About This Home

This 0-bedroom, 17-bathroom commercial at 1159 S Shore Drive in Holland, MI is listed for $1,999,999 ($333 per sqft). Built in 1950, the home offers 6,000 sqft of living space on a 0.80 acres lot.

Key Features

  • Built in 1950
  • 0.80 acre lot
  • 17 parking spaces
  • Waterfront

Property Details

17 full
17 spaces
1950

Amenities

WaterfrontA/C
Listing 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!

Monthly Cost Estimate

$10,696/mo

20% down · 6.5% · 30 years

Principal$1,446
Interest$8,667
Insurance$583

Estimates only. Actual payments may vary.

Location

1159 S Shore Drive

Holland, MI 49423

Property Details

Construction

Wood Siding Brick Stone

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 17-bathroom commercial at 1159 S Shore Drive is listed at $1,999,999 ($333/sqft). The estimated monthly payment is $10,696 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.80 acre lot, 17 parking spaces, Waterfront.

This property is listed by Tammy L Kerr and can be reached at 6162180873.

TK

Tammy L Kerr

Agent at BHG Connections

(616) 218-0873

Listed by BHG Connections

MLS# 26024468· Source: listhub· 44 days on market

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1159 S Shore Drive, Holland, MI 49423

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