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Silver Sands Motel and RV Park 35541 M107 18 Room Hotel Ontonagon, MI 49953 $4,048,168 CAD ($224,898 CAD/Room)
INVESTMENT HIGHLIGHTS
- Brand New Convenience Store/Gas Station/Off sale Liquor store is being conpleted in fall of 2025
- 14 Pull Thru RV sites now completed with room for another 20 with Water and Electric
- New Group Pravillion to be completed in fall of 2025 with RV shower building
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$3,972,788
|
$584.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$34,898
|
$5.13
|
| Effective Gross Income |
$3,937,890
|
$579.10
|
| Taxes |
$10,469
|
$1.54
|
| Operating Expenses |
$3,203,636
|
$471.12
|
| Total Expenses |
$3,214,106
|
$472.66
|
| Net Operating Income |
$723,785
|
$106.44
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $3,972,788 |
| Annual Per SF | $584.23 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $34,898 |
| Annual Per SF | $5.13 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $3,937,890 |
| Annual Per SF | $579.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,469 |
| Annual Per SF | $1.54 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,203,636 |
| Annual Per SF | $471.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,214,106 |
| Annual Per SF | $472.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $723,785 |
| Annual Per SF | $106.44 |
PROPERTY FACTS
| Price | $4,048,168 CAD | Lot Size | 10.00 AC |
| Price Per Room | $224,898 CAD | Building Size | 11,000 SF |
| Sale Type | Investment or Owner User | No. Rooms | 18 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2021 |
| Property Subtype | Hotel | Parking Ratio | 3.38/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | commercial - Business is licensed as a Motel/RV Park/Convenience store /Off-sale Liquor Store Business includes a remodeled 3 br home on site Includes a new 2025 | ||
| Price | $4,048,168 CAD |
| Price Per Room | $224,898 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 11,000 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2021 |
| Parking Ratio | 3.38/1,000 SF |
| Corridor | Exterior |
| Zoning | commercial - Business is licensed as a Motel/RV Park/Convenience store /Off-sale Liquor Store Business includes a remodeled 3 br home on site Includes a new 2025 |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 35541 M107 , ONTONAGON, MI 49953
Profile: Silver Sands Hotel & RV Park — Ontonagon, MI Overview Silver Sands Hotel & RV Park is a family-run, smoke-free lodging nestled along Lake Superior at 35541 State Highway M107, Ontonagon, MI 49953 silversandshotelrvpark.com +1 . Open around the clock, it offers both cozy hotel rooms and RV sites in a tranquil Upper Peninsula setting silversandshotelrvpark.com New 92025 convenience store /liquor store that is near completion with all new pumps,above-ground fuel storage. Seller will escrow $550k to complete the project Lobby Perks: A welcoming fireplace and daily continental breakfast add to the warmth hotels expedia . Location & Activities Scenic Access: The property sits directly across from Lake Superior, just a short walk from Porcupine Mountains Wilderness State Park hotels expedia . Outdoor Experiences: Ideal for hikers, skiers, snowmobilers, and nature lovers—offering lakefront views, beach access, and proximity to trails and ski areas silversandshotelrvpark.com hotels expedia . Local Attractions: Nearby highlights include the stunning vistas of Porcupine Mountains, the Ontonagon Lighthouse, historic downtown, and local eateries silversandshotelrvpark.com expedia . Guest Feedback Positive Reviews: Many guests praise the clean, spacious rooms, friendly staff, and unbeatable natural setting. One shared: “Great location, clean and spacious room, super friendly owner!” silversandshotelrvpark.com . Mixed Feedback: Some visitors noted that while the location is excellent, certain rooms felt dated or needed maintenance—mentions of musty smells, hard mattresses, limited breakfast options, and minimal staffing surfaced in reviews hotels expedia . Unique Charm: The overall consensus is that Silver Sands offers an authentic, rustic U.P. experience—perfect for budget-conscious travelers and outdoor enthusiasts seeking a relaxed, nature-focused getaway RV LIFE Campgrounds Tripadvisor . Silver Sands Hotel & RV Park stands out for its prime lakeside location, homely regional charm, and great access to outdoor adventures. While modernization issues exist, the value and atmosphere make it an appealing option—especially for those drawn to natural beauty and simplicity.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 18 | $113.07 CAD | - |
PROPERTY TAXES
| Parcel Number | 03-115-003-00 | Total Assessment | $203,223 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $10,469 CAD ($0.95 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
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Silver Sands Motel and RV Park | 35541 M107
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