This Multifamily Property is Off-Market.

5087 Alice Court
Ionia, MI 48846 ·

126 Spaces · Multifamily For Sale

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Ionia Campground for sale

Price N/A Property Use Type Investment
No. Spaces 126 Cap Rate 2%
Property Type Multifamily Lot Size 170 AC
Property Sub-type Mobile Home/RV Community
Listing ID: 17250856 Date Created: 07/19/2011 Last Updated: 08/29/2011

Description

Phase I has been completed and is doing very well! The 170 acre property has 126 sites, all full hook-ups. Some of the sites are pull-throughs and most of the sites are big rig friendly. The park is on a state highway very near an interstate highway. In its short history, this high-end park already has a seasonal clientele as well as weekenders and overnight RVers. This park' s amenities include a huge swimming pool, store, rec. room, pavilion, spring-fed lake, and play areas. The main building is very impressive and is a buzz of activity. The permits and engineering are completed for the 700-site property the current owner envisions. The owner will sell the park as-is, or will finish the entire park for a new owner (for an additional cost, of course). This is a property which screams potential and must be seen to be appreciated by the serious buyer who can see the vision.

This property includes 126 sites on approximately 170 acres. The topography is varied from open field to woods to the man-made 6-acre spring-fed lake. Some of the park is designated wetlands. The park is located in a rural setting, but is within minutes of restaurants and retail businesses. The campground is nicely laid out and level, making it easy to move about with even the biggest rigs. The large parcel is already engineered and permitted for many more RV sites, group camping, and walk-in camping areas.

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5087 Alice Court, Ionia, MI 48846 (Ionia County)

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