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226 N 176th Ave - The Last Resort 2,904 SF Specialty Building Offered at $900,000 at a 3.33% Cap Rate in Walkerville, MI 49459



INVESTMENT HIGHLIGHTS
- Waterfront Resort Cottages, RV Sites, VRBO Primary home on 10 Acres. Possibility to purchase more land seperately.
EXECUTIVE SUMMARY
Resort on Little Campbell Lake, Walkerville, MI. Offering 10 Acres, Sandy Beach, Dock, Fishing, swimming, kayaking, and electric motors. The Primary home offers 2904 sq ft, 6 bedrooms, 3 full baths, a 23x12 bonus room above the garage for extra sleeping, a home office, gym, or game room. 2 fully furnished cottages, 3 RV campsites (2) full hook ups (1) electric & room for expanding for more cottages & RV sites. The Possibilities are endless. This could be a Wedding Venue, or a Corporate Retreat. Includes a 24x36 Two story workshop w/ electric, heat, & water, a 24x16 Two story Garden Shed w/electric, a 12x16 Covered Woodshed, a Green House, & an outdoor Wood Burner for back up heat. Repeat business. There is another All Sports Lake just around the corner on Campbell Lake with a boat ramp. There is the possibility of purchasing more land separately, There is a 40 acre heavily wooded for Hunting, 2 bogs for Bird Hunting and a possibly waterfront buildable lot. Rent VRBO or AIRBNB.
PROPERTY FACTS
| Price | $900,000 | Building Class | C |
| Price Per SF | $309.92 | Lot Size | 9.00 AC |
| Sale Type | Investment | Building Size | 2,904 SF |
| Cap Rate | 3.33% | No. Stories | 3 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1958/2000 |
| Property Type | Specialty | Parking Ratio | 13.77/1,000 SF |
| Property Subtype | Trailer/Camper Park | ||
| Zoning | Commercial - Commercial Zoned District | ||
| Price | $900,000 |
| Price Per SF | $309.92 |
| Sale Type | Investment |
| Cap Rate | 3.33% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 9.00 AC |
| Building Size | 2,904 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1958/2000 |
| Parking Ratio | 13.77/1,000 SF |
| Zoning | Commercial - Commercial Zoned District |
AMENITIES
- Property Manager on Site
- Signage
- Waterfront
- Air Conditioning
- Smoke Detector
ABOUT 226 N 176TH AVE , WALKERVILLE, MI 49459
10 Acres, Primary Home, 2 fully furnished cottages, 3 RV campsites (2) full hook ups (1) electric & room for expanding for more cottages & RV sites. Sandy Beach, Dock, Fishing, swimming, kayaking, and electric motors
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Five Star Real Estate Sl
226 N 176th Ave - The Last Resort
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