Banking & Finance, Real Estate, and Sports Business

Firm sells former golf course

May 5, 2015
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Brokerage sells former golf course
The site of the former BraeSide Golf Club in Courtland Township covers about 116 acres. Courtesy Amicus Management

About 116 acres of former golf course land is up for sale.

BraeSide Golf Club

What was once the site of the 18-hole BraeSide Golf Club in Courtland Township, just east of Rockford, located at 5460 11 Mile Rd. NE, is available for purchase for $965,000, according to Amicus Management, an Ada-based firm that’s conducting the sale.

The property is zoned for rural residential and general commercial uses.

An appraisal on the property indicated that the land could be used be best used as a residential development, said Kent Carpenter, project director, Amicus Management.

“There appears to be a trend in West Michigan where smaller, less-established golf courses are being converted over to other uses. This may be one of them," Carpenter said.

The property

The site is comprised of three combined parcels.

There are four buildings on the property, making up a total of about 9,450 square feet of commercial space: there's a 5,520-square-foot pole barn that was built in 2005; a 1,344-square-foot pole barn that was built in 1977; a 2,586-square-foot clubhouse that was built in 1980; and a 1,526-square-foot barn house that was built in 1978.

“Courtland Township is mostly single-family homes and farms, with the little commercial development thrown in,” Carpenter said. “The homes there have an average sales price of about $223,000, so it is an upscale community. And the demand for single-family homes and condominiums has been growing in the township.”

Latest chapter

The golf course was purchased by Braeside Hills LLC in 2004 and closed down last year.

Amicus Management was named as court-appointed receiver on April 22 by Circuit Court Judge Christopher Yates.

The firm is managing the property on behalf of the plaintiff, United Bank of Michigan, and the defendant, Braeside Hills LLC, which defaulted on loans held by United Bank.

“The course has been a less-established course in the area, so it’s been marginal on profitability for several years now,” said Matthew Gryczan, project director, Amicus Management. 

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