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1180 North Shore

Golden Twp, MI 49436
  • $8,900,000
  • STATUS: Active
  • ON SITE: 335 Days
  • ID#: 78080010291
UPDATED: 67 min ago
$8,900,000
  • 0
    BEDS
  • 2.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 63,000
    SQFT
  • $141
    $/SQFT
Type:
Commercial
Built:
1993
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
180X400X300X750X150

School Ratings & Info

School District:

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 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.

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IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-07-23T16:04:27.947.
www.prettyhomerealty.com/homes/142683851
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1180 North Shore Golden Twp, MI 49436

  • Price: $8,900,000
  • Status: Active
  • On Site: 335 Days
  • Updated: 67 min ago
  • ID#: 78080010291
0
Beds
0
Baths
0
½ Baths
2.29
Acres
63,000
SQFT
$141
$/SQFT
1993
Built
Neighborhood:
The Dunes Waterfront Resort
County:
Oceana
Area:
Golden Twp
School District:
Hart
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 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.
Exterior Features

Commercial Exterior Features Sprinkler(s) Construction Materials Block/Concrete/MasonryVinyl Foundation Details SlabBasement Foundation Materials Block Lot Size Dimensions 180X400X300X750X150 Roof Material Asphalt Waterfront Description Water Front Waterfront Name Silver Lake

Interior Features

Commercial Utilities Elevator Heating Cooling Forced Air Heating Fuel Electric Room Count 0

Property Features

Accessibility Features Disabled Access Business Type Recreational Commercial Type Business Opportunity Current Use Recreation Inventory Included YN Yes Land Contract YN No Listing Financing CashConventionalTrade/Exchange Ownership Status Private Owned Possession At Close Postal City Mears Settlement Township Sewer Septic Tank (Existing) Short Sale No Title Standard (Private) Unparsed Address 1180 North Shore Water Source Well (Existing) Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Berkshire Hathaway Home Svcs: (231) 547-9905 and Aspire North REALTORS, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-07-23T16:04:27.947.
 
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