MI > Oceana > Mears > 1180 North Shore Drive

For Sale Active

1180 North Shore Drive Map / directions

Mears, MI

49436 Market info

$8,900,000

Calculate Payment

  • MLS# 1914843
  • Photos
  • Map
  • Satellite
Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
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.

Property Information

Status
Active 
Address
1180 North Shore Drive 
City
Mears 
Zip
49436 
Year Built
1993 
Listing Date
07/25/2023 
County
Oceana 
Waterfrontage
180.0 
Possession
At Closing,Nego 
Parking
Common,Paved,Parking Lot 
Price/SqFt
141.27 

Features

Current Use
Recreational/Resort 
Features
Additional Buildings, Elevator, Furniture/Fixtures, Phone System, Security System, Sprinkler System 
Zoning
Commercial, Motel/Hotel 
Water
Private Well 
Sub Property Type
Hospitality 
Licenses
None 
Exterior Features
Vinyl 
Cooling
Electric, Forced Air 
Heating
Electric, Forced Air 

Mortgage Calculator

years
annual
annual

Get Pre-Approved

  • Market Statistics
  • Property History
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1914843 Active Pending Jan 31 2024 8:30AM 242
1914843 Pending Contingency Nov 10 2023 3:32PM 242
1914843 Contingency Active Oct 9 2023 4:46PM 242
1914843 Active Aug 22 2023 2:28PM $8,900,000 242
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MITAAR Logo

Listing Courtesy of Berkshire Hathaway Home Svcs
Office Address 203 Bridge Street

1180 North Shore Drive Mears
Contact us
$8,900,000
For Sale • Acres: 2.29 • Zoning: Commercial,Motel/Hotel