Property profile

14620 Lincoln Lake Ave Gowen, MI 49326

FOR SALE
Commercial real estate
Property ID
US43-4251798
17.79 ac lot Built 2018
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional business opportunity presents a well-established FootGolf course and clubhouse situated on a high-traffic road in Kent County, Michigan. Boasting 15.25 acres of land, the property offers unparalleled visibility and easy access for customers. The professionally maintained FootGolf course provides a unique and enjoyable recreational experience for players of all skill levels and ages, attracting a consistent stream of both local and tourist clientele. The attractive clubhouse complements the course, featuring a fully equipped kitchen and bar, serving a diverse menu of food and specialty cocktails. This versatile venue extends beyond recreational activities, hosting various special events, including corporate gatherings, team-building exercises, and private celebrations. The combination of indoor and outdoor spaces provides ample room for diverse functions. The 2,340 square foot clubhouse and expansive grounds create a profitable and appealing business model, ready for a new owner to continue its success. The asking price for this turnkey operation is $1,500,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2018
Lot 17.79 ac (774,932 SF)
Zoning code R-R
APN 41-04-26-176-002
UPID US43-4251798

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14620 Lincoln Lake Ave Gowen, MI 49326
Gowen metro Census 10102 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2024
Price N/A
2019
Price N/A
2018
Price N/A
2017
$30,000

Zoning & alternative use

R-R · Gowen, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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