Courtesy of Tammy L Kerr, BHG Connections

$1,850,000

1159 S Shore Drive, Holland, MI 49423

Bathrooms

17
Sq.Ft.

6,000

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. The back portion of the property is zoned CNR Cottage neighborhood residential, so you could build 2 homes if the garage was taken down.

Act now to secure this incredible investment opportunity!

Overview

Property Status

Active Under Contract

Lot Size

0.8 Acres

MLS ID

26024468

Property Type

Commercial

Year Built

1950

Features & Amenities

Total Area

6,000 Sq.Ft.

Neighborhood

Holland

Water Frontage

Lake

Stories

5000

Utilities

Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Roof

Composition

Heat Type

Forced Air

Air Conditioning

Central Air

School District

Holland

Sales Price

$1,850,000

Real Estate Tax

$14,158/yr

Maintenance Fee

$10,378/mo

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1159 S Shore Drive

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$1,850,000

1159 S Shore Drive, Holland, MI 49423

17

6,000

Property Description

Overview

Basic Information

Features & Amenities

Area & Lot

Interior & Exterior

School Information

Financial

Rental Rates

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$1,850,000

1159 S Shore Drive, Holland, MI 49423

17

6,000

Property Description

Overview

Basic Information

Features & Amenities

Area & Lot

Interior & Exterior

School Information

Financial

Rental Rates

Downloads

Schedule a Tour

Explore Holland

Mortgage Calculator

Featured Properties

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