506 S Oakland St - Hospitality FOR SALE


Saint Johns, MI 48879
$945,000 USD
248-821-4889
506 S Oakland St, Saint Johns, MI for Sale
$945,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

506 S Oakland St
Saint Johns, MI 48879


HIGHLIGHTS

  • Strong brand reputation
  • Limited competition
  • High occupancy and guest loyalty
  • Flexible ownership model - innkeeper in place

OVERVIEW

Established Bed & Breakfast Business with 9,000 SF Historic Mansion | Business & Real Estate Included This is a rare opportunity to acquire a thriving bed and breakfast business housed in a fully restored 9,000 sq. ft. historic mansion in mid-Michigan. Since launching in 2018, the inn has built a strong brand centered on upscale lodging, curated experiences, and personalized guest service. The property features seven uniquely themed suites with private bathrooms and luxury amenities, 1,700 sf inn keeper's suite, carriage house, inviting common areas, and multiple revenue streams—including events, retreats, and package enhancements. The business has shown impressive growth, tripling revenue since 2020 and projecting over $300,000 in revenue by 2026. A full-time innkeeper is in place, making it ideal for a semi-absentee owner or someone looking to scale operations. The mansion itself has been meticulously maintained with recent major upgrades including HVAC, hot water systems, and continual capital improvements. Offered at $145,000 for the business and $800,000 for the real estate, this opportunity combines lifestyle, income potential, and long-term value.

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$105 USD /SF

# OF ROOMS

7

PRICE/ROOM

$135,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Nordic Pineapple

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1865

PARKING SPACES

3

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

R2

APN/PARCEL ID

300-000-072-001-00

ASK ABOUT THIS PROPERTY

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248-821-4889

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248-821-4889

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