Could be this property is part of his Sunrize Acres property...
http://www.mlive.com/entertainment/jackson/index.ssf/2012/07/ted_nugent_on_returning_to_jac.html
Yeah, he does still own his ranch in MI and could make it his official residence again. Personally I doubt Ted would want to hold office, it would mean campaigning during hunting season. I think he’s happy as a private citizen and NRA board member.