MI > Mears > Mi
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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Listed by Austen Lobenherz • Berkshire Hathaway Home Svcs
$8,900,000
Est. payment /mo
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63,000 SqFt
Active

1180 North Shore Drive Mears, MI 49436

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Epique Realty

Epique Realty

+1(512) 387-0722

UPDATED:

Key Details

Property Type Commercial

Sub Type Hospitality

Listing Status Active

Purchase Type For Sale

Square Footage 63,000 sqft

Price per Sqft $141

Subdivision Mi

MLS Listing ID 1933235

Year Built 1993

Lot Size 2.290 Acres

Acres 2.29

Lot Dimensions 180X400X300X750X150

Property Sub-Type Hospitality

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

Zoning Commercial,Motel/Hotel

Body of Water Silver Lake

Rooms

Basement Walkout, Partial, Slab

Interior

Heating Forced Air

Cooling Forced Air

Exterior

Exterior Feature Vinyl

Roof Type Asphalt

Present Use Recreational/Resort

Road Frontage Public Maintained

Building

Sewer Private Septic

Water Private Well

Others

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

Ownership Private Owner

Acceptable Financing Conventional Mortgage, Cash, 1031 Exchange, Other

Listing Terms Conventional Mortgage, Cash, 1031 Exchange, Other

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agent

Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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1180 North Shore Drive