Pine Mountain Golf & Ski Resort and TimberStone Golf Course

Hospitality: Resort
Pending

3332 Pine Mountain Rd, Iron MountainMI 49801

Property Details

Location

Address
3332 Pine Mountain Rd, Iron MountainMI 49801
County
Dickinson
Submarket

Building Size

Building Size
55,149 SF

Building Details

Type
 Hospitality: Resort  
 Pending
Number of Buildings
5
Number of Units
55
Occupancy Type
Single Tenant
Building Class
Building Status
Existing
Floors
3
Year Built
1968
Year Renovated
2021
Sprinklers
No
Parking Ratio

Land & Utilities

Land (Acres)
360 Acres
Land (SF)
15,681,600 SF
Electricity
Yes
Natural Gas
Yes
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
Commercial
Lot Depth
Lot Width

Contacts

Current Listings

Top-Rated Midwest Golf & Ski Resort For Sale | 11.1% Cap Rate

55,149 SF$17,950,000
Cap Rate: 11.1%

PROPERTY HIGHLIGHTS

➢ Premium 4-star all-season resort - 11.1% cap rate - Multi- million dollar renovation recently completed

➢ 360 acres of land including approximately 74 acres prime for development - possibilities include single-family houses, condos/townhomes, ski-in/ski-out villas, golf villas, commercial development, etc.

➢ #1 Rated Family Ski Resort in MI and WI: 35 wide open runs over 220 skiable acres, 500 vertical feet

➢ TimberStone has been named one of the best golf courses in America by Golfweek magazine and 6th best golf course in MI by GolfMichigan.com

➢ 55 lodging units, bar and dining options, banquet/event facilities, Wi-Fi, pool, hot tub, sauna, exercise room, 24-hour market, table tennis, bean bag toss, hiking trails, cross- country ski trails, bicycles, snowshoes, and outdoor fire pit

PROPERTY HIGHLIGHTS

➢ Premium 4-star all-season resort - 11.1% cap rate - Multi- million dollar renovation recently completed

➢ 360 acres of land including approximately 74 acres prime for development - possibilities include single-family houses, condos/townhomes, ski-in/ski-out villas, golf villas, commercial development, etc.

➢ #1 Rated Family Ski Resort in MI and WI: 35 wide open runs over 220 skiable acres, 500 vertical feet

➢ TimberStone has been named one of the best golf courses in America by Golfweek magazine and 6th best golf course in MI by GolfMichigan.com

➢ 55 lodging units, bar and dining options, banquet/event facilities, Wi-Fi, pool, hot tub, sauna, exercise room, 24-hour market, table tennis, bean bag toss, hiking trails, cross- country ski trails, bicycles, snowshoes, and outdoor fire pit

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BROKER

Source: MNCAR

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