Motel and Resort

Hospitality for Sale
Also listed as Business Opportunity, Special Purpose
Catylist Listing ID: 30732876
Property Subtypes: Extended Stay, Motel, Recreation Cabins, Resort, Vacation Rental(s)
Number of Units: 50 Units
Building Size (RSF): 25,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 - 2 Acres
Sale Price: $3,950,000
Unit Price: $79,000 Per Unit
Property Use Type: Investment, Business
Building Name: Silver Sands Resort Motel and Cottages
Name of Establishment: Silver Sands Resort
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2021

Overview / Comments

Almost 2 acres of Prime Real Estate! Location and exposure is everything and with this business/development opportunity at the gorgeous Silver Lake Sand Dunes you get it ALL. Located on beautiful Silver Lake with 180ft of frontage overlooking the 2000+ acres of Sand Dunes along Lake Michigan. Business includes 50 various rental units consisting of Motel Rooms, Condos, and Cottages. This has been operated as a seasonal business from April - October and creates more revenue than some year- round businesses. Located in the heart of the Silver Lake tourist area and within walking distance to all of the area attractions. Silver Lake is an outdoor haven with a 690 acre all sport lake and is the perfect vacation destination. Call the listing agent for more information at 616-635-6588.

Attachments & Media

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Additional Details

Nearest MSA: Muskegon
County: Oceana
Taxing Authority: Golden Township
Tax ID/APN: 006-650-038-00 006-630-001-00
Zoning: COMMERCIAL
Retail Clientele: Family, Business, Traveler, Tourist, Recreation
Property Located Between: Muskegon and Ludington along the Lakeshore at Silver Lake Sand Dunes
Property Visibility: Excellent
Largest Nearby Street: Hazel Rd
Feet of Frontage: 287
Highway Access: US 31 North
Site Description: Almost 2 acres of Prime Real Estate! Location and exposure is everything and with this business/development opportunity at the gorgeous Silver Lake Sand Dunes you get it ALL. Located on beautiful Silver Lake with 180ft of frontage overlooking the 2000+ acres of Sand Dunes along Lake Michigan. Business includes 50 various rental units consisting of Motel Rooms, Condos, and Cottages. This has been operated as a seasonal business from April - October and creates more revenue than some year- round businesses. Located in the heart of Silver Lake tourist area and within walking distance to all of the area attractions. Silver Lake is an outdoor haven with a 690 acre all sport lake and is the perfect vacation destination. Call the listing agent for more information.
Area Description: Tourist area in the heart of Silver Lake Sand Dunes
Nearby Attractions: Mac Wood Dune Rides, Craigs Cruisers, Silver Lake State Park and ORV area, Little Pointe Sable Lighthouse, Wild Bill Dune Rides, Pentwater State Park.
Total Number of Buildings: 10
Number of Stories: 2
Property Condition: Excellent
Roof Type: Other
Construction/Siding: Vinyl Siding
Water Recreation: Outdoor Pool, Other
Exterior Description: Siding, Steel Roof, Asphalt Roof
Parking Type: Surface
Parking Description: Parking at Motel/Condos, Individual parking at all Cottages
Sprinklers: None
Heat Type: Propane, Other
Heat Source: Baseboard, Central, Wall Units, Other
Air Conditioning: Window Unit
Internet Access: DSL
Interior Description: Numerous room types that have been remodeled at different times.
Zoning Description: Commercial Property
Lot Frontage: 98 + 180= 278
Lot Depth: 312 + 225=537
Water Service: Well
Sewer Type: Septic
Legal Description: 8446 W HAZEL RD ESMT-L2016P17527 MLC862339 QC939692 QC940097 QC940100 WD9816877 SPL IN 99/PW PCL QC-L2003P42673 PLAT OF SILVER LAKE VILLAGE TH PT OF LOT 38 & TH PT OF GOVT LOT 2, SEC 29 LYG E'LY OF FOLL DESCD LN: COM AT NW COR LOT 38, TH S 05 DEG E 88.23 FT, TH S 03 DEG E 140.21 FT, TH N 89 DEG E 56.58 FT, TH S 01 DEG E 70.54 FT TO POE. . MLC862339 QC939692 QC940097&100 PT TO 002 IN 86 & 001-10 IN 92 WD9816877 PT TO 001-20 IN 99/PW QC-L2003P42673 SHORE ACRES TH PT OF LOTS 3,4 & 5 & TH PT OF GOVT LOT 2, SEC 29 COM AT SW COR LOT 1, TH N 88 DEG E 195.02 FT, TH N 04 DEG W 103.94 FT TO POB, TH N 04 DEG W 35.02 FT, TH N 86 DEG E 69.66 FT, TH N 07 DEG W 25.05 FT, TH N 15 DEG W 41.26 FT, TH N 85 DEG E 74.46 FT TO W LN LOT 38, PLAT OF SLV, TH N 05 DEG W 88.23 FT, TH N 89 DEG W 100.17 FT TO NE COR LOT 5, SHORE ACRES, TH S 88 DEG W 224.39 FT TO NW COR LOT 5, TH S 03 DEG E 199.85 FT, TH N 87 DEG E 193.45 FT TO POB.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,742 2,850
Median Age: 51.37 50.28
Households: 781 1,241
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