29291 Amerihost Dr - Hospitality FOR SALE


Dowagiac, MI 49047
$1,850,000 USD
260-615-9248
29291 Amerihost Dr, Dowagiac, MI for Sale
$1,850,000 USD
Hospitality - FOR SALE
1/42
null | Request Cap Rate

29291 Amerihost Dr
Dowagiac, MI 49047


HIGHLIGHTS

  • Value Add Opportunity - Strong Upside Potential
  • Additional 1.82 Acres of Vacant Land
  • Exclusive Pool Amenity
  • Strategic Location Near I-94
  • High Exposure - 18,000 Vehicles Per Day

OVERVIEW

29291 Amerihost Dr in Dowagiac, MI, offers a compelling value-add hospitality investment in Southwest Michigan. Built in 2001, this 64-room hotel features an indoor pool, fitness center, conference room, and spacious lobby on 2.43 acres, with an additional adjoining vacant lot included in the sale. The property has undergone meaningful capital improvements, including a new roof installed in 2024, new LED lighting throughout, fully upgraded fire safety systems with sprinklers and fire panel brought to current code, and ongoing FF&E upgrades, infrastructure improvements, and systems modernization. Fifteen guest rooms and the lobby have been renovated, providing a strong foundation for continued repositioning, while the remaining rooms and common areas offer a clear path for additional renovations and operational upside. The property is well-suited for brand conversion opportunities, aligning with franchise standards to drive ADR and occupancy growth. Strategically located in Dowagiac, the hotel benefits from steady demand driven by local employers, educational institutions, and regional tourism while providing easy access to Southwest Michigan’s recreational amenities. With its strong bones, recent system upgrades, and additional land for potential future use or expansion, 29291 Amerihost Dr presents an excellent opportunity for owner-operators or investors seeking to reposition a well-located hospitality asset within an undersupplied market.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$51 USD /SF

# OF ROOMS

64

PRICE/ROOM

$28,906 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LakeWood Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2001

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

CM

APN/PARCEL ID

14-160-110-042-70,14-160-110-042-75,14-160-110-042-80,14-160-110-042-85

ASK ABOUT THIS PROPERTY

Lane MoserEllsbury Commercial GroupMore Info
260-615-9248

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Lane MoserEllsbury Commercial GroupMore Info
260-615-9248

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