1180 N Shore Dr, Home with 0 bedrooms, 0 bathrooms and null parking in Mears MI | Image 1

$8,900,000

1180 N Shore Dr, Mears, MI

Name: 1180 N Shore Dr, For Sale in Mears - eXp Realty
Brand: Berkshire Hathaway Home Svcs
SKU: 1933235
Price: 8900000 CAD

Real Estate

For Sale

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000

Key Facts
Description
Map

Key Facts

Type Hospitality

Levels Commercial Sale

Size 63000 sqft

Garage No

HOA Fees

Taxes

Days Active 99

Approx. Age

Avg. Price Per Sqft $141

MLS® Number 1933235

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.Show Description

MLS® Number1933235

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatElectric, Forced Air

A/CElectric

Heating Fuel

Extras

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