3070 Elm Dr - Specialty FOR SALE


West Branch, MI 48661
$1,200,000 USD
770-933-8585
3070 Elm Dr, West Branch, MI for Sale
$1,200,000 USD
Specialty - FOR SALE
1/7
null | Request Cap Rate

3070 Elm Dr
West Branch, MI 48661


HIGHLIGHTS

  • Historically operated as a membership property the seller is ending all obligations to members at sale.
  • 98 Total Acres (26 Ac. is Campground) #003-024-009-00
  • Utilities - Well/Septic
  • All-Sports Lake with Beach, General Store, Putt-Putt Golf Course, Game Room, Playground, Outdoor Pool, LP Gas, Live Entertainment, Fishing & More!
  • Year Built - Mid-1970’s
  • 99 Total 98 Campsites | 1 Rental Unit

OVERVIEW

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire Lake of the North Campground, a 99-site seasonal lakefront resort in West Branch, Michigan. Historically operated as a membership property the seller is ending all obligations to members at sale. The property is well-positioned to benefit from strong market demand for seasonal and transient customers. There are opportunities to increase revenue through possible expansion, rate adjustments, site upgrades, added amenities, and expansion potential. Area Attractions: Lake Huron & Beaches, Lake George, Seney National Wildlife Refuge, Ogemaw Hills Pathway, The Dream Golf Course, West Branch CC, Highway Brewing Company, Local Fairs & Festivals, & more.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$1,200 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake of the North

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Self Storage, Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

98 AC

LAND SF

4,268,880 SF

ZONING

-

APN/PARCEL ID

-

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.