Bellaire Bed and Breakfast


Bellaire, MI   Offered for sale at $1,550,000
 

Are you ready to assume the reins of an established, award-winning, premier bed & breakfast in charming Bellaire, named one of The Best Lakeside Towns in the US by Country Living Magazine? What an opportunity to share the best of northern Michigan w/guests, while enjoying a stunning & historic Victorian home. The Bellaire Bed & Breakfast is a finely tuned operation, w/established processes in place to enable you to hit the ground running, insuring a continuation of superior customer care the many returning guests have come to appreciate. This stunner, set atop a knoll amid towering trees, is within walking distance of town, where all can enjoy numerous dining & spirits establishments, a movie, or paddle along the Chain of Lakes Water Trail. Explore over 90 miles of shoreline through several of the most beautiful lakes & rivers in the state, or ride over 30 miles of trails at the Glacial Hills Pathway & Natural Area. The Inn can accommodate up to 18 guests, with a variety of suites tailored to the needs & budgets of your guests. Guest rooms have dedicated baths & are meticulously appointed. The main house is the hub, where guests check in, breakfast is prepared & served, & guests can relax on the covered porch, in the library by the fire, or with a game of chess in the parlor. Five guest rooms are upstairs, & an innkeeper quarters & laundry, are on the main level. A sprawling porch leads to the carriage house, a 2004 addition. Four additional luxury suites are upstairs, each w/gas fireplaces, & premium baths. Guests can socialize in the main floor living room. The innkeeper's apartment completes the main floor, & includes a large living room, custom designed kitchen, barrier free bath, & large bedroom w/walk-in closet. A 2-car garage, basements in both buildings, & 30'X40' pole building provide plenty of storage. The grounds are exceptionally landscaped, w/gardens, walkways & lawns. The Inn is offered completely turn-key. Come enjoy & share the best of Up North life! There are goats and chickens on the property that are a large draw. They *could* convey with the right buyers as they are pets as well.



Property Details
  • 9 Guest Rooms
  • 9 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1878
  • Last Renovated in 2021
  • Opened in 1994
  • Building is 6,500 SQFT
  • Lot is 2.5 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,550,000
  • Occupancy Rate: 80
  • Average Daily Rate: 200.00
  • Annual revenue is $245,000
  • Terms: Revenue has increased 42% year over year. NOI even during Covid year was 150000. NOI for 2021 will be $180000. Very good cap rate. Rates haven't been maxed out. There is a lot of room for yield manag
  • Prequalify for Financing
Contact Information