1180 N Shore Drive Mears, MI 49436 MLS# 471772 Active
MLS# 471772
Active
  

$8,900,000
View On Website
 Property Type Commercial/Industrial
 Parcel # 006-140-022-00,182-
 County Other
MLS Public Remarks  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.
http://www.www.realestateone.com.com/471772
Additional Remarks for WISCONSINHOMES.COM No
AGENT/COMPANY DETAILS  
Customer Care
Phone: 248-304-6700
[email protected]
www.www.realestateone.com.com/471772
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LOCATION  
  • Mailing City  Mears
  • Township  Other/See Remar
  • Directions  Just off W Silver Lake RD
  • HOUSE DESCRIPTION  
  • Fin Below Grd SqFt  0
  • Total Fin SqFt  63,000
  • Price/SqFt  $0
  • Unfinished SqFt  0
  • Above Grade Finished SqFt  63,000
  • CDOM  0
  • Sub Property Type  Commercial/Industrial
  • Year Built  0
  • Days on Market  214
  • ASSESSMENT/SCHOOLS   
  • Land Assessment  -
  • Improvements  -
  • Acreage  3.0
  • Taxes  -
  • Tax Year  -
  • Summer Taxes  -
  • School District  Other
  • Winter Taxes  -
  • LOT DESCRIPTION  
  • Lower Level Square Footage  0
  • Waterview  Y
  • Waterfront  Y
  • For Lease/Rent  N
  • Waterfront Desc  Water Front
  • Est. Total Acres  3.0
  • WaterFrontage   180
  • INTERIOR FEATURES  
  • Heating  Natural Gas
  • Water  Township
  • Zoning  Resort
  • Basement  N
  • Body of Water  Other/See Remar
  • Heating  Natural Gas
  • EXTERIOR FEATURES  
  • Garage  0.0
  • Basement details  Slab
  • Sewer  Septic
  • Features  Air-Conditioning, Ample Parking, Cable TV, Common Area, Dryer, Exhaust Fan, Natural Gas, Off-Street Parking, Patio/Deck, Paved Roads, Range, Refrigerator, Refrigerator Fan, Washer
  • DETAILS  
  • Status Change Date  10/18/2023
  • Listing Date  07/27/2023
  • Internet/IDX  Y
  • Co-Listing Agent Name  Austen Lobenherz
  • Named Exceptions  N
  • LISTING OFFICE DETAILS  
  • Listing Office   Berkshire Hathaway Homeservices Real Estate
  • Office Address   203 Bridge St.
  • Listing Number   471772



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