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Silver Sands Motel and RV Park 35541 M107 18 Room Hotel Ontonagon, MI 49953 $2,900,000 ($161,111/Room)
Investment Highlights
- Brand New Convenience Store/Gas Station/Off sale Liquor store is being conpleted in fall of 2025
- 14 Pull Thru RV sites now completed with room for another 20 with Water and Electric
- New Group Pravillion to be completed in fall of 2025 with RV shower building
Executive Summary
Silver Sands Motel and RV Park offers an outstanding opportunity to acquire a multi-revenue hospitality property on Michigan’s Upper Peninsula. Located on a 10-acre parcel along Lake Superior, the property includes 18 motel rooms, a remodeled three-bedroom home, and a newly developed RV park with 14 pull-through sites and utilities, plus room for 20 more. A new convenience store, gas station, and liquor outlet are near completion, enhancing overall income potential. Its proximity to Porcupine Mountains Wilderness State Park and local attractions makes it a year-round destination for outdoor enthusiasts.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$2,846,000
|
$258.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$25,000
|
$2.27
|
| Effective Gross Income |
$2,821,000
|
$256.45
|
| Taxes |
$7,500
|
$0.68
|
| Operating Expenses |
$2,295,000
|
$208.64
|
| Total Expenses |
$2,302,500
|
$209.32
|
| Net Operating Income |
$518,500
|
$47.14
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $2,846,000 |
| Annual Per SF | $258.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $25,000 |
| Annual Per SF | $2.27 |
| Effective Gross Income | |
|---|---|
| Annual | $2,821,000 |
| Annual Per SF | $256.45 |
| Taxes | |
|---|---|
| Annual | $7,500 |
| Annual Per SF | $0.68 |
| Operating Expenses | |
|---|---|
| Annual | $2,295,000 |
| Annual Per SF | $208.64 |
| Total Expenses | |
|---|---|
| Annual | $2,302,500 |
| Annual Per SF | $209.32 |
| Net Operating Income | |
|---|---|
| Annual | $518,500 |
| Annual Per SF | $47.14 |
Property Facts
| Price | $2,900,000 | Lot Size | 10.00 AC |
| Price Per Room | $161,111 | Building Size | 11,000 SF |
| Sale Type | Investment or Owner User | No. Rooms | 18 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2021 |
| Property Subtype | Hotel | Parking Ratio | 3.38/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | commercial - Commercial | ||
| Price | $2,900,000 |
| Price Per Room | $161,111 |
| Sale Type | Investment or Owner User |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 11,000 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2021 |
| Parking Ratio | 3.38/1,000 SF |
| Corridor | Exterior |
| Zoning | commercial - Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
About 35541 M107 , ONTONAGON, MI 49953
The property spans approximately 11,000 square feet and has been renovated to combine contemporary amenities with a relaxed lakeside atmosphere. In addition to the motel and RV accommodations, guests benefit from free Wi-Fi, high-speed internet access, ample parking, and a smoke-free environment. Planned upgrades include a group pavilion and RV shower facilities to support growing visitor demand. Positioned along State Highway M107 for excellent visibility and accessibility, this property is well-suited for investors seeking stable income and expansion opportunities in a popular tourism region.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | $81.00 | - |
1 1
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 03-115-003-00 | Total Assessment | $144,710 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $7,500 ($0.68/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
03-115-003-00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$144,710 (2025)
Annual Taxes
$7,500 ($0.68/SF)
Tax Year
2026
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Silver Sands Motel and RV Park | 35541 M107
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