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Property profile

61809 Stonegate Dr Centreville, MI 49032

FOR SALE
Commercial real estate
Property ID
US43-2265147
138.69 ac lot
Entity Owned 13-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 300-acre property, situated on the shores of Lake Templene in Centreville, Michigan, presents a unique investment opportunity. The property includes an 18-hole championship golf course designed by award-winning architect Raymond Hearn, featuring an upscale clubhouse with dining and event facilities. Three luxurious golf villas currently operate as "stay and play" accommodations, with approvals in place for at least nine more. The development potential is significant, encompassing 139 residential lots and one commercial lot, allowing for expansion of residential units, additional lodging, and enhanced amenities. This prime location, midway between Chicago and Detroit, offers unparalleled access to a large and affluent market. Millions have been invested in creating a luxury experience, positioning Island Hills to become a premier residential community in St. Joseph County. The existing infrastructure, including the well-regarded golf course and established lodging, provides a solid foundation for future growth and profitability. This is a rare chance to acquire a fully operational golf resort with substantial development potential. The asking price is $3,949,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 138.69 ac (6,041,336 SF)
APN 012-032-005-00
UPID US43-2265147

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
  • Golf Course

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
2010
$695,000
2010
$695,000

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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