248-519-4446
4497 S US Highway 23, Greenbush, MI for Sale
Hospitality - FOR SALE
1/56
null | Request Cap Rate

4497 S US Highway 23
Greenbush, MI 48738


HIGHLIGHTS

  • Prime Lakeside Location – 4.37-acre property with 300 feet of Lake Huron beachfront, just 3.5 hours from Detroit.
  • Diverse Accommodations – 16 cabins and 8 beachfront suites, appealing to a wide range of guests.
  • Strong Market Growth – Proximity to aerospace development and family-oriented tourism ensures increasing demand.
  • Expansion Potential – Opportunities to enhance online presence and extend operational seasons for higher revenue.
  • Outdoor & Seasonal Appeal – Prime location for year-round attractions, including golf, fishing, water sports, and snowmobiling.

OVERVIEW

The Stefans R&R Resort is ideally located in Alcona County, nestled just seven miles north of Oscoda, Michigan, and easily accessible via the scenic US-23 Highway. This expansive property covers 4.37 acres, featuring 300 feet of pristine sandy beachfront along Lake Huron. The resort is renowned for being the largest in Greenbush, boasting a total of 24 units including two studio cabins, two one-bedroom cabins, eight two-bedroom cabins, four three-bedroom cabins, eight luxury beachfront suites, and a master home suitable for leasing or housing the new owner. Greenbush is situated approximately 3.5 hours north of Detroit, making it an accessible escape into nature for those in the metropolitan area. This strategic location offers a plethora of on-site and nearby activities ranging from beach sports to snowmobiling, catering to guests’ diverse interests and making it a versatile The resort's unique appeal is further enhanced by the rising trend of "Glamping," attracting a significant niche market seeking luxurious camping experiences. With its well-appointed accommodations, Stefans R&R Resort caters to this demand, providing an upscale outdoor vacation option. Furthermore, the region's development, including the Oscoda-Wurtsmith Airport's selection for a future aerospace launch facility, points to increased business and leisure travel potential, promising additional growth opportunities for the resort. Investors have the chance to capitalize on Stefans R&R Resort’s established reputation, operational efficiencies, and the significant upside potential evidenced by its impressive NOI margins. Expanding the resort's online presence and extending operational seasons could unlock new revenue streams, making this an exceptional investment opportunity in Michigan's thriving hospitality market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

26

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stefan's R & R Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1950

PARKING SPACES

36

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

138,085 SF

ZONING

R-3

APN/PARCEL ID

041-146-000-395-00

ASK ABOUT THIS PROPERTY

Dhaval TaylorThe Sohi GroupMore Info
248-519-4446

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

Dhaval TaylorThe Sohi GroupMore Info
248-519-4446

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