8446 Parcel B of W Hazel Road Mears, MI ^$ 2,400,000

8446 Parcel B of W Hazel Road

^$ 2,400,000

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8446 Parcel B of W Hazel Road

Mears, MI, 49436

^$ 2,400,000

Studio Baths34.0

Monthly Estimate*

^$ 16,765

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Studio

Commercial Property for sale in Mears, MI

for $2,400,000 with 34 full baths. This building was built in 1970 on a lot size of 0.97.

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.

Commercial Pending

Price

^$ 2,400,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 15,500

Style

Business

Lot Size

0.97

Year Built

1970

Town/City

Mears

County/Region

Oceana

MLS | Web ID

23029791

Features

General

Sewer Septic System

Cooling Wall Unit(s) Central Air

Utilities Electric Available Phone Connected Propane Connected Electric Connected Cable Connected

Possession Close Of Escrow

Roof Composition Metal

Construction Materials Vinyl Siding Stone

Year Built 1970

Property SubType Business

Tax Year 2023

Business Type Other Recreation

County Oceana

New Construction N

Property Type Commercial Sale

Status Pending

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.

City Mears

Body of Water Silver Lake

High School District Hart

Zoning Description Commercial

Total Units 34

MLS Area MasonOceanaManistee - O

Lot Size Square Feet 42253.0

Waterfront Y/N N

Street Name Parcel B of W Hazel

Land Lease Y/N N

Tax Annual Amount 15500.0

Lease Renewal Y/N N

MLS Area Minor MasonOceanaManistee - O

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Availability Date 2023-08-14

Days on Market 199

Standard Status Pending

Tax Assessed Value 354335

Ownership Type LLC

Legal Description Lengthy Legal

Senior Community None

Interior

Total Fireplaces 2

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Full Baths 34

Street Suffix Road

Electric On Property Y/N N

Total Baths 34

Exterior

Water Source Well

Inclusions {u'Equipment': True u'Real Estate': True u'Inventory': True u'Furniture': True}

Lot Size Area 0.97

Foundation Details Slab

Number of Buildings 2

Spa N

Building Area Total 13908.0

Lot Dimensions Irregular -Ask for Survey

Lot Size Acres 0.97

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 8446

* Excluded Features

List By

City2shore Gateway Group

Broker

amandavolkers@city2shore.com

Affordability Calculator

$18,056

Per Month

Monthly Principal & Interest: $16,765
Monthly Property Taxes: $1,292
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Mears, MI

Average List Price ^$4,066,667

Percent of Sale Price 69%

About Mears, MI

1,598 Population

-6% Since 2002

^$43,087 Median Income

53.64 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

249759 Elementary School

248989 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
1/3/2024	$2,400,000	-7.66%	Price Down
8/14/2023	$2,599,000		Listed Price

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8446 Parcel B of W Hazel Road, Mears, MI, 49436 is a Commercial Property for sale at $2,400,000 with a lot size of 0.97. 8446 Parcel B of W Hazel Road is a studio with 34.0 baths and was built in 1970. The property's zip code is 49436 which is in Mears, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 4/27/2024.

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8446 Parcel B of W Hazel Road

Commercial Property for sale in Mears, MI

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