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David Lamarand

dave@metrodetroitdave.com +1(313) 622-0239

$ 8,900,000

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1180 North Shore Drive Golden Twp, MI 49436

63,000 SqFt

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Key Details

Property Type Commercial

Sub Type Business Opportunity

Listing Status Active

Purchase Type For Sale

Square Footage 63,000 sqft

Price per Sqft $141

Subdivision The Dunes Waterfront Resort

MLS Listing ID 78080056566

Originating Board Aspire North REALTORS®

Year Built 1993

Lot Size 2.290 Acres

Acres 2.29

Lot Dimensions 180X400X300X750X150

Property Sub-Type Business Opportunity

Property Description

The Dunes Waterfront Resort is a rare opportunity to acquire a high-performing, turn-key waterfront hotel on the shores of Silver Lake, directly across from the iconic Silver Lake Sand Dunes and just inland from Lake Michigan. Known as the ORV mecca of the Midwest, Silver Lake attracts a loyal base of off-roaders and families. Tourism here is remarkably resilient, with demand largely unaffected by broader economic conditions. The resort features 74 spacious guest rooms, including 45 lake-facing units with private balconies. The top floor includes an indoor pool, game room, conference space, and kitchenÃ¢â‚¬"ideal for conversion to luxury suites or a food & beverage venue with dramatic views. A managerÃ¢â‚¬â„¢s office and apartment are adjacent to the front desk. Also included is additional land across the street with storage buildings, supporting hotel operations. The sandy beachfront parcel is conditionally approved for additional structures, allowing for future development such as a bar and grill or watersports rental operation, creating even more revenue potential. The property has been well maintained with a new roof and siding. Historically operated on a five-month seasonal basis, it supports a cap rate just under 10% at the asking price. A seasoned staff is in place, and the resort can be managed semi-passively or by a professional firm. As one of the only full-service lodging options in the areaÃ¢â‚¬"and the highest standard in Silver LakeÃ¢â‚¬"the resort enjoys strong repeat business, rising ADR, and consistent cash flow. Offering includes real estate, FF&E, operations, and additional land. Financials available upon request. Please do not contact on-site staff directly.

Location

State MI

County Oceana

Area Golden Twp

Zoning Commercial

Body of Water Silver Lake

Interior

Heating Forced Air

Heat Source Electric

Exterior

Utilities Available Elevator

Waterfront Description Water Front

Roof Type Asphalt

Accessibility Disabled Access

Building

Foundation Slab, Basement

Sewer Septic Tank (Existing)

Water Well (Existing)

Structure Type Block,Vinyl

Schools

School District Hart

Others

Tax ID 006-140-022-00,182-039-00

Ownership Private Owned

Acceptable Financing Cash, Conventional, Trade/Exchange

Listing Terms Cash, Conventional, Trade/Exchange

Financing Cash,Conventional,Trade/Exchange

Special Listing Condition Unknown/Data Share Listings

Listed by Austen Lobenherz of Berkshire Hathaway Home Svcs

David Lamarand

Agent | License ID: 420941

+1(313) 622-0239

David Lamarand

1180 North Shore Drive Golden Twp, MI 49436

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1180 North Shore Drive