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$2,750,000
241 Oak St, South Haven, MI 49090
0 Beds
0 Baths
7,978 SqFt

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The Victoria Resort Bed & Breakfast, positioned near Lake Michigan, offers 10 B&B rooms, 7 unique cottages, and Family & Master suites inside of the Resort House. #1 Five Star Property on both Google and Trip Advisor for five consecutive years in South Haven, while also being the only B&B open 12 months of the year. The Victoria Resort Bed & Breakfast has had tremendous growth in terms of performance metrics when analyzing data from 2019 to 2022. One would assume that Occupancy and RevPAR would have had a major impact from the COVID-19 Pandemic, but on the contrary this Property had little to no impact, showing relatively consistent Occupancy and ADR that aligned with prior year performance. Proving that this property is resilient in even the most unprecedented market conditions. As the B&B attracts a broadly diverse set of guests it has shown to outperform the submarket in metrics such as ADR and RevPAR.
  • Price:
  • $2,750,000
  • Square Footage:
  • 7,978
  • Acreage:
  • 2.66
  • Year Built:
  • 1927
  • Listing ID #:
  • 20221015729
  • Street Address:
  • 241 Oak St
  • City:
  • South Haven
  • State:
  • Michigan
  • Postal Code:
  • 49090
  • County:
  • Van Buren
  • Community:
  • South Haven
  • Subdivision:
  • Napiers Amended Add
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial
School District: South Haven
  • Foundation:
  • Basement
  • Foundation Material:
  • Poured
  • Main Level Square Footage:
  • 7978
  • Number Of 1 Bedroom Units:
  • 11
  • Number Of 2 Bedroom Units:
  • 4
  • Number Of 3 Bedroom Units:
  • 2
  • Office Square Footage:
  • 200
  • Siding:
  • Aluminum, Brick, Other, Shingle Siding
  • Stories:
  • 2 Story
  • Total Building Square Footage:
  • 7978
  • Year Built:
  • 1927
  • Year Renovated:
  • 2022
  • Operating Expense:
  • 187000.00
  • Conforms To Zoning:
  • Commercial
  • Existing Land Use:
  • Bed And Breakfast
  • Road Frontage:
  • 419
  • Road Frontage Type:
  • Paved
  • Days On Market:
  • 85
  • Financing Options:
  • Cash, Conventional, Trade/Exchange
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 12587.0000
  • Winter Tax:
  • 10000.0000
  • Existing Water:
  • Public (municipal)
  • Heating:
  • Forced Air, Radiant
  • Heating Fuel:
  • Geo-Thermal, Natural Gas
  • Sewage Type:
  • Public Sewer (sewer-Sanitary)
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • IDX provided courtesy of Realcomp II Ltd., via Hawkins Realty Group and Realcomp II Ltd, ©2022 Realcomp II Ltd. Shareholders FARMHILL

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