$8,900,000
View On Website
 Property Type Hospitality
 Parcel # 006-140-022-00,182-
 County Oceana
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 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.
http://www.www.maxbroock.com.com/1914843
AGENT/COMPANY DETAILS  
Customer Care
Phone: 800-871-9992
[email protected]
www.www.maxbroock.com.com/1914843
Customer Care
LOCATION  
  • Township  Golden Twp
  • Directions  The Dunes Waterfront Resort in Mears Michigan
  • HOUSE DESCRIPTION  
  • Fin Below Grd SqFt  0
  • Total Fin SqFt  63,000
  • Price/SqFt  $141
  • Current Use  Recreational/Resort
  • Unfinished SqFt  0
  • Above Grade Finished SqFt  0
  • CDOM  212
  • Sub Property Type  Hospitality
  • Year Built  1993
  • Days on Market  212
  • ASSESSMENT/SCHOOLS   
  • Land Assessment  -
  • Improvements  -
  • Acreage  2.29
  • Taxes  -
  • Tax Year  -
  • Summer Taxes  -
  • Winter Taxes  -
  • LOT DESCRIPTION  
  • Lower Level Square Footage  0
  • Waterview  Y
  • Waterfront  Y
  • For Lease/Rent  N
  • Est. Total Acres  2.29
  • Lot Dimensions  180X400X300X750X150
  • WaterFrontage   180
  • INTERIOR FEATURES  
  • Heating  Electric, Forced Air
  • Cooling  Electric, Forced Air
  • Water  Private Well
  • Zoning  Commercial, Motel/Hotel
  • Body of Water  Silver Lake
  • Heating  Electric, Forced Air
  • EXTERIOR FEATURES  
  • Garage  0.0
  • Basement details  Partial, Slab, Walkout
  • Sewer  Private Septic
  • Features  Additional Buildings, Elevator, Furniture/Fixtures, Phone System, Security System, Sprinkler System
  • Parking Desc  Common, Parking Lot, Paved
  • Exterior Features  Vinyl
  • Terms/Misc.  1031 Exchange, Cash, Conventional, Other
  • Possession  At Closing,Nego
  • DETAILS  
  • Status Change Date  02/03/2024
  • Listing Date  07/25/2023
  • Internet/IDX  Y
  • Licensee Interest  None
  • LISTING OFFICE DETAILS  
  • Listing Office   Berkshire Hathaway Home Svcs
  • Office Address   203 Bridge Street
  • Listing Number   1914843



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