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ISLAND HILLS GOLF CLUB, VILLASAND DEVELOPMENT OPPORTUNITY61809 STONEGATE DRIVECENTREVILLE, MI 49032
Frank Jermusek, JDPresident / Managing [email protected]
Cameron Peterson, CCIMSenior Advisor / [email protected]
Edward RuppSenior [email protected]
Emilia [email protected]
SVN | NORTHCO REAL ESTATE SERVICES | 1600 UTICA AVENUE SOUTH, 9TH FLOOR, MINNEAPOLIS, MN 55416 OFFERING MEMORANDUM
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
PROPERTY OVERVIEWSVN | Northco is pleased to present for sale the Island Hills Golf Club, Villas and Development Opportunity inCentreville, MI on the shores of the stunning Lake Templene ("Property"). The Property consists of an 18 holechampionship golf course, restaurant, pool club, lodging, about 198 residential development lots and onecommercial lot. The owners invested millions into the Property with luxury in mind and now with amenitiesalready in place, Island Hills has the potential to be St. Joseph's premiere residential development community. Theowners are open to bifurcating the sale, but the greatest amount of opportunity comes from purchasing anddeveloping the whole Property.
PROPERTY HIGHLIGHTS• The total property consists of 340 acres located on the shores of the popular Lake Templene, located between Chicago
and Detroit
• Estimated 198 residential development lots and one commercial lot- potential for adding residential units, lodging andmore amenities
• 18-hole golf course designed by award-winning designer and architect Raymond Hearn with upscale clubhouse andrestaurant
• Three luxurious golf villas for 'stay and play' and one cottage onsite
• The pool club features a 75-foot heated pool and cafe, potential to add beach/boat clubs on the lake
OFFERING SUMMARY
OVERALL SALE PRICE $6,999,000
ISLAND HILLS GOLF CLUB $1,295,000
GOLF VILLAS + COTTAGE $1,425,000
DEVELOPMENT LOTS $4,295,000
TOTAL ACREAGE Est. 340 Acres
CO-LISTED WITHDoug Wright with SVN |
Property InvestmentAdvisors
Overview Of Opportunity
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
SALE OVERVIEW
Island Hills Golf Club is recognized as one of the premier golf courses in the state of Michigan. This 18-holechampionship course, designed by Raymond Hearn, has benefited from a significant amount of capital that thecurrent owners have put in over the past few years and is poised for growth. The main clubhouse, with waterfrontand golf course views, is home to the pro shop and the fine dining restaurant and bar, "Cassandra's at IslandHills". Indoor and outdoor event space is available for weddings, banquets and corporate events. Island Hills GolfClub also has an outdoor 75' pool and cafe for guests to enjoy.
SALE HIGHLIGHTS
• The golf course property is est. 220 acres located on Lake Templene
• 18-Hole golf course designed by award-winning designer and architect Raymond Hearn
• Clubhouse includes the pro shop and a fine dining restaurant and sports bar "Cassandra's at Island Hills"
• The pool club features a 75-foot heated, outdoor pool and cafe
• Significant capital investment in recent years
• Three luxurious golf villas for 'stay and play' and one cottage onsite. Great potential for additional lodging tobe developed
• Estimated 198 residential development lots and one 15-acre commercial lot
OFFERING SUMMARY
Sale Price:$1,295,000
Clubhouse and Restaurant 5,000 SF
Pool Building and Cafe 888 SF
Maintenance Shed 5,000 SF
Cart Barn 1,100 SF
Lot Size: Est. 220 Acres
Island Hills Golf Club Summary
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
SALE HIGHLIGHTS
• Three golf villas that were built to be the most luxurious accommodations for 'stay and play' packages in thearea.
• Located near the clubhouse and pool club with outstanding vistas overlooking the signature par 3 17th hole.
• 4-5 bedrooms units, spacious living room area, meeting/recreation room, full kitchen, fireplace, balcony andpatio. All units have security systems.
• Each bedroom has its own full bath and separate key cards to be rented individually.
• Fully furnished including HDTVs, internet, washer/dryer, refrigerator, electric range with oven, dinnerware,Keurig coffee machine, ice machine and gas grills.
