InnShopper > Inns for Sale > Michigan > Fennville > The Heritage Manor Inn- SOLD!

The Heritage Manor Inn- SOLD!


Fennville, MI   Offered for sale at $599,000
 

MAJOR PRICE REDUCTION! HERITAGE MANOR INN - Is located just one mile inland from Lake Michigan’s sandy beaches and five miles south of Saugatuck (the B&B Capital of the Midwest). In addition to Saugatuck’s quaint shops and sandy beaches, there are boat excursions, charter fishing, and canoeing. Horseback riding, dune buggy rides, excellent golf courses, cross-country skiing, and many fine restaurants are all close at hand.

The 17 room Heritage Manor Inn B&B was built in 1981 by the prior owners. This spacious 8,500+ sq. ft. Tudor style inn includes 5 Charming rooms, 7 in-room hot tub/fireplace suites, one King Suite with a fireplace, two 2-bedroom Family Suites, one Suite with a living room and mini-kitchenette, and a townhouse with two bedrooms and fireplace between the living room and kitchen. All guestrooms have a private bath, cable TV and central AC. Room rental rates range from $90 to $275.

The 2 acre site includes a 1,000’+ carriage house, a laundry/linen room, play area, sand volleyball court, and a 1,000’+ attached building which houses an indoor heated pool, wading pool and a ½ bath.

The size, the extensive amenities and the commercial zoning of The Heritage Manor Inn allows a variety of marketing options which include families, romantic getaways, family reunions, and religious and business retreats. The current owners have used some of the guestrooms as living space for family members including a fireplace suite, a 2-bedroom Townhouse with sunken Jacuzzi and marble fireplace, and a 2 room (living room/kitchen suite). Additional revenue from some of these rooms, plus a more aggressive marketing effort could provide a lot of upward potential revenue growth for the new owners.

Ross and Diane Hunter, owners of The Heritage Manor Inn for the past 11+ years, are eager to get on with the next chapter in their life and they are seeking new stewards for their country style inn. Its proximity to Chicago and Detroit (less than three hours from each) provides a year-round draw for this wonderful inn. With at least $150K down, the current owners are offering qualified buyers a $100K, 4%, interest-only second mortgage, with a 5 year balloon. The $599K list price includes a TURNKEY B&B business and most of the country and antique furnishings!



Property Details
Financial Details
  • Offered for sale at $599,000
  • Terms: With at least $150K down, the current owners are offering qualified buyers a $100K, 4%, interest-only second mortgage, with a 5 year balloon.
  • Prequalify for Inn Financing on this property
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