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1180 North Shore

Mears, MI 49436
  • $8,900,000
  • STATUS: Active
  • ON SITE: 278 Days
  • MLS #: 1914843
$8,900,000
  • 0
    BEDS
  • 2.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 63,000
    SQFT
  • $141
    $/SQFT
Type:
Business Opportunity
Built:
1993
County:

School Ratings & Info

Description

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.

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[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-26T22:49:58.807.
www.kelder.com/homes/142677504
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1180 North Shore Mears, MI 49436

  • Price: $8,900,000
  • Status: Active
  • On Site: 278 Days
  • MLS #: 1914843
0
Beds
0
Baths
0
½ Baths
2.29
Acres
63,000
SQFT
$141
$/SQFT
1993
Built
Neighborhood:
The Dunes Waterfront Resort
County:
Oceana
Area:
Golden Twp (64007)
Property Description
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.
Exterior Features

Exterior Construction BlockVinyl Siding Foundation Type BasementSlab Lake Name Silver Lake Lot Size 180X400X300X750X150 Parking Parking Lot Roofing Asphalt

Interior Features

Basement YN No Commercial Features ADA AccessibleElevator(s)FixturesOutbuilding(s)Security Syetem OwnedSprinkler System Fuel Type Electric Heating System Forced Air

Property Features

Business Name The Dunes Business Type Recreation Commercial Type Business Financial Terms CashConventionalExchange/Trade Lease YN No Municipality Golden Twp Ownership Private Sale Includes Inventory Sev Year 2023 Sewer Septic Septic Water Private Well Zoning Commercial

Listing courtesy of Berkshire Hathaway Home Svcs : 231-547-9905.

Source MLS: MiRealSource
Originating MLS: Aspire North REALTORS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-26T22:49:58.807.
 
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The Kelder Group LLC
9284 Lapeer Rd.
Davison MI, 48423