1180 N Shore Drive, Mears, MI

$8,900,000

Previous Next

74

Beds

77

Baths

63,000

Sqft

3.00

Acres

Lake:

Other/See Remar

180

Waterfront feet

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 11%+ 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.

Features of 1180 N Shore Drive

MLS® # 471772
Price $8,900,000
Bedrooms 74
Bathrooms 77.00
Full Baths 75
Half Baths 2
Square Footage 63,000
Acres 3.00
Type Commercial/Industrial
Sub-Type Commercial/Industrial
Status Active

Community Information

Address 1180 N Shore Drive
City Mears
County Other
State MI
Zip Code 49436

Amenities

Features Common Area, Paved Roads, Cable TV, Refrigerator, Washer, Natural Gas, Off-Street Parking, Air-Conditioning, Ample Parking, Dryer, Range, Exhaust Fan, Refrigerator Fan, Patio/Deck
Is Waterfront Yes

Interior

Heating Natural Gas
Stories Other
Has Basement Yes
Basement Slab

Exterior

Windows Thermo, Insulated
Roof Asphalt Shingle
Construction Steel Frame, Other, Concrete
Lake Name Other/See Remar

School Information

District Other

Additional Information

Zoning Resort
Foreclosure No
Short Sale No

Listing Details

OfficeBerkshire Hathaway HomeServices Real Estate

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?