340 M-40 Allegan, MI 49010
- Hospitality properties
- 9,500 SF
- 65.00 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 340 M-40
- Lot size
- 65.00 lot acres
- Property size
- 9,500 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional hospitality property, situated on 65 private acres with lakefront access in Allegan County, Michigan, presents a unique investment opportunity. The property comprises four buildings totaling 9,500 square feet, including a lovingly restored Victorian mansion (built in 1906, renovated in 2012) and additions built in 1985. The Inn boasts 10 luxurious guest rooms/suites, each featuring amenities such as WiFi, jetted tubs, fireplaces, and private baths. Guests enjoy access to kayaks, paddle boats, walking trails, screened gazebos, porches, and an on-site spa. The property also includes substantial event space and underutilized studio/living areas with potential for increased revenue generation. The commercial zoning allows for future expansion and development. Conveniently located between Chicago and Detroit (approximately 2.5 hours from each), and less than an hour from Grand Rapids, the Inn benefits from proximity to popular tourist destinations such as Holland, Douglas, Saugatuck, and South Haven. The property has demonstrated consistent profitability and strong margins, with opportunities for growth in both lodging and ancillary revenue streams. The asking price is $2,995,000. The property is zoned for commercial use.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Allegan
- County
- Allegan
- State
- Michigan
- Longitude
- -85.8671
- Latitude
- 42.4448
