Marcus & Millichap Awarded Exclusive Listing to Sell Fore Lakes Golf Course & Banquet Hall

KIMBALL, MI, October 15, 2012 – The National Golf & Resort Properties Group of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has been retained to exclusively market for sale the Fore Lakes Golf Course & Banquet Hall located in Kimball, MI in St. Clair County, just eight miles from the Canadian Border and approximately one hour north of Downtown Detroit.  Terence Vanek, Associate and lead agent on the deal, and Steven Ekovich, Director, are the listing brokers for this championship golf & banquet facility. 

            Priced at $2,595,000, the Torello family developed the 230 acre site in 1998 to rave reviews and what has arguably become the premier golf course in all of St. Clair County. This prompted the 2005 addition of an exquisite 26,000-square foot Clubhouse & Banquet Hall, whose breathtaking, panoramic views of the property have made Fore Lakes one of the most sought after wedding venues in all of southeastern Michigan. It is perennially recognized by wedding experts The Knot & Wedding Wire as one of the most popular wedding sites in the Detroit Area. The course itself is one of Port Huron’s finest, and has been a feature edition of CBS's acclaimed "Golf Michigan" weekly television segment. 

            Fore Lakes is strategically located with approximately 3,980 feet of shared border with Interstate 69, next to its intersection with Interstate 94, and only minutes from the Blue Water Bridge - one of the busiest international border crossings connecting Port Huron, Michigan and Pointe Edward, Ontario.

Prospective buyers should know the $2,595,000 purchase price is comprised of two components: a championship golf course and banquet property, priced at $2,050,000, and a luxury single-family residence priced at $545,000. This combination of course and residence is unique to most any other golf courses for sale in today's market. The three-story, lakefront dream home is complete with its own practice putting green and stunning vistas of the course and clubhouse from wraparound patios that overlook the club's signature first hole. Mr. Vanek said that “because of the property’s location, reputation, innate beauty and on-site luxury residence, Fore Lakes presents a significant opportunity for an investor to add value immediately and reposition the club as the premier golf resort in the area. Transforming the 9,300-square foot residence into a first-class Stay & Play component introduces Fore Lakes to an entirely new market of Canadian golfers looking for an alternative to Canada’s own financially restrictive greens fees”.

To view all of the golf courses for sale by Terence Vanek and the rest of the golf course brokers at Marcus & Millichap's National Golf & Resort Properties Group, please visit us at:  www.nationalgolfgroup.com.

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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.