11% Cap Rate | Northern Bay Resort & Golf Course For Sale

Highlights

• Profitable, well-known resort and golf course on beautiful Castle Rock Lake, the 4th largest lake in WI - 11% cap rate
• 18-hole championship golf course featuring 7 holes replicated from PGA Tour courses
• Rental Pool Management - 224 luxury condo units in the association, 2 owned units included in the sale price. Currently 31 condo units and 2 5-bedroom homes are in the rental pool (38 keys)- opportunity to add more for increased revenue
• Activities and amenities include the Island View Pub & Grille, seasonal Tiki Bar, meeting and event space, sports courts, pool, marina, fitness center, sandy beach with swimming area, boat rentals, fishing, ATV and snowmobile trails, cross-country ski trails, and more
• Additionally available, separate from the sale price, are 8.5 acres of development land

Description

SVN | Northco is pleased to present Northern Bay Resort & Golf Course for sale, located on the shores of Castle Rock Lake just north of the Wisconsin Dells. This beautiful resort offers an enjoyable vacation destination for all ages. Point-of-destination golfers will enjoy the 18-hole championship golf course featuring 7 holes replicated from PGA Tour courses. Being the only replica-style golf course in the Midwest, it is a one-of-a-kind experience for golfers of all ages and skill sets. Northern Bay Resort offers a variety of accommodations and recreational activities that provide the fun and amenities of a Wisconsin Dells resort without the hustle and bustle of actually being in the Wisconsin Dells. It’s an unforgettable getaway for the whole family!

Northern Bay Resort is located in central Wisconsin in a prime location that offers small-town charm and stunning views. The resort is located on the shores of Castle Rock Lake, a 16,500-acre lake that separates Adams and Juneau Counties. A tributary of the Wisconsin River, this body of water is home to a wide variety of fish. Both residences and visitors have easy access to this area by crossing the Wisconsin River on the recently expanded bridge. The lake is a popular destination for outdoor enthusiasts that love fishing, skiing, boating/sailing. Fish include Musky, Panfish, Largemouth Bass, Smallmouth Bass, Northern Pike, Walleye, Sturgeon, and Catfish. Other area activities include hiking trails, biking trails, horseback riding, snowmobile trails, cross-county skiing/snowshoeing trails, ATV trails, and more.

The property is located approximately 30 miles north of the popular vacation destination known as Wisconsin Dells. Wisconsin Dells is known for its thrilling attractions, indoor and outdoor waterparks, festivals, live entertainment, and fine dining options. In addition, the Property is located only 5 miles from the popular Sand Valley Golf Resort. Known for its tumbling prehistoric sand dunes of central Wisconsin, the Sand Valley Golf Resort features three unique golf courses which are known as America's newest hidden gem.

https://sandvalley.com/

https://www.wisdells.com/

Distances from larger cities include:

Wisconsin Dells, WI- 30 miles north of the Wisconsin Dells
Green Bay, WI - 120 miles west of Green Bay
Milwaukee, WI - 160 miles northwest of Milwaukee
Minneapolis, MN - 200 miles east of Minneapolis
Chicago, Il - 220 miles north of Chicago

Local airports include Wisconsin Rapids (33 miles) and Stevens Point (50 miles). Nearby International airports include Austin Straubel International Airport, Green Bay (120 miles), General Mitchell International Airport, Milwaukee (160 miles), Minneapolis-Saint Paul International Airport, Minneapolis (200 miles), and Chicago O'Hare International Airport, Chicago (220 miles).

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