Historic Bed & Breakfast
St. Johns Saint Johns, MI 48879
For Sale
$945,000
COMMERCIAL - St. Johns, MI
Property Size9,000 SF
Lot Size1.03 Acres
Price / SF$105
Days on Market390
Property Features for St. Johns
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 10
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 9, Bathroom 10, Bathroom 3, Bathroom 8
- Interior features
- Broadband
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 1.03 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- T7N R2W, CITY OF ST JOHNS, ORI GINAL PLAT BLK 72, BEG AT A P OINT 90 FT N OF SE COR OF BLK 72, RUN W 165 FT N 10 FT
- Tax Annual Amount
- 13365
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 1865
- Floors in Building
- 3
- Number of units
- 2
Listing Agency:
eXp Realty, LLC
(888) 501-7085
Listed By:
Jason Sousa
(248) 821-4889
Added: Jun 30, 2025
Changed: Jul 23
Last Checked: Jul 24 at 9:06PM
MLS# 25031690
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully restored historic mansion operates as a bed and breakfast offering upscale lodging and personalized guest service. The property features seven uniquely themed suites, each with a private bathroom, plus an innkeeper’s suite and a carriage house. The current operation is supported by a full-time innkeeper, making it suitable for a semi-absentee owner or an operator looking to scale.
Since launching in 2018, the business has built a strong brand and has added multiple revenue streams, including events, retreats, and package enhancements. Reported results include tripling revenue since 2020 and projecting over $300,000 in revenue by 2026.
Recent major upgrades include HVAC and hot water systems, helping support day-to-day operations in the 9,000-square-foot historic setting.
Since launching in 2018, the business has built a strong brand and has added multiple revenue streams, including events, retreats, and package enhancements. Reported results include tripling revenue since 2020 and projecting over $300,000 in revenue by 2026.
Recent major upgrades include HVAC and hot water systems, helping support day-to-day operations in the 9,000-square-foot historic setting.
Key Highlights
- 9,000 sq. ft. fully restored historic mansion built in 1865
- Bed and breakfast offers 7 uniquely themed suites, each with a private bathroom
- Business launched in 2018 and has shown growth, tripling revenue since 2020
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.0k | $15.00 |
| − Vacancy | −$20.3k | −$2.25 |
| EGI | $114.8k | $12.75 |
| − OpEx | −$60.2k | −$6.69 |
| NOI | $54.5k | $6.06 |
9,000 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$778.7K
$681.3K – $908.4K
NOI $54,506 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,233 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Bed & breakfast - Fully restored historic mansion with seven themed suites, private bathrooms, and an innkeeper suite.
Where is this bed & breakfast located?
The property is located at St. Johns Saint Johns, MI.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 9,000 sq. ft. fully restored historic mansion built in 1865; Bed and breakfast offers 7 uniquely themed suites, each with a private bathroom; Business launched in 2018 and has shown growth, tripling revenue since 2020