• One cottage has been built next to the clubhouse and pool club that is currently occupied by onsitemanagement. This may be continued for that purpose, rented out for 'stay and play' or sold and put back intoa rental pool.
OFFERING SUMMARY
Sale Price:$1,425,000
Golf Villas Est. 3580 SF each
Cottage 1600 SF with 920 SFfinished walk-out basement
Golf Villas And Cottage Summary
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
TESTIMONIALS
• Chicago media who have played Island Hills described it as “one of the premier experiences available in the Great Lakes Region.”• Len Ziehm, Chicago golf writer since 1971, says “Island Hills may be the ultimate hidden gem among golf courses in not only the Midwest, but in the entire U.S. It’s ideal for
any type of player. The ambiance for dining and lodging is ideal as well. I’ve been to Island Hills a number of times in the last few years, and I’d recommend a visit there toanyone looking for a fun, golf getaway.”
• Dr. Gary Wiren, Sr. Director of Instruction for Trump International has played Island Hills several times and said, “This is one of the best public golf courses I have everplayed!”
• Danny Quast, retired Superintendent of Medinah Country Club where the 2013 Ryder Cup was played said, “I love to play at Island Hills because it has 18 distinctlydifferent golf holes.”
• Matt Ginella on Golf Channel’s Morning Drive show “highly recommended Island Hills as a golf destination.”• The late Phil Kosin, golf critic and Chicagoland Golf publisher, once said about Island Hills: “This one’s definitely worth the drive…one of the sweetest 18s I’ve seen – rural
or urban.”• Kevin Frisch of Pure Michigan who has stayed in the Golf Villas said, “This is the best Stay and Play facility I have ever stayed in.”• Mark Zona, Island Hills resident and host of Zona’s Awesome Fishing Show on the Outdoor Channel says this about Lake Templene, “Although this area has Island Hills
Golf Club, one of the most scenic golf courses in Michigan, it offers much more than golf. I travel the country fishing and when I come back to Island Hills and LakeTemplene, I know I’ve come home to one of the best fisheries around. It’s a fisherman’s dream. It has the whole package. And I wouldn’t want to raise my familyanywhere else.”
Testimonials
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
OFFERING SUMMARY
Sale Price $4,295,000
Total Acres Est. 120 Acres
Estimated Number of Residential Lots 198
Commercial Lot 2 Acres
Download Full Property Map withExample of Phased Approach http://properties.svn.com/islandhills
Development Lot Summary
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
LOCATION DESCRIPTION
Centreville is located in St. Joseph County Michigan which offers stunning rural landscapes near thriving metro areas. Within the 521 square miles of the county, 20 of thosemiles are composed of water! This is truly an outdoor resort-lovers paradise. In just 45 minutes, you can be in Kalamazoo or Mishawalka, or in just a few hours, Chicago orDetroit. Shopping, shows, fine dining, and professional sports events are all just a train ride or short drive away.
Centreville is located approximately 35 miles south of Kalamazoo, 140 miles east of Chicago, 150 miles west of Detroit, 210 miles north of Indianapolis, and 225 miles west ofCleveland. There are over 45 million inhabitants within a 4-hour drive.
The 900-acre Lake Templene is famous for some of the best bass fishing in the Midwest. It is one of Michigan's largest and most pristine inland lakes and a source ofconstant enjoyment for boaters, sport fisherman, swimmers, bird watchers and year-round residents who cherish its solitude, serenity and natural beauty.
Location Description
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Regional Map
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Location Maps
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Aerial Map
ISLAND HILLS GOLF CLUB, VILLAS AND DEVELOPMENT OPPORTUNITY | 61809 STONEGATE DRIVE CENTREVILLE, MI 49032 SVN | Northco Real Estate Services | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
POPULATION 25 MILES 150 MILES 250 MILES
Total population 278,551 15,357,312 47,078,830
Median age 36.3 36.8 37.1
Median age (Male) 35.1 35.6 36.1
Median age (Female) 37.8 37.9 38.0
HOUSEHOLDS & INCOME 25 MILES 150 MILES 250 MILES
Total households 102,939 6,022,858 17,825,282
# of persons per HH 2.7 2.5 2.6
Average HH income $62,576 $62,388 $69,349
Average house value $168,814 $182,523 $217,510
* Demographic data derived from 2010 US Census
Demographics Map
