Property summary
This exceptional 15-acre equestrian property in Bellaire, Michigan, presents a unique opportunity for horse enthusiasts and investors alike. The property boasts extensive facilities including four barns totaling approximately 9,000-11,000 square feet of space, with a 120 x 62 covered riding arena. Barn 1 features a large 86 x 44 event area, a 22 x 86 main stall area, additional stall space, and a kitchen. Barn 2 offers an office, two tack rooms, a boarder lounge, grain room, bathroom, and five grooming/tack stalls, plus a hay loft. Barns 3 and 4 provide additional covered arena space and hay storage respectively. The property includes 14 horse stalls in total. Seven pastures, many with apple trees, are equipped with automatic waterers, serviced by a well and an artesian well for the front pastures. Living quarters comprise approximately 899 square feet across two buildings, offering two potential bedrooms and one half bathroom. Heating is provided by wall-mounted propane heaters and a wood stove. High-speed internet is available. The property is conveniently located near Bellaire, with paved county roads providing easy access. Additional amenities include upgraded Electrobraid fencing, a small pond, and agricultural zoning. The property is zoned Resort Residential and sits on APN 05-10-029-001-01. This turnkey operation is offered at $475,000 and is being sold by the owner. The property was built in 1900 and renovated in 2012. Its proximity to Schuss Mountain Resort and Traverse City Horse Shows adds to its appeal. This is a rare opportunity to acquire a well-established equestrian center in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel Resort
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Horse Boarding Stable Service Establishment
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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