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Property profile & analytics
OFF-MARKET
Hospitality properties

340 M-40 Allegan, MI 49010

9,500 SF 65 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hospitality properties
Total area 9,500 SF
Lot 65 ac (2,831,400 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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