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Portfolio For Sale
Iron Mountain, MI

Hospitality Property For Sale

Investment Highlights

  • Premium 4-star all-season resort - 11.1% cap rate - Multi-million dollar renovation recently completed
  • #1 Rated Family Ski Resort in MI and WI: 35 wide open runs over 220 skiable acres, 500 vertical feet
  • 55 lodging units, bar and dining options, banquet/event facilities, Wi-Fi, pool, hot tub, sauna, exercise room, 24-hour market, table tennis and more
  • 360 acres of land including approximately 74 acres prime for development - possibilities include single-family houses, condos/townhomes, etc.
  • 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

PROPERTY FACTS

Property Type Hospitality Corridor Interior
Number of Floors 3 Zoning Description RR-1
Parking Ratio 3.54/1,000 SF APN / Parcel ID
002-423-025-10
  • 002-423-026-00
  • 002-423-030-00
  • 051-000-268-01
Property Type Hospitality
Number of Floors 3
Parking Ratio 3.54/1,000 SF
Corridor Interior
Zoning Description RR-1
APN / Parcel ID
002-423-025-10
  • 002-423-026-00
  • 002-423-030-00
  • 051-000-268-01

Links

Amenities

  • Balcony
  • Fitness Centre
  • Pool
  • Restaurant
  • On-Site Retail
  • High Speed Internet Access
  • Patio
  • Golf Course
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wi-Fi
  • Smoke-Free
  • Hot Tub
  • Fully-Equipped Kitchen
  • Multi-Room Suites
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  • Listing ID: 25065949

  • Date on Market: 16/02/2022

  • Last Updated:

  • Address: Iron Mountain, MI

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