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US
MI
Mears
49436
49436
W87° 34' 48.7''
N43° 40' 55''
Contact Info
Rik Lobenherz
209859
Property Description

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 Michigans 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 managers 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.

1180 N Shore Drive

Mears, Michigan 49436, United States

  • Bedrooms : 74
  • Bathrooms : 75
  • Square Footage: 130,680 Sqft
$8,900,000
Listing ID#71600
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Basic Details
Property Type : Commercial
Listing Type : Active
Listing ID : 71600
Ref ID : 350943622
Price : $8,900,000
Bedrooms : 74
Bathrooms : 75
Square Footage : 130,680 Sqft
Lot Area : 3 Sqft
MLS : 471772
Office ID : MI301-025
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Agent info
Rik Lobenherz
Michigan Real Estate
Michigan Real Estate
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