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    FOR SALE
    Golf courses & driving ranges

    245 E Columbia Ave, Battle Creek, MI 49015

    20,940 SF 134.11 ac lot Built 1927
    Entity Owned 15-yr Hold ~ Est. High Equity
    Property ID
    US43-0551699
    Property summary
    AI-generated overview

    This exceptional 134.12-acre property, known as the Riverside Golf Course & Banquet Center, presents a unique investment opportunity in Battle Creek, Michigan. The existing 18-hole golf course boasts 20,940 square feet of building space, distributed across four buildings, and was originally constructed in 1927. Currently operating as a profitable golf course in pristine condition, the property offers significant upside potential for experienced or first-time golf course operators. The property's zoning (RA1) allows for a variety of uses. Its strategic location, a short distance from downtown Battle Creek and I-94 (the main route between Detroit and Chicago), provides excellent accessibility. Furthermore, its proximity to the new EV plant in Marshall and Fort Custer Park makes it ideally situated to capitalize on the growing demand for mixed-use housing and commercial development in an underserved market. The asking price is $1,899,000, translating to $90.69 per square foot. This presents a rare chance to acquire a substantial property with both immediate income potential and significant long-term redevelopment possibilities.

    Property profile
    Verified
    Property type Golf courses & driving ranges
    Use group COUNTRY CLUB
    Year built 1927
    Total area 20,940 SF
    Lot 134.11 ac (5,842,049 SF)
    Zoning code R1A
    APN 0063-00-100-0
    UPID US43-0551699
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Riverside Golf Club & Banquet Center Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Riverside Gold & Land LLC · 15 yrs held
    Riverside Gold & Land LLC
    since 2011
    3 recorded transactions
    2011
    2006
    $3,200
    2005
    $150
    Zoning & alternative use
    R1A · Battle Creek, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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