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About the Listing 61041 - 705044
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.
Listing Highlights for 1180 North Shore
Status
Active
Days on Site
133
Property Type
Business Opportunity
MLS ®
80056566
Year Built
1993
Total Square Footage
63,000
Lot/Acreage
2.29
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 63000
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Private Well
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 180X400X300X750X150
- Zoning: Commercial
- Roof: Asphalt
- Others:
- Sewer: Septic
- Parking Features: Parking Lot
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1180 North Shore Mears, MI 49436
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