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”.
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.