10910-10990 US Highway 31 - Specialty FOR SALE


Grand Haven, MI 49417
$4,500,000 USD
770-933-8585
10910-10990 US Highway 31, Grand Haven, MI for Sale
$4,500,000 USD
Specialty - FOR SALE
1/45
null | Request Cap Rate

10910-10990 US Highway 31
Grand Haven, MI 49417


HIGHLIGHTS

  • 242 Total Sites 226 Campsites | 16 Rental Units
  • 38.32 Acres #70-07-26-100-046
  • Utilities - Well/Septic
  • Minutes from Lake Michigan & Downtown Grand Haven, Pool, Wading Pool, Putt-Putt Golf, Go Kart Track, Game Room, General Store, Clubhouse & more!
  • Year Built - 1989

OVERVIEW

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire the Michigan Outdoor RV Portfolio, a 717-site RV/Campground portfolio located throughout Michigan. Rifle River - Sterling, MI - 163 Sites Lake of the North - West Branch, MI - 98 Sites Grand Haven - Grand Haven, MI - 226 Sites Wilderness - Omer, MI - 206 Sites The portfolio features abundant amenities and a myriad of Lake or River frontage and water access at most of the resorts. This provides the opportunity for a buyer to purchase non-stabilized properties at a price well-below replacement cost and stabilize the portfolio at a high double-digit unlevered yield while maximizing on management efficiencies. The properties are well located across popular seasonal vacation destinations in Michigan with great weather and picturesque natural scenery.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Haven Campground

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Self Storage, Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

38.32 AC

LAND SF

1,669,219 SF

ZONING

-

APN/PARCEL ID

70-07-26-100-044,70-07-26-100-046,70-07-26-200-029

ASK ABOUT THIS PROPERTY

Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

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Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.