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1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
1180 North Shore Drive
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$8,900,000

1180 North Shore Drive

77 Baths 63,000 Sq.Ft.

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.

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Location

1180 North Shore Drive, Mears, MI 49436

Status

For Sale
Austen Lobenherz

Austen Lobenherz

TITLE

REALTOR®

Property Amenities

Area & Lot
Lot Area 2.29 Acres
Living area 63,000 Sq.Ft.
MLS® ID 1933235
Year Built 1993
Type Commercial
Status For Sale
Exterior
Air conditioning Electric
Heat type Forced Air
Disability Features Main Floor Access, Accessible Entrance, Accessible Approach with Ramp, Accessible Full Bath, Accessible Elevator Installed
Water Source Private
Security Features Security System, Fire Sprinkler System
Sewer Private Sewer
Parking Common, Paved, Parking Lot
Lot Features Freestanding
Roof Asphalt
Finance
Sales Price $8,900,000
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Schedule a Showing

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Thank you for your interest in 1180 North Shore Drive, Mears, MI 49436. We are reviewing your request and will be in touch shortly!

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Work With Us

We understand what it means to live and work in our seasonal climate and the unique challenges this brings to local Real Estate markets. After 10 years selling Real Estate with Berkshire Hathaway in Northern Michigan, we have learned from first-hand experience how to generate financial gains from your property in both bull and bear markets.