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Development Opportunity Southwest Michigan

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Development Opportunity Southwest Michigan BERKSHIRE HATHAWAY COMMERCIAL REAL ESTATE WARREN DUNES STATE PARK DEVELOPMENT OPPORTUNITY SOUTHWEST MICHIGAN Presented by: George Kokkonas BERKSHIRE HATHAWAY COMMERCIAL Commercial Real Estate Broker C: 630.362.1941 E: [email protected] WARREN DUNES HAS OVER 1.7 MILLION ANNUAL VISITORS INVESTMENT OVERVIEW Berkshire Hathaway Commercial proudly presents a land development opportunity adjacent to the Warren Dunes State Park in Southwest Michigan. The three land sites are nestled between St. Joseph to the North and New Buffalo to the South. This opportunity consists of three separate locations within one and a half miles of each other. These locations are in the heart of proposed future development. Each location has its own unique characteristics. FOR A VIDEO TOUR OF THE WARREN DUNES The first location consists of three contiguous parcels that are situated at the corner of exit 16. This parcel is 17 +/- acres that has approximately 1000 lineal feet of unobstructed frontage on Red Arrow Highway and is highly visible from I-94. This parcel borders the Warren Dunes State Park to the west. The key feature of this location is that the Warren Dunes State Park, which cannot be developed, is the focal point of the area because it incorporates the Dunes, Lake Michigan and the beach. This parcel has direct access to Lake Michigan via a ¾ of mile foot trail. The second location consists of a 5+ acre parcel of the land which has approximately 1000 linear feet of unobstructed frontage on Red Arrow Highway. This parcel is the first corner property South of Exit 16 on I-94. The third location consists of a 24+ acre parcel of land that has approximately 1000 lineal feet of unobstructed frontage on I-94 and approximately 1000 lineal feet of unobstructed frontage on Red Arrow Highway. This property sits in between exit 12 and exit 16 on I-94. The Warren Dunes State Park is on the west side of Red Arrow Highway. This location, is across from the Warren Dunes State Park, on the east side of Red Arrow Highway. INVESTMENT HIGHLIGHTS • I-94 at exit 16 has more than 45,000 cars passed daily. • Red Arrow Highway is the main corridor for Southwest Michigan. • Red Arrow Highway has approximately 10,000 cars of local traffic traveling on it each day. • Red Arrow Highway is the only road with access to the Warren Dune State Park. • Both properties are currently zoned for a hotel, condominium complex and various other entertainment venues. • Direct access to Lake Michigan via a ¾ of mile foot trail. • Ample sewer and water to all locations. • Four Winds Casino located within 12 miles of the sites; with over 5 million casino visitors per year. • Winery, Breweries and Distilleries • Bike path currently being constructed, 10-foot wide, on the eastside of Red Arrow Highway. 1 1 2 3 2 48.17 total acres 3 Wineries & Vinyards (1) Cogdal (7) 12 Corners (2) Fenn Valley (8) Contessa (3) Cody Kresta (9) Karma Vista (4) Lawton Ridge (10) Lazy Ballerina (5) St. Julian (11) Vineyard 2121 (6) Warner (12) White Pine (13) Baroda Founders (20) Round Barn (14) Dablon (21) Free Run (15) Domaine Berrien (22) Tabor Hill (16) Lake Michigan Vitners (23) Warner (17) Gravity (24) Black Dragon (18) Hickory Creek (25) Round Barn (19) Lemon Creek Tasting Room Distilleries & Breweries (26) Journeyman Distillery (31) Lehman's Orchard (27) Greenbush Brewing Co. Brewery & Farmhouse (28) Tapistry Brewing Co. (32) Haymarket Brewery (29) Zorn Brew Works Co. (33) Tabor Tasting Room (30) Burn 'Em Brewing (34) Watermark Brewing (35) Round Barn Brewery (36) Transient Artisan Ales (37) Beer Church Brewery Quick Facts about Subject Property 37 • Over 5 million annual visitors go to Four Winds New Buffalo. • 15 minutes from Four Winds New Buffalo • 12 wineries and 10 breweries/distilleries within 8 miles • Annual Lake Michigan Shore Wine Fest held at Warren Dunes • 15 minutes to New Buffalo • 20 minutes to St. Joseph • 80 miles to Chicago VISION FOR THE AREA Warren Dunes has three miles of shoreline, six miles of hiking trails and is open year-round. It also has a dune formation that rises 260 feet above the lake with spectacular views and 1,952 acres of recreational opportu- nity. Pet friendly shoreline. 3/4" mile Possible 3/4" Mile Trail to shoreline from property Average daily traffic count Michigan Dept of Transportation C-1, COMMERCIAL IS THE ZONING OF SUBJECT PROPERTIES. Potential Uses • 100+ UNIT APARTMENT COMPLEX • 10+ STORY HOTEL/RESORT • INDOOR WATERPARK • BIG BOX USES ( TARGET, SAMS CLUB, COSTCO) Permitted Principal Uses according to Lake Charter Zoning Ordinance: Uses Requiring Special Land Use Permit 1. Commercial/retail establishments 12. Automobile service and repair stations 2. Personal service establishments 13. Car wash facilities 1. Adult caring institutions 3. Professional service establishments 14. Hotels/motels 2. Day care centers 4. Funeral homes 15. Theaters, nightclubs, bowling alleys, skating rinks 3. Group child care homes, foster care group homes 5. Medical clinics and similiar places of entertainment and recreation 4. Private clubs and organizations 6. Nursing or convalescent homes 16. Places of religious worship 5. Retail shops with on-site fabrication 7. Eating and drinking service establishments 17. Contractor’s offices and yards 6. Veterinarians 8. Financial institutions 18. Institutional uses 7. Communications towers 9. Professional offices 19. Public or private recreational uses 8. Planned unit developments 10. Showrooms 20. Lodging houses 9. Open air businesses 10. Storage facilites 11. Accessory uses, buildings and structures 21. Gas Stations 11. Live-work facilities 12. Golf courses 13. Bed and breakfast facilities 14. Billboards.
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