Active

1180 North Shore

Golden Twp MI, 49436

$8,900,000


$141.27 per sqft

Active

63,000 sqft

Commercial

Built in 1993

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.

78080010291

MLS ID

July 25, 2023

Listed

February 15, 2024

Updated

Interior Features

Interior Features

Elevator


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

2.29 Acres

School Information

School District

Hart

Other Property Details

Area Name

Golden Twp


Days on Market

80


Garage

No


View

No


County

Oceana


Water Source

Well


Pool

No


Zoning

Commercial

 

Courtesy of Berkshire Hathaway Home Svcs

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Logan Wert shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 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.

Provided through IDX through Realcomp II LTD
Originating MLS:
©2024 Realcomp II LTD Shareholders 

Data last updated 11:53 PM UTC, 2/15/2024

Powered byLuxury Presence