Michigan Dunes Resort
Saugatuck, Michigan
Lakefront resort property on Lake Michigan with exceptional recreational appeal for Midwest destination market. The 64-site facility includes premium beachfront cabin rentals commanding high nightly rates during summer season. Water sports, dining, and activities generate significant ancillary revenue. Property benefits from strong tourism economy with international visitor base. Peak season (May-September) generates 88% occupancy while shoulder seasons maintain 58% occupancy. Recently completed cabin renovations and waterfront infrastructure improvements. Professional management team with hospitality background. Positioned for strong seasonal cash flow generation. Excellent for investor seeking quality Midwest lakefront investment.
Financial Highlights
| Asking Price | $3,100,000 |
| Annual Gross Revenue | $580,000 |
| Net Operating Income (NOI) | $232,000 |
| Cap Rate | 7.5% |
| Price per Site | $48,438 |
Property Highlights
- Lake Michigan beachfront
- Premium cabin positioning
- Water sports infrastructure
- Strong summer season demand
- Recent property upgrades
Property Details
Site Breakdown
- RV Sites
- 35
- Tent Sites
- 14
- Cabins
- 15
Infrastructure
- Year Built
- 2008
- Hookups
- full, partial, electric
Operations
- Management
- Managed
- Season
- Seasonal
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