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Price: $8,900,000.00Listing # 1933235 Address 1180 North Shore Drive City: Mears State: MI Zip: 49436 Square Ft.: 63000 Acres: 2.29
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 kitchen—ideal for conversion to luxury suites or a food & beverage venue with dramatic views. A manager’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 area—and the highest standard in Silver Lake—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.
Basic Features: Acres: 2.29 Area: Oceana Type: Commercial Sale Square Ft: 63000
Additional Features: Basement: Walk-Out Access,Partial Business Included: Recreation Business Name: The Dunes Construction: Block,Vinyl Siding Current Zoning: Commercial,Motel/Hotel Dimensions: 180X400X300X750X150 Directions: The Dunes Waterfront Resort in Mears Michigan Days On Market: 5 Days On MLS: 5 Financing: Floor Type: Heating: Forced Air Cooling: Electric Licenses: None Location: Freestanding Lot: Documents: Furniture & Fixtures,Financial,Inventory,Legal Description,Tax Returns Possession: Close Of Escrow,Negotiable Property Status: Active Road Frontage: Roofing: Asphalt For Sale Or Lease: Commercial Sale Township: Golden Twp Waste: Private Sewer Water: Private Year Built: 1993 Zoning: Commercial,Motel/Hotel Listing courtesy of Berkshire Hathaway Home Svcs 203 Bridge Street Charlevoix, MI 49720 |
