BIG POWDERHORN MOUNTAIN RESORT
N11375 POWDERHORN ROAD BESSEMER, MI 49911
Frank Jermusek, JD President / Managing Director 952.820.1615 [email protected] Edward Rupp Senior Advisor 952.820.1634 [email protected] Emilia Molle Advisor 952.820.1618 [email protected]
SVN | NORTHCO REAL ESTATE SERVICES | 1600 UTICA AVENUE SOUTH, 9TH FLOOR, MINNEAPOLIS, MN 55416 SALE BROCHURE Property Summary
OFFERING SUMMARY PROPERTY OVERVIEW
Sale Price: $2,435,000 SVN | Northco is pleased to present the sale of Big Powderhorn Mountain Resort located in "Big Snow Country" in the Upper Peninsula of Michigan near Lake Superior. Voted the favorite downhill terrain in the Midwest, the ski resort is one of the top-rated in the region. Combine an average of 17 feet of natural snowfall, incredible views of Upper Peninsula forests, renowned grooming, family-friendly atmosphere and activities, outstanding food and beverage options and a charming Cap Rate: 11.76% Bavarian style village and you have the makings for an unforgettable winter getaway!
PROPERTY HIGHLIGHTS Lot Size: 254 Acres • Top-rated ski resort in the Upper Peninsula of Michigan- favorite downhill terrain in midwest • Located in "Big Snow Country" near Lake Superior, a premier midwest vacation destination Property Website northco.com • Turn-key operation with 45 runs, multiple terrain parks, 10 lifts, 250+ acres, longest run of 1 mile, 622 vertical feet and night skiing • Main lodge includes bar & restaurant, cafeteria, ski shop, ski school, and rentals. Second lodge includes bar & Co-listed With Doug Wright, SVN | restaurant, pool/sauna for lodging guests, gift shop, locker rooms and 2-bedroom apartment for onsite manager Property Investment • 3-bedroom ski house rental (owned) plus additional 30+ lodging rental units adjacent to mountain, including ski-in/ski- out, privately owned but managed by Big Powderhorn Advisors, LLC • Also available, but not included in the sale price, are 140 acres of potential development land
BIG POWDERHORN MOUNTAIN RESORT | N11375 POWDERHORN ROAD BESSEMER, MI 49911 SVN | Northco Real Estate Services | Page 2
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Sale Highlights
SALE HIGHLIGHTS • Turn-key operation on 254 acres of land • 45 runs, 10 lifts and multiple terrain parks • 250+ skiable acres with the longest run of 1 mile, 622 vertical feet • Night skiing offered • 20,000 SF main lodge includes bar & restaurant, cafeteria, ski shop, ski school, and rentals • 15,000 SF second lodge includes bar & restaurant, pool/sauna for lodging guests, gift shop, locker rooms and 2-bedroom apartment for onsite manager • 3-bedroom ski house rental (owned) plus additional 30+ lodging rental units adjacent to mountain, including ski-in/ski-out, privately owned but managed by Big Powderhorn • Rental shop carries Elan shaped skis and snowboards by Elan, Rossignol, and HEAD. High performance lineup includes upper level men’s and women’s specific er tail packages. Choose from twin tip models and Elan shaped; Nordica or Dalbello boots; and Elan bindings. • Lessons available for beginners, children, semi-private and private • Also available, but not included in the sale price, are 140 acres of potential development land
BIG POWDERHORN MOUNTAIN RESORT | N11375 POWDERHORN ROAD BESSEMER, MI 49911 SVN | Northco Real Estate Services | Page 3
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Additional Photos
BIG POWDERHORN MOUNTAIN RESORT | N11375 POWDERHORN ROAD BESSEMER, MI 49911 SVN | Northco Real Estate Services | Page 4
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. BIG POWDERHORN MOUNTAIN RESORT | N11375 POWDERHORN ROAD BESSEMER, MI 49911 SVN | Northco Real Estate Services | Page 5
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Trail Map
BIG POWDERHORN MOUNTAIN RESORT | N11375 POWDERHORN ROAD BESSEMER, MI 49911 SVN | Northco Real Estate Services | Page 6
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Regional Map
BIG POWDERHORN MOUNTAIN RESORT | N11375 POWDERHORN ROAD BESSEMER, MI 49911 SVN | Northco Real Estate Services | Page 7
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Location Map
BIG POWDERHORN MOUNTAIN RESORT | N11375 POWDERHORN ROAD BESSEMER, MI 49911 SVN | Northco Real Estate Services | Page 8
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Demographics Map
POPULATION 150 MILES 300 MILES 450 MILES
Total population 1,270,078 14,592,909 37,013,406
Median age 41.7 37.8 39.1
Median age (Male) 40.8 36.9 38.1
Median age (Female) 42.6 39.1 40.0
HOUSEHOLDS & INCOME 150 MILES 300 MILES 450 MILES
Total households 541,520 5,964,745 14,476,583
# of persons per HH 2.3 2.4 2.6
Average HH income $56,004 $65,848 $74,273
Average house value $171,131 $234,951 $243,465
* Demographic data derived from 2010 US Census
BIG POWDERHORN MOUNTAIN RESORT | N11375 POWDERHORN ROAD BESSEMER, MI 49911 SVN | Northco Real Estate Services | Page 9
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.