Historic Motel Monthly Rental
For Sale
$1,850,000
Pending
1159 S Shore Drive Holland, Holland, MI 49423
Historic motel with 14 fully operational monthly rentals, including a garage apartment and private residence near Lake Macatawa.
Property Size6,000 SF
Days on Market38
Property Features for 1159 S Shore Drive Holland
General Information
Standard status
Pending
Size
6,000 SF
Total Parking Spaces
17
Zoning
NMU
Net Operating Income
$65,688
Additional Details
Business Included
Yes
Multifamily Units
27
Taxes and HOA fees
Annual Taxes
$14,158
Amenities
Yes
17
5000
No
True
Real Estate
0.8
17.0
100 x 350
Paved
6000.0
3
Building Details
Building Size
6,000 SF
Year Built
1950
Buildings
3
Listing Agency:
(269) 399-5881
Listed By:
Elicia Essenburg
(269) 399-5881
Source:
Remax-executive
Added: Jul 15
Changed: Aug 14
Last Checked: Aug 14 at 7:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elicia Essenburg
Investment Insights
Based on property information with market context.
This historic motel includes 14 fully operational monthly rentals, comprised of 13 units in the original motel structure plus a separate garage apartment and a private residence. The property is described as having three access points to the beach area.
The location is noted as across the street from Central Market grocery store and steps from the lakefront at Lake Macatawa. Public remarks also reference zoning considerations, including NMU zoning regulations allowing for 1 short-term rental, and a back portion zoned CNR Cottage neighborhood residential.
As described, the configuration and zoning may support additional development options for the rear area depending on how improvements are handled, including remarks about potential home construction if the garage is removed.
The location is noted as across the street from Central Market grocery store and steps from the lakefront at Lake Macatawa. Public remarks also reference zoning considerations, including NMU zoning regulations allowing for 1 short-term rental, and a back portion zoned CNR Cottage neighborhood residential.
As described, the configuration and zoning may support additional development options for the rear area depending on how improvements are handled, including remarks about potential home construction if the garage is removed.
Key Highlights
- Historic motel built in 1950 with 14 fully operational monthly rentals, including a garage apartment and private residence
- 3‑building property totaling 6,000 SF on a 0.8‑acre lot (100 x 350) with paved road surface
- Total parking for 17 vehicles and 17 total baths across the property
Property Analytics
Property Profile
Current Use
Lease Details
27
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49423, MI
46,870
Population
19,019
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
77.9 sq mi
ZIP Area
602
Density / Sq Mi
$78,524
Median Household Income
$36,643
Median Earnings
$1,143
Median Rent
$254,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - Historic motel with 14 fully operational monthly rentals, including a garage apartment and private residence near Lake Macatawa.
Where is this motel located?
The property is located at 1159 S Shore Drive Holland Holland, MI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Historic motel built in 1950 with 14 fully operational monthly rentals, including a garage apartment and private residence; 3‑building property totaling 6,000 SF on a 0.8‑acre lot (100 x 350) with paved road surface; Total parking for 17 vehicles and 17 total baths across the property
