Property profile

4565 Stover Rd Bellaire, MI 49615

OFF-MARKET
Office Spaces
Property ID
US43-3728960
9,000 SF 15 ac lot Built 1900
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Property summary

AI-generated overview

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

Verified
Property type Office Spaces
Year built 1900
Total area 9,000 SF
Lot 15 ac (653,400 SF)
UPID US43-3728960

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • Horse Boarding Stable Service Establishment

Location

4565 Stover Rd Bellaire, MI 49615
Bellaire metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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