612 N Lakeshore Dr - Hospitality FOR SALE


Ludington, MI 49431
$4,900,000 USD
248-834-3030
612 N Lakeshore Dr, Ludington, MI for Sale
$4,900,000 USD
Hospitality - FOR SALE
1/96
null | Request Cap Rate

612 N Lakeshore Dr
Ludington, MI 49431


HIGHLIGHTS

  • Year round motel with strong rental history just steps from Lake Michigan.
  • Amazing 3 bed and 3.5 bath owner's residence with opportunity for rental income.
  • Outdoor amenities include a heated saltwater outdoor pool, picnic and grilling areas, bike rentals, a fitness center, and a playground area.

OVERVIEW

Incredible investment opportunity just steps from Lake Michigan! Nader’s Motel & Suites is a well-established hospitality property in the heart of Ludington, offering 39 beautifully maintained rooms in a variety of styles—including 16 spacious suites, with eight featuring convenient kitchenettes for extended stays. Set on over 2.5 acres of landscaped grounds, the property boasts a heated saltwater outdoor pool, picnic and grilling areas, bike rentals, a fitness center, and a playground area that keeps guests coming back year after year. The charming main house is a standout feature, thoughtfully updated with three bedrooms, 3.5 bathrooms, a luxurious steam shower room, a home theater, and modern finishes throughout—perfect as an owner's residence or an additional income-generating rental. With a prime location along desirable Lakeshore Drive, guests enjoy quick access to the beach, downtown Ludington, the marina, and Ludington State Park. This turnkey business offers strong rental history, excellent amenities, and room to grow. Welcome Home!

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$209 USD /SF

# OF ROOMS

39

PRICE/ROOM

$125,641 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nader's Motel & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1890

PARKING SPACES

56

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

MU

APN/PARCEL ID

051-170-004-10

ASK ABOUT THIS PROPERTY

Jim ShafferJim Shaffer & AssociatesMore Info
248-834-3030

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

Jim ShafferJim Shaffer & AssociatesMore Info
248-834-3030

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