4497 S US Highway 23, Greenbush, MI 48738 For Sale

The Sohi Group is proud to present the Stefan's R&R Resort located in Alcona County, just 7 miles north of Oscoda and right off the scenic US-23 Highway. Greenbush is located approximately 3.5 hours north of Detroit. This resort is the largest in Greenbush with 25 rooms and 300 feet of sandy beach shoreline off of Lake Huron. The rooms range from single bedroom cottages to luxury beachfront suites. There are 2 one bedroom cottages, 8 two bedroom cottages, 4 three bedroom cottages, 2 mini suites, 8 luxury lakefront suites, and a master home that is available to lease out or for housing the new owner. The 8 suites have functional jacuzzi tubs, fireplaces, wet-bars, microwaves, king-sized beds, and a luxurious lakeside view.

In addition to the rooms, there is a recreational building that is used to host events like parties or weddings. There are many on-site activities for customers to enjoy including: ping pong, horse shoes, beach volleyball, barbecue grills, swings, a children's play area, swimming, and more. The area facilitates golfing, hunting, fishing, water sports, canoe and river boat rides, sailing, and snowmobiling. Located spaciously on 3.19 acres of land, this property is a beautiful, nature-rich location making for a peaceful experience.

Note: Property is currently operational 2-3 months out of the year. Asking is based on 12-month operations and the pure demand for waterfront property in the attractive Greenbush Market. Current NOI does not and will not justify pricing but location, scarcity of the CRE supply, and opportunity for new ownership to increase revenue and bottom line plays a major role in pricing.