MI > Mears > Mi
Mears, MI 49436,1180 North Shore Drive
Mears, MI 49436,1180 North Shore Drive
Mears, MI 49436,1180 North Shore Drive
Mears, MI 49436,1180 North Shore Drive
Mears, MI 49436,1180 North Shore Drive
Mears, MI 49436,1180 North Shore Drive
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
$ 8,900,000
Est. payment | /mo

63,000 SqFt

Save
$ 8,900,000
Est. payment | /mo
Save

63,000 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 63,000 sqft

Price per Sqft $141

Subdivision Mi

MLS Listing ID 80056566

Year Built 1993

Lot Size 2.290 Acres

Acres 2.29

Lot Dimensions 180X400X300X750X150

Property Sub-Type Business

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 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.

Location

State MI

County Oceana

Area Golden Twp (64007)

Zoning Commercial

Interior

Heating Forced Air

Exterior

Parking Features Parking Lot

Roof Type Asphalt

Building

Foundation Basement, Slab

Water Private Well

Structure Type Block,Vinyl Siding

Others

Ownership Private

Energy Description Electric

Financing Cash,Conventional,Exchange/Trade

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway Home Svcs
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"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

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1180 North Shore Drive