1180 North Shore Drive, Mears, Michigan

$8,900,000

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77

Baths

63,000

Square feet

2.29

Acres

About 1180 North Shore Drive

The Dunes Waterfront Resort is a 74 unit waterfront hotel on the sandy shores of Silver Lake and the world famous Silver Lake Sand Dunes which border Lake Michigan to the West. Best known for the ORV and ATV riding Silver Lake is one of Michigan's most popular summer destinations. The Hotel is being offered turn key with a seasonal staff in place which can be managed by a semi-passive investor or professional management co. Historically the property has been a 5 month per year operation and supports a 10% cap rate at ask price. The property has been very well maintained including a new roof and siding. Additional land with storage facilities is located just across the street and included in this offering. of the 74 spacious guest rooms/suites; 45 are facing the water with private balconies and dramatic views of Silver Lake and the sand dunes. The top floor has a large indoor swimming pool, conference rooms, prep kitchen, game room/arcade. Some of this space could be converted to luxury suites or food and beverage operation with the best views the property has to offer. Adjacent to the lobby and front desk operations is a manager's office & apartment. One of the only resort properties operating in the area and the highest standards of accommodations in all of Silver lake has resulted in a high rate of repeat business, steadily increasing ADR and subsequent high cash flow. Interested parties are asked not to communicate with on-site staff and not to call the hotel directly. Financial and additional documentation is available upon request.

Features of 1180 North Shore Drive

MLS® # 1914843
Price $8,900,000
Bathrooms 77.00
Square Footage 63,000
Acres 2.29
Year Built 1993
Type Commercial
Sub-Type Hospitality, Commercial Sale, Private Water Frontage
Status Active

Community Information

Address 1180 North Shore Drive
Subdivision The Dunes Waterfront Resort
City Mears
County Oceana
Province Michigan
Postal Code 49436

Amenities

Utilities WATER: Private Well SEWER: Private Septic
Features Phone System, Security System, Sprinkler System, Furniture/Fixtures, Additional Buildings, Elevator
Parking Common, Paved, Parking Lot
Is Waterfront Yes

Interior

Heating Electric, Forced Air
Has Basement Yes
Basement Walkout, Partial, Slab

Exterior

Exterior Features Vinyl
Lot Description 180X400X300X750X150
Roof Asphalt
Construction Block

Additional Information

Date Listed July 25th, 2023
Days on Market 188
Zoning Commercial, Motel/Hotel
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBerkshire Hathaway Home Svcs

Listing Map

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