Lake Michigan Lake Michigan Potential for Residential with Private Harbor SUNSET BAY PRIVATE HARBOR | DEVELOPMENT OPPORTUNITY 21 - 35± acres | Washington Island, WI Eddy A. Dingman | Real Estate/Business Broker | + 847 987 6626 Direct | [email protected]www.nationalgolfandmarina.com
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Lake Michigan
Lake Michigan
Potential for Residentialwith Private
Harbor
SUNSET BAY PRIVATE HARBOR | DEVELOPMENT OPPORTUNITY21 - 35± acres | Washington Island, WI
Eddy A. Dingman | Real Estate/Business Broker | + 847 987 6626 Direct | [email protected]
www.nationalgolfandmarina.com
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
PLEASE DO NOT DISTURB EMPLOYEES
SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verifi ed by National Golf and Marina Properteis Group of Cold-well Banker Commercial NRT or by the Seller.
This document is provided subject to errors, omissions and changes in the information and is subject to modifi cation or withdrawal. The contents herein are confi dential and are not to be reproduced without the express written consent of National Golf and Marina Properteis Group of Coldwell Banker Commercial NRT.
Disclaimer Statement
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
PLEASE DO NOT DISTURB EMPLOYEES
SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Table of Contents
EXECUTIVE SUMMARY
THE OFFERING .................................................................. 1
ABOUT WASHINGTO ISLAND .......................................... 11 ISLAND FERRY MAP ........................................................ 14
CONCLUSION
OPINION OF VALUE ......................................................... 15 CONTACT INFORMATION ................................................ 16
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
The National Golf and Marina Properties Group of Coldwell Banker Commercial NRT is pleased to offer the sale of Sunset Bay Private Harbor, a beautiful place to have your own personal estate and private harbor to dock your mega yacht. The property is located at South Shore & Njord Heim Drive, Washington Island, WI.
This large 21± acreage waterfront commercial property creates a great lakes destination and private residence. Tap into the potential for multiple income sources such as condos, townhomes, shops, a restaurant with water views - the opportunities are endless. Also available is an adjacent 14± acre vacant inland lot with pond and building. This separate parcel can be purchase separately or in addition to Sunset Bay.
Washington Island is a unique destination. Island living is richer and more earthy than the hustle and bustle of lower Door County. It takes a special person to appreciate the lifestyle of
SUNSET BAY PRIVATE HARBOR
Washington Island, WI
Lake Michigan
Offer Price: $1,875,000 - $2,071,000
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Sunset Bay - With a total of 21± acres of waterfront commercial property, this private harbor includes the following highlights:
21± acres of commercial/residential zoned shorefront
2.5 surface acres of harbor on Lake Michigan
1200' of Lake Michigan shorefront
Protected harbor blasted out of limestone
Great investment opportunity
Fantastic income potential
Buildable for high-end multi-family or personal estate
Airport on Washington Island
9-hole golf course on the Island
Open areas and wooded areas
Additional Parcel - With a total of 14± acres of open meadow, woodland, rocky ridges adn wildlif epond. An inland haven, yet close to the lanke so you will be able to hear the waves as they roll onto the shore. The property can be divided into smaller lots and the MC zoning allows for residential and/or commercial use. Many options! The building is currently used for rental storage.
14± acres of commercial/residential zoning
Building size of 38' x 78'
Parcel #028-03-173330-42A2
Approximate taxes of $2,806 (2012)
Corner of Hemlock & Woodland
The subject property includes two parcels that can be purchased separately or as a combined development opportunity. Details on each available acreage is detailed below:
Offer Price: $1,875,000
Combined Offer Price: $2,071,000
Offer Price: $196,000
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Lake Michigan
Lake Michigan
21± BUILDABLE ACRESSingle Family
High end Condos
Protected Harbor
Location Aerials
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Lake Michigan
Lake Michigan
Location Aerials
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Location Aerials - Additional Parcel
Additional 14± acre Parcel
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Island Maps
SUNSET BAY
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Island Maps
Additional 14± acre parcel
Sunset Bay Private Harbor
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Nautical & Location Maps
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Plat of Survey
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Plat of Survey
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Location Overview
About Washington Island, Wisconsin
Washington Island, WI, is located six miles off the tip of the Door County Peninsula, and is a favorite Midwest destination for tourists year-round. People come to Washington Island to get away from the tension of urban life, to travel “North of the Tension Line” and enjoy a slower, relaxing pace of life!.
Schoolhouse Beach
A geological marvel, this smooth limestone beach provides excellent swimming for advanced swimmers in a marked area with a diving raft. If you aren’t a fan of sand in your shoes this is a must see. The crystal clear waters of Lake Michigan are best visited with a north wind to bring in the warmer surface waters of this deep harbor. The water deepens fairly quickly and diving, rafting or snorkeling is great. This town park presents a favorite area for picnics and grills amidst a beautiful wooded setting. (Caution: please don’t take the rocks as this resource has suffered from the past removal of loads of stone and the maturation of trees in the parking and picnic area.)
