Lakefront Seasonal Resort with
8949 Lakeshore Rd Lexington, MI 48450
New
For Sale
$1,399,900
COMMERCIAL - Lexington, MI
Property Size9,290 SF
Lot Size1.30 Acres
Price / SF$150.69
Days on Market6
Property Features for 8949 Lakeshore Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Parking Lot
Patio and Porch features
Patio
Exterior features
Deck/Patio, Fenced Yard
Fencing
Fenced
Standard status
Active
APN
261-031-100-100-00
Size
9,290 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Annual Amount
8892
Utilities
Heating system
Forced Air, Heat Pump (Heating), Zoned
Cooling system
Heat Pump, Ceiling Fan(s), Central Air, Attic Fan, Zoned
Water source
Private, Public
Water front
1
Building Details
Roof type
Shingle
Listing Agency:
Town & Country Realty-Lexington
(810) 359-5000
Listed By:
Kristin Gray
(810) 327-2300
Added: Jul 25
Changed: Jul 30
Last Checked: Jul 30 at 3:06AM
MLS# 50216208
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This lakefront seasonal resort is set up to support guest stays and on-site recreation, with 11 cottages, a gameroom, and a “yum-yum” shop. The property also includes a beautifully updated residential home with a 3-car garage, providing additional living or operational flexibility.
Situated on 100 feet of lake frontage on Lake Huron, the resort features a sandy beach with easy access and a park-like setting. The offering is located at 8949 Lakeshore Rd in Lexington, Michigan, in Sanilac County.
The current operation has been family owned and operated for 47 years, and the seller is planning retirement.
Situated on 100 feet of lake frontage on Lake Huron, the resort features a sandy beach with easy access and a park-like setting. The offering is located at 8949 Lakeshore Rd in Lexington, Michigan, in Sanilac County.
The current operation has been family owned and operated for 47 years, and the seller is planning retirement.
Key Highlights
- Lakefront seasonal resort on Lake Huron with 100' of waterfront
- Includes a sandy beach with easy access plus 11 cottages
- On‑site amenities include a gameroom and a yum‑yum shop
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.4k | $15.00 |
| − Vacancy | −$34.8k | −$3.75 |
| EGI | $104.5k | $11.25 |
| − OpEx | −$54.9k | −$5.91 |
| NOI | $49.6k | $5.34 |
9,290 SF · lease $15.00/SF/yr · vacancy 25.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$709.2K
$620.5K – $827.4K
NOI $49,643 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,110 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Resort - Seasonal lakefront resort on Lake Huron with 11 cottages, sandy beach access, and an updated residential home.
Where is this resort located?
The property is located at 8949 Lakeshore Rd Lexington, MI.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Lakefront seasonal resort on Lake Huron with 100' of waterfront; Includes a sandy beach with easy access plus 11 cottages; On‑site amenities include a gameroom and a yum‑yum shop
