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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1159 S Shore Dr , Holland, MI 49423
$1,850,000
Est. Payment: $4,111.11/mo
0 Bed
17 Bath
6000 Sqft
Status: Active Contingent | Days on site: 63
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hh11974 - hl11955
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House 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!

Highlights

Listed by Tammy L Kerr , 616-218-0873 BHG Connections , 269-400-5400.

Property Type

Commercial Sale

Lot/Acreage
0.8

Year Built

1950

County

Ottawa

School District

Holland

Listing ID

26024468

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:17
  • Full Bathrooms:17
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:Lake
Garage Capacity:17
Roof:Composition
Principal Interest
$4,111
Taxes
$1,180

Home Price

$1,850,000

Loan Details

30 yrs
%

Down Payment

20%
$370,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,111.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,111.11 $1,179.83 $0.00 $5,290.94
Yearly $49,333.33 $14,158.00 $0.00 $63,491.33
Total $1,480,000.00 $424,740.00 $0.00 $1,904,740.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Holland, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.