Rock Island State Parkrock-Island
A 900-acre state park which boasts the most beautiful beach of Door County on its southern shore. Rock Island is the location of the earliest settlement of the Township of Washington. It is also the site of the oldest lighthouse in Wisconsin waters. Nice hiking trails, beautiful beach, rustic camping. Historical buildings open to the public. No vehicles permitted. Access at Jackson Harbor via the passenger ferry Karfi . Boat dockage available subject to water conditions.
Airport
Washington Island has a 2 grass runways, that allow for planes to land on the Island. It is a well maintained public strip that is mowed and plowed by the Town of Washington. Tie down fees are minimal and the EAA chapter has a Courtesy Van for use. A picnic area is provided for public use at the entrance to the airport. There are tables and other facilities available for you while you watch airplanes take off and land.
Percy Johnson County Park
Watch the sun rise or enjoy a picnic lunch and a swim. This lovely sand beach has exceptional views of Hog Island and eastern vistas. Ample picnic tables and grills are available. The gentle slope of this beach is very nice for bringing small children for wading.
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Jackson Harbor RidgesThe Ridges, a State of Wisconsin Scientifi c Area, is an outstanding example of beach, dune, boreal and shore meadow communities. Information about the Ridges and its program is posted on the bulletin board at the gate. The protected shallow harbor offers wonderful warm swims throughout the summer. The nature trail is open daily for nature study, photography, and peaceful walking.
Red Barn Park/Gislason Public BeachThis family park and beach area is designated alcohol and drug free. Located on a 13-acre tract at the south end of the island, it includes playground, picnic area with grills and benches along the waterside and a small rustic theater, which holds family style performances during the summer.
Sand Dunes BeachWalking a short distance on a sandy trail you’ll fi nd a sand beach located on the south side of the Island. Southern winds bring in Warm Lake Michigan surface water to this beach. The water quality is dependent year to year on lake levels. When the water is low this beach is less attractive for swimming. The gentle slope and fi ne sand make this a favorite of families with small children. The large expanse provides sun-seekers a quiet respite to soak up the rays. No campfi res. Picnic lunches permitted.
Jackson Harbor Maritime MuseumThe museum is located in two former fi shing sheds located in Jackson Harbor where fi shermen continue in the commercial fi shing trade. View artifacts, photographs and videos on local maritime history including commercial fi shing, Coast Guard and area shipwrecks.
W.I. Farm MuseumOpened in June. A non-profi t Wisconsin Corporation. Founded for the public enjoyment and education about farm life on the Island. Weekly activities for children!
Jacobsen MuseumSee an outstanding collection of natural and historical artifacts of the region. Also, a small log cabin, once owned by Jens Jacobsen prior to 1930, has been restored with authentic furniture and a mannequin of Jens which adds realism to the cabin. The museum is open on Memorial Day weekend and then daily 10:00-4:00 until its closing Columbus Day.
Mountain Park Lookout Tower
Climb the steps up Washington Island’s “Mountain” and then ascend the tower on the top that gives you the views of the Northern and Eastern Shore of Washington Island also Rock and St. Martins Islands.
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Art and Nature CenterArt and Nature Center
Since 1965, the ANC has fl ourished as a not-for-profi t organization for Islanders and visitors, promoting the creative arts, providing a sales outlet for Island artists and craftsmen, and directing nature study programs with special emphasis on youth education. Its only sources of funds are contributions, memberships, book store sales and art commissions.
The building housing the ANC dates back to 1904 and was originally used as a schoolhouse, one of four schools on the Island. Upon consolidation of the schools, the building became the high school and was used as such until 1964. The ANC was then founded in 1965 for the preservation and promotion of creative arts and natural history of Washington Island.
Mosling Recreation Center
This gracious gift to the Island community features a 32′ x 60′ indoor swimming pool, whirlpool, well-equipped exercise room, locker rooms, a meeting/game room and two outdoor tennis courts. The facility provides a year around exercise and relaxation center. A wide range of classes and programs are offered throughout the year ranging from health & fi tness to the arts. Open to the public, annual pass and daily user fees.
Trueblood Performaing Arts Center
Main Road – Year round home for the performing arts, business conferences, lectures and cinema, TPAC is a state-of-the-art facility. A 501(c)(3) charitable group, TPAC is supported by memberships, program partnerships, ticket sales and generous donations from patrons like you.
Other Washington Island Amenities:
- Washington Island School System: Preschool through 12th grade
- Community Center where the library, clinic, dentist and town offi ce are located
- Fire Department with parademics
- Police Department
- Over 100 miles of paved roads
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Island Ferry Map
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT
(21-35± ACRE DEVELOPMENT OPPORTUNITY)
Opinion of Value
Asset Value
Priced at $1,875,000, this property has a wide range of facts impacting it’s marketability, some of the positive attributes include the following:
Positive Attributes Personal estate property with private harbor on
Lake Michigan
Airport on the island
Protected harbor on Lake Michigan
Buildable acreage for high-end condo
development with private harbor
All usable acreage
One-of-a-kind investment opportunity
Option of adjoining parcel
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SUNSET BAY PRIVATE HARBOR | CONFIDENTIAL OFFERING MEMORANDUM
NATIONAL GOLF & MARINA PROPERTIES GROUP | www.nationalgolfandmarina.comof Coldwell Banker Commercial NRT