For Sale
$2,995,000
340 M-40 Allegan, MI 49010
Luxury Hotel, Lakefront Retreat
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 131
Highlights
- Exceptional hospitality property on 65 private acres with lakefront access in Allegan County, MI.
- Four buildings totaling 9,500 square feet, including a restored Victorian mansion (1906, renovated 2012) and 1985 additions.
- 10 luxurious guest rooms/suites with amenities such as WiFi, jetted tubs, fireplaces, and private baths.
- Features substantial event space, on-site spa, kayaks, paddle boats, walking trails, and gazebos; potential for increased revenue from underutilized areas.
- Commercial zoning allows for future expansion; strong location between Chicago and Detroit (2.5 hours from each), and under an hour from Grand Rapids, near popular tourist destinations. Asking price: $2,995,000. 10.4% Cap Rate.
Property Details for 340 M-40
- Property type
- Hospitality properties, Hotels
- Square Feet
- 9,500 SF
- Year Renovated
- 2012
- Buildings
- 4
- Stories
- 3
- Lot Size (sq. ft)
- 2,831,400 SF
Location Insight
- City
- Allegan
- County
- Allegan
- State
- Michigan
- Latitude
- 42.4448164
- Longitude
- -85.8671347
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - Luxury Hotel, Lakefront Retreat
- Where is the hospitality property located?
- The property is located at 340 M-40 Allegan, MI.
- What is the asking price?
- The asking price for this property is $2,995,000.
- What are key features of this property?
- This property features: Exceptional hospitality property on 65 private acres with lakefront access in Allegan County, MI.; Four buildings totaling 9,500 square feet, including a restored Victorian mansion (1906, renovated 2012) and 1985 additions.; 10 luxurious guest rooms/suites with amenities such as WiFi, jetted tubs, fireplaces, and private baths.
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