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, along with inviting common areas, a gourmet breakfast service, 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

$131 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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