103 N Almer St - Hospitality FOR SALE


Caro, MI 48723
$1,280,000 USD
989-469-0300
103 N Almer St, Caro, MI for Sale
$1,280,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

103 N Almer St
Caro, MI 48723


HIGHLIGHTS

  • This listing includes 2 properties.
  • Both homes are fully furnished and this is a complete turn key business opportunity Buyer's Agent to verify all information.
  • The Himelhoch Bed & Breakfast is an opportunity like no other.

OVERVIEW

Welcome to The Himelhoch Bed & Breakfast, a fully furnished turnkey investment opportunity in the heart of downtown Caro, Michigan. This rare offering includes two restored Victorian properties, the operating business entity, furnishings, décor, linens, booking systems, and business assets, creating a seamless opportunity for a new owner to step into an established hospitality business. Together, The Himelhoch House (1883) and The Parsonage (1902) offer timeless character, modern comfort, and income potential. The main estate features a grand wraparound porch, formal dining room, parlor, game room, premium guest suites with private en-suite baths, and finished lower-level living space ideal for owner’s quarters, an on-site innkeeper, or future revenue expansion. The Parsonage offers additional guest rooms, each with private en-suite baths, along with a private corporate apartment suited for extended-stay income or management housing. The business generated over $200,000 in gross sales for 2025 at approximately 40% occupancy, with current revenue driven by standard bookings. Significant upside is available through expanded marketing, weddings, private events, mid-week packages, extended stays, and future room expansion opportunities. Both homes have been thoughtfully restored and updated while preserving their historic Victorian charm. Major improvements include new roofs, high-efficiency furnaces, water heaters, electrical, plumbing and key infrastructure updates designed to support a smooth transition for the next owner. Ample on-site parking, inviting outdoor spaces, a relaxing hot tub, and guest-friendly gathering areas add to the experience. Located just a short drive from Frankenmuth, Caseville, Bay City, Saginaw and other Mid-Michigan destinations, The Himelhoch Bed & Breakfast offers a unique blend of history, hospitality and investment potential. Complete financials, inventory lists, and private tours are available to qualified buyers upon NDA.

FOR SALE DETAILS

PRICE

$1,280,000 USD

PRICE/SF

$329 USD /SF

# OF ROOMS

6

PRICE/ROOM

$213,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Himelhoch Bed & Breakfast

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1883

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,795 SF

ZONING

RS-2

APN/PARCEL ID

050-500-109-0420-00

ASK ABOUT THIS PROPERTY

James BoyleEpique RealtyMore Info
989-469-0300

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James BoyleEpique RealtyMore Info
989-469-0300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.