a pro shop, locker rooms, offices, and event space. The clubhouse also houses a full-service restaurant and bar with indoor and patio seating overlooking the course. Three furnished golf villas are included as turnkey accommodations, each ready for immediate use.
Additional on-site amenities include ample parking, maintenance buildings, and golf cart storage, along with a driving range or practice green (if applicable).
Located in southwest Michigan with convenient access to Chicago, Kalamazoo, and South Bend, the property is set in a peaceful rural setting that supports privacy while remaining accessible. New ownership can continue the established, loyal customer base and carry the course forward with its existing facilities.
Additional on-site amenities include ample parking, maintenance buildings, and golf cart storage, along with a driving range or practice green (if applicable).
Located in southwest Michigan with convenient access to Chicago, Kalamazoo, and South Bend, the property is set in a peaceful rural setting that supports privacy while remaining accessible. New ownership can continue the established, loyal customer base and carry the course forward with its existing facilities.
Key Highlights
- 2012‑built golf course operation with a clubhouse that includes a pro shop, locker rooms, offices, and event space
- Full‑service restaurant and bar in the clubhouse with indoor and patio seating overlooking the course
- On‑site furnished golf villas: 3 turnkey villas for overnight guests, tournament players, or short‑term rentals
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $371.5k | $15.48 |
| − Vacancy | −$14.9k | −$0.62 |
| EGI | $356.7k | $14.86 |
| − OpEx | −$89.2k | −$3.72 |
| NOI | $267.5k | $11.15 |
24,000 SF · lease $15.48/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.82M
$3.34M – $4.46M
NOI $267,494 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$299.05M
$261.67M – $348.89M
NOI $20,933,248 @ 7.0% cap · market cap 644.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Island Hills Golf ...
Golf Course
Similar For Sale Nearby
FAQs
What type of property is this?
Golf course & driving range - Full-service clubhouse with pro shop, locker rooms, and restaurant and bar, plus three turnkey furnished golf villas on-site.
Where is this golf course & driving range located?
The property is located at 61809 Stonegate Centreville, MI.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 2012‑built golf course operation with a clubhouse that includes a pro shop, locker rooms, offices, and event space; Full‑service restaurant and bar in the clubhouse with indoor and patio seating overlooking the course; On‑site furnished golf villas: 3 turnkey villas for overnight guests, tournament players, or short‑term rentals
