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://wendywilliams.realestateone.com/471772
Township Other/See Remar
Directions Just off W Silver Lake RD
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 280
Land Assessment -
Improvements -
Acreage 3.0
Taxes -
Tax Year -
Summer Taxes -
School District Other
Winter Taxes -
Lower Level Square Footage 0
Waterview Y
Waterfront Y
For Lease/Rent N
Waterfront Desc Water Front
Est. Total Acres 3.0
WaterFrontage
180
Heating Natural Gas
Water Township
Zoning Resort
Basement N
Body of Water Other/See Remar
Heating Natural Gas
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
Status Change Date 04/08/2024
Listing Date 07/27/2023
Internet/IDX Y
Co-Listing Agent Name Austen Lobenherz
Named Exceptions N
Listing Office
Berkshire Hathaway Homeservices Real Estate
Office Address
203 Bridge St.
Listing Number
471772
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Tuesday, May 7, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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.
