St. Johns, Saint Johns, MI 48879
COMMERCIAL - St. Johns, MI
- Added:
- Jun 30, 2025
- Days on Market:
- 345
- Last Refresh:
- Jun 9 at 7:06 pm
Property Features for St. Johns
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 10
- Rooms
- Bathroom 10, Bathroom 7, Bathroom 6, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 9, Bathroom 8, Bathroom 5
- 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 agent Jason Sousa (248) 821-4889
Listing office eXp Realty, LLC 39555 Orchard Hill Place #600, Novi, MI (888) 501-7085
Listing date Jun 30, 2025
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.
HighLights
- Fully restored 9,000 sq. ft. historic mansion built in 1865
- Bed and breakfast operates with 7 themed suites, each with a private bathroom
- Business includes an innkeeper’s suite plus a carriage house
- Recent major upgrades include HVAC and hot water systems
- Forced‑air heating; cable/broadband available
- Full‑time innkeeper in place for semi‑absentee ownership or scaling operations
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Johns
- County
- Clinton
- State
- Michigan
- Longitude
- -84.5801
- Latitude
- 42.9994
