334 MELITA RD Sterling MI 48659

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the opportunity to acquire the Northeast Michigan RV Resort Portfolio offerings, Wilderness Resort and Rifle River Resort, located just 7 miles from each other.

The portfolio features abundant amenities and River frontage at Rifle River as well as water access at Wilderness. Guests enjoy abundant opportunities for on-site and nearby water recreation, making these properties ideal for outdoor enthusiasts and family getaways.

The asking price for the portfolio is $3,600,000 ($9,474 / total site).

This represents a 24% stabilized cap rate.

Note: The properties were previously operated as membership parks. All membership obligations will terminate upon sale, ensuring a clean transition. Historic revenue is artificially low as members receive free site cost.

• Due to the historical business model, trailing revenue does not reflect the true potential to operate each park on an independent cash flow basis as the seller doesn’t collect rent on the majority of member stays as they are included with the membership program.

• Positioned near major population centers and offering high-quality amenities, Wilderness Resort and Rifle River Resort are well-suited for conversion to traditional RV parks with strong market demand.

• Many existing members are expected to continue visiting, providing a built-in guest base to support a smooth transition from the membership model.

• With management already in-place under a current out-of-state owner, both resorts are well-positioned for stabilization post-membership transition.

• Significant upside in upgrading many of the sites from 20/30-amp to 50-amp.

• Opportunity to grow revenue by raising rates, improving traditional occupancy, optimizing transient/extended-stay site mix, adding additional cabin sites, billing back electric for extended-stay customers, improving camp store/vending, adding premium WiFi/Cable and other income streams.

• Area Attractions: Lake Huron & Beaches, Rifle River Recreation Area, Point Au Gres Scenic Park, Omer Golf Course, Wigwam Bay State Wildlife Area, Ogemaw County Fair, Dutch Village Family Fun, Local Craft Wine Tastings, Downtown Bay City & Fireworks Festival, and more.