11.5% Cap Rate | Premier 18-Hole Golf Course on 140 acres in Newberry, MI
5073 M-123
Newberry, MI 49868
Highlights
- Premier 18-hole golf course on 140 acres of land in the stunning natural beauty of the Upper Peninsula of Michigan
- Included in the sale: 18-hole golf course, maintenance buildings and equipment, cart garages, and newly constructed clubhouse (pro shop, offices, restaurant, bar, full kitchen, men's and women's locker rooms)
- Numerous improvements have been made over the past 10 years with many growth and development opportunities in place for the next owner
- Additionally available, not included in the sale price, are 60 acres of development land and a 3-bedroom home that can be used as an owner's residence or income-producing rental
Description
SVN | Northco is pleased to present Newberry Country Club ("Property"), an Upper Peninsula golf course located in beautiful Newberry, Michigan. The incredible 18-hole public golf course is situated on 140 pristine acres and features numerous improvements over the past 10 years including a new clubhouse with a restaurant, redesigned bunkers, lengthened holes, and new tee boxes. The property is noted as one of the premier courses in the area with scenery unlike any other and consists of a breathtaking 18-hole course, clubhouse, restaurant, sports bar, and pro shop. Newberry Country Club is filled with unique variety suitable for all levels of golfers. Newberry is located just 45 minutes north of the Mackinac Bridge that connects the lower and upper peninsulas of Michigan. Additionally available, not included in the sale price, are 60 acres of development land and a 3-bedroom home.
The property is located in Newberry, a charming town located in the Upper Peninsula of Michigan and known as the Moose Capital of Michigan. Nestled amidst the pristine natural beauty of the region, Newberry offers a serene and picturesque setting. Newberry is surrounded by lush forests, tranquil lakes, and rolling hills, making it a haven for nature lovers. The town is situated near the Hiawatha National Forest, providing residents and visitors with ample opportunities for outdoor recreation, including hiking, camping, fishing, snowmobiling, atv/orv-riding, and wildlife watching. Newberry exudes a small-town charm with its friendly community, local shops, and cozy cafes. The pace of life here is relaxed, creating a welcoming atmosphere for both residents and tourists. The town's streets are lined with quaint houses and local businesses, contributing to its welcoming and warm ambiance. Well-known area attractions include Oswald's Bear Ranch and Tahquamenon Falls, arguably the best waterfall in the state.
As a gateway to Michigan's Upper Peninsula, Newberry serves as a starting point for exploring the vast and diverse landscapes of the region. From dense forests to scenic coastlines, the Upper Peninsula offers a wide range of experiences for those seeking adventure and natural beauty.
Proximity to larger cities:
63 miles west of Sault Ste. Marie
100 miles east of Marquette, MI
110 miles northeast of Escanaba
222 miles northeast of Green Bay, WI
Airports in close proximity include Schoolcraft County Airport (55 miles), Chippewa County International Airport (70 miles), and Austin Straubel International Airport (222 miles).
