$2,000,000
Mears, MI 49436
MLS# 23029791
Status: Sold
13908 sqft
1 / 25
Property Description
This is your chance to own a well-established motel at the popular Silver Lake Sand Dunes. This 34-unit property on almost 1 acre offers a wide variety of room types, is in the heart of the popular tourist destination, and is within walking distance to all the area attractions. This is operated as a seasonal business from April-October and creates more revenue than some year-round businesses. Silver Lake is a 690 acre all sport lake and is the perfect vacation destination. Explore the 2000+ acres of sand nestled between the shores of Silver Lake and Lake Michigan.
Details
Maps
Location Property Info
County: Oceana
Street #: 8446
Street Name: Parcel B of W Hazel
Suffix: Road
State: MI
Zip Code: 49436
Area: MasonOceanaManistee - O
OfficeContract Info
Status: Sold
Current Price: $2,000,000
List Price: $2,400,000
Listing Date: 2023-08-14
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.97
Lot Square Footage: 42253
Lot Dimensions: Irregular -Ask for Survey
Year Built: 1970
Road Frontage: 90
Mineral Rights: No
Total # Units: 34
# Fin Bldg Lvls: 2
# of Diff Unit Floor Plans: 8
Total # Bldgs: 2
Total SqFt: 13908
Property Use Type: Business
Full Baths: 34
Waterfront: No
Body of Water: Silver Lake
School District: Hart
Tax Info
Tax ID #: 6400665003800
Taxable Value: 354335
SEV: 495200
For Tax Year: 2023
Seller's Annual Property Tax: 15500
Tax Year: 2022
Spec Assessment & Type: None Known
Zoning: Commercial
Remarks Misc
Directions: Take US-31 N to W Polk Rd in Hart. Take exit 149 from US-31 N. Continue on W Polk Rd. Take W Fox Rd to W Hazel Rd in Mears.
Status Change Info
Under Contract Date: 2024-02-29
Sold Date: 2024-05-16
Sold Price: $2,000,000
Sold Price/SqFt: 143.8
Property Features
Property Use: Business; Investment
Uses: Recreation; Other
Ownership: LLC
Business Includes: Equipment; Furniture; Inventory; Real Estate
Construction Type: Block; Frame/Wood
Exterior Material: Stone; Vinyl Siding
Roofing: Composition; Metal
Foundation: Slab
Sewer: Septic Tank
Water: Well
Utilities Attached: Cable Connected; Electricity Connected; Phone Connected; Propane
Util Avail at St: Electricity Available
Heat Source: Propane
Heat Type: Forced Air
Air Conditioning: Central Air; Wall Unit(s)
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Survey
Docs Req Conf Agrmnt: Financials
Sale Conditions: None
Possession: Close Of Escrow
Listing Office: City2Shore Gateway Group
Listing Agent: Amanda Volkers
Last Updated: August - 21 - 2024
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