1533 N Wilson Rd - Apartments FOR SALE


Mears, MI 49436
$1,975,000 USD
616-855-7662
1533 N Wilson Rd, Mears, MI for Sale
$1,975,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

1533 N Wilson Rd
Mears, MI 49436


OVERVIEW

Rare opportunity to acquire the historic Val-Du Lakes Resort in Mears, Michigan, just minutes from Silver Lake, Lake Michigan, and the iconic Silver Lake Sand Dunes. This one-of-a-kind multi-use hospitality and entertainment property combines a restaurant/bar operation, outdoor event grounds, concert venue infrastructure, and a historic lodging component in one destination property. The Val-Du Lakes Bar & Grill features approximately 4,412 SF with a full bar, dining areas, indoor stage, full kitchen, basement storage with walk-ins, and an upstairs loft with pool tables. The outdoor grounds are designed for events and live entertainment, including a 9,500 SF event deck, 4,800 SF open-air pole building with stage, 320 SF concession stand, high-capacity power distribution, and ample parking for large-scale gatherings. Included with the offering is The Manor at Val-Du Lakes, a beautifully restored historic country estate built in the late 1800s. The Manor offers approximately 2,864 SF with 8 bedrooms, 4 bathrooms, a full kitchen, formal dining room, spacious living areas, large deck, fire pit area, and lodging capacity for up to 20 guests. With multiple parcels totaling approximately 17.21 acres, existing hospitality infrastructure, event-ready grounds, and a long history as a lake shore entertainment destination, Val-Du Lakes presents a unique opportunity for an owner/operator, hospitality group, event venue operator, or investor seeking a landmark property in one of Michigan’s most popular seasonal tourism corridors.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$666 USD /SF

# OF UNITS

8

PRICE/UNIT

$246,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

commercial

APN/PARCEL ID

006-028-200-09

ASK ABOUT THIS PROPERTY

Doug ToddLacuna Commercial AdvisorsMore Info
616-855-7662

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Doug ToddLacuna Commercial AdvisorsMore Info
616-855-7662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.