Lakefront Resort with
For Sale
$1,399,900
8949 Lakeshore Rd, Lexington, MI 48450
COM/IND/BUS OPP, Lexington, MI
Property Size9,290 SF
Lot Size1.30 Acres
Price / SF$150.69
Days on Market97
Property Features for 8949 Lakeshore Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking features
Parking Lot
Patio and Porch features
Patio
Exterior features
Deck/Patio, Fenced Yard
Fencing
Fenced
Lot features
Main Street
Subdivision
Worth Twp (76026)
Standard status
Active
APN
261-031-100-100-00
Size
9,290 SF
Lot size
1.30 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
8892
Utilities
Heating system
Zoned, Heat Pump (Heating), Forced Air
Cooling system
Zoned, Central Air, Heat Pump, Ceiling Fan(s), Attic Fan
Water source
Public, Private
Water front
1
Amenities
gameroom
yum-yum shop
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: Oct 29
Last Checked: Oct 29 at 4:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This seasonal resort occupies 1.3 acres along Lake Huron, with 100 feet of lakefront and a sandy beach providing direct water access. The hospitality operation includes 11 cottages, a game room, and a yum-yum shop, along with a park-like outdoor setting.
A beautifully updated residential home of more than 2,400 square feet is included, together with a three-car garage. The property also features a parking lot, patio, deck, fenced yard, public and private water sources, and a shingle roof. Family ownership and operation has continued for 47 years.
A beautifully updated residential home of more than 2,400 square feet is included, together with a three-car garage. The property also features a parking lot, patio, deck, fenced yard, public and private water sources, and a shingle roof. Family ownership and operation has continued for 47 years.
Key Highlights
- Lake Huron resort with 100' of lakefront and sandy beach access
- 11 seasonal cottages included in the hospitality operation
- Updated residential home exceeding 2400 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,643
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,860
$992.9K
Cap Rate 7%
$709,186
$709.2K
Cap Rate 9%
$551,589
$551.6K
Market Conditions
NOI Build-Up for 9,290 SF
Gross rent
$139.4K $15.00/SF
− Vacancy
−$34.8K −$3.75/SF
EGI
$104.5K $11.25/SF
− OpEx
−$54.9K −$5.91/SF
NOI
$49.6K $5.34/SF
Area
Sanilac County, MI
Vacancy
25.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,860
Cap Rate 7%
$709,186
Cap Rate 9%
$551,589
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 48450, MI
4,199
Population
4,113
Households
1
Avg Household Size
55
Median Age
23%
College-Educated
95%
High-School Grad
21.9 sq mi
ZIP Area
192
Density / Sq Mi
$58,297
Median Household Income
$33,892
Median Earnings
$855
Median Rent
$200,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Resort - Seasonal hospitality property with cottages, recreational space, and an updated residential component.
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: Lake Huron resort with 100' of lakefront and sandy beach access; 11 seasonal cottages included in the hospitality operation; Updated residential home exceeding 2400 sq. ft.
