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$ 1,850,000
Est. payment /mo
Price Dropped by $149K
1159 S Shore Drive Holland, MI 49423-4587
6,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $308
Subdivision Mi
MLS Listing ID 70534155
Year Built 1950
Annual Tax Amount $14,158
Tax Year 2025
Lot Size 0.800 Acres
Acres 0.8
Lot Dimensions 100 x 350
Property Sub-Type Business
Property Description
Discover an Exceptional Investment Opportunity at 1159 South Shore Drive! Step into a piece of history with this charming historical motel, ideally located just across the street from the bustling Central Market grocery store and mere steps away from the serene beauty of Lake Macatawa with 3 access points and beach. Offering 14 fully operational monthly rentals, including a cozy garage apartment and a private residence, and 13 units in the old motel, this property presents a unique opportunity for investors looking to capitalize on a an extended stay market that could allow shorter term 30 day rentals. With current NMU zoning regulations allowing for 1 short-term rental, the potential for increased revenue is immense if turned into a condo building or going for a non conforming rezoning. Imagine the possibility of adding a second floor maximizing your income potential and catering to the growing demand for vacation accommodations in this sought-after location.
Location
State MI
County Ottawa
Area Holland (70023)
Interior
Heating Forced Air
Exterior
Parking Features 11-20 Spaces
Roof Type Composite
Building
Structure Type Block,Brick,Concrete,Frame,Stone,Wood
Others
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by BHG Connections