5073 M-123 Newberry, MI 49868
- Land
- 8,000 SF
- 140.00 lot acres
Current Use by Public Records
- Land
Property Details for 5073 M-123
- Year built
- 1998
- Lot size
- 140.00 lot acres
- Property size
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newberry
- County
- Luce
- State
- Michigan
- Longitude
- -85.5112
- Latitude
- 46.3048
