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9-Unit Motel with Ice Cream Shop
New
For Sale
$895,000

1882 N Lakeshore Dr, Ludington, MI 49431

Updated guest rooms offer kitchenettes, private patios, and air conditioning for year-round lodging operations.

Property Size3,480 SF
Days on Market4

Property Features for 1882 N Lakeshore Dr

General Information

Standard status Active
Size 3,480 SF
Property subtype Commercial
Zoning 201

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $4,320

Building Details

Building Size 3,480 SF
Year Built 2005
Buildings 2
Stories 2
Units 11
Listing Agency: Greenridge Realty S Rath
Listed By: Debby Stevenson · License #6502347161
Source: Buyatthelake
Added: Aug 6 Changed: Aug 7 Last Checked: Aug 9 at 1:40PM

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 Greenridge Realty S Rath

Investment Insights

Based on property information with market context.

Built in 2005, the motel includes nine updated units with kitchenettes, patios, and air conditioning. Several rooms connect to accommodate larger parties, while parking areas include both paved and grassy spaces for trailers, boats, and RVs. Units are offered on daily, weekly, and monthly terms, with a few long-term leases in place.

The property also includes a seasonal ice cream shop and luncheonette serving soft-serve ice cream, hand-dipped flavors, desserts, and sandwiches. A living area above the shop provides additional space and is identified as an income-producing component. The property is located at 1882 N Lakeshore Dr in Ludington, three miles from downtown and near Ludington State Park, Hamlin Lake, Stearns Park Beach, and Cartier Park Campground. Zoning is 201.

Key Highlights

  • Nine updated motel units with kitchenettes, patios, and air conditioning
  • Daily, weekly, monthly, and select long‑term rental arrangements
  • Paved and grassy parking for trailers, boats, and RVs

Property Analytics

Current Use

BR scoops Grocery & Convenience Store

Suggested Use

Top Pick Restaurant Plumbing Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Law Firm Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49431, MI

17,044
Population
9,959
Households
1.7
Avg Household Size
48
Median Age
29%
College-Educated
94%
High-School Grad
96.1 sq mi
ZIP Area
177
Density / Sq Mi
$63,313
Median Household Income
$36,924
Median Earnings
$850
Median Rent
$218,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Lakewood Motel 1934 N Lakeshore Dr #9383, Ludington, MI 49431

Frequently Asked Questions

What type of property is this?
Motel - Updated guest rooms offer kitchenettes, private patios, and air conditioning for year-round lodging operations.
Where is this motel located?
The property is located at 1882 N Lakeshore Dr Ludington, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Nine updated motel units with kitchenettes, patios, and air conditioning; Daily, weekly, monthly, and select long‑term rental arrangements; Paved and grassy parking for trailers, boats, and RVs
More about this property
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