United StatesMichiganMears1180 N Shore Drive

1180 N Shore Drive
1180 N Shore Drive Mears, Michigan 49436 United States

$8,900,000
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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...
$8,900,000
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74
Bedrooms
75
Full Baths
3 Acres
Exterior
Commercial
Property type
471772
Web Id
471772
MLS ID
Hart Public
School District
136
days ago

About 1180 N 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 with a new roof and siding recently. 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 are asking to contact the listing brokers or licensed real estate broker for assistance and showing opportunities. Financial and additional documentation is available upon request.

PROPERTY INFORMATION

Basement
Slab
Sewer
Septic
Water
Township
Waterfront
Water Front

EXTERIOR

Roofing
Asphalt Shingle
This Mears Commercial is for Sale at $8,900,000. Has on a lot of 3 Acres and it's composed from 74 bedrooms, 75 full baths.

 

Listing Courtesy of Berkshire Hathaway HomeServices Real Estate
Listing Courtesy of Berkshire Hathaway HomeServices Real Estate

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