Rescuer Sought for Iconic Michigan Race Track Carrying a $15 Million Tag
In the heart of Western Michigan, approximately 2.5 hours from Detroit, lies Grattan Raceway - a 190-acre property that has been a staple in the motorsports community for over six decades. This 2.0-mile road course and 1.25-mile motocross track, boasting a 3,200-foot straightaway, has seen the likes of celebrities such as Paul Newman, Walter Payton, and Tom Cruise race its tracks.
Co-owner Kurt Faasen, now 72 years old, expressed his desire to continue working at Grattan Raceway. Despite the passing years, Faasen remains hopeful that the racetrack will continue to thrive for years to come. However, the racetrack's future is uncertain, as it has been perpetually for sale.
The most recent listing for Grattan Raceway states a price of $15 million, an increase from an unverified claim of $7 million in 2023. This increase might not be justified given the current economic conditions, raising questions about the potential profitability of maintaining the racetrack.
Grattan Raceway has more than 4,000 feet of frontage along Muskrat Lake, which could make it a good fit for real estate development. However, it's important to note that while large properties with motorsports facilities are often bought by real estate developers, concrete examples of racetracks being converted entirely into housing subdivisions are less common.
Despite not being sold in a previous attempt, despite a lower asking price, Grattan Raceway's history and its status as a family-owned business for 65 years add a unique charm to the property. The racetrack includes full concessions, covered seating for fans, ponds, and a private pool, making it a potential attraction for a variety of uses.
As the future of Grattan Raceway remains uncertain, Faasen and the motorsports community hope that the racetrack will continue to serve as a hub for racing enthusiasts. For more information or to share tips or questions, you can contact caleb@our website.
- Co-owner Kurt Faasen, despite the increase in the asking price of Grattan Raceway from $7 million in 2023 to $15 million, remains hopeful that investors will recognize the potential profitability of maintaining the racetrack, given its unique charm as a family-owned business for 65 years and its prime location with over 4,000 feet of frontage along Muskrat Lake.
- As the future of Grattan Raceway remains uncertain, Faasen and the motorsports community continue to explore investment opportunities in the racetrack, considering its potential for real-estate development while retaining its essential motorsports lifestyle appeal.
- For those interested in investing in the motorsports industry, Grattan Raceway represents an opportunity to own a piece of history and a thriving motorsports community, offering full concessions, covered seating for fans, ponds, a private pool, and even the possibility of residential development.
