Skip To Content

241 Oak Street

South Haven, MI 49090
  • $2,750,000
  • STATUS: Active
  • ON SITE: 143 Days
  • ID#: 20221015729
UPDATED: 55 min ago
$2,750,000
  • 0
    BEDS
  • 2.66
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,978
    SQFT
  • $345
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1927
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
419X329x288x353

School Ratings & Info

School District:

Description

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.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp II Ltd.. © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-11-28T21:57:57.93.
www.nexushomesearch.com/homes/130678039
Print Image

241 Oak Street South Haven, MI 49090

  • Price: $2,750,000
  • Status: Active
  • On Site: 143 Days
  • Updated: 55 min ago
  • ID#: 20221015729
0
Beds
0
Baths
0
½ Baths
2.66
Acres
7,978
SQFT
$345
$/SQFT
1927
Built
Neighborhood:
Napiers Amended Add
County:
Van Buren
Area:
South Haven
School District:
SOUTH HAVEN
Property Description
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.
Exterior Features

Architecture Level 2 Story Construction Materials AluminumBrickOtherShingle Siding Foundation Details Basement Foundation Materials Poured Lot Size Dimensions 419X329x288x353 Road Frontage Feet 419 Road Frontage Type Paved Waterfront YN No

Interior Features

Building Area Source Estimated Heating Cooling Forced AirRadiant Heating Fuel Geo-ThermalNatural Gas Sq Ft Main 7978 Sq Ft Office 200 Unit One Bed Number Of 11 Unit Three Bed Number Of 2 Unit Two Bed Number Of 4

Property Features

Assessment 0.00 Commercial Type Business And Real Estate Current Use Bed And Breakfast Existing Lease YN No Gross Scheduled Income 490000.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventionalTrade/Exchange Monthly Sales 41000 Net Operating Income 303000.00 Operating Expense 187000.00 Ownership Status Short Sale - NoPrivate Owned Possession At Close Postal City South Haven Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 12587.0000 Tax Amount Winter 10000.0000 Title Standard (Private) Total Tax 22587.0000 Unparsed Address 241 Oak Street Water Source Public (Municipal) Year Remodeled 2022 Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Sohi Realty Llc: (248) 931-7694 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp II Ltd.. © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-11-28T21:57:57.93.
 
https://bt-photos.global.ssl.fastly.net/michigan/orig_boomver_1_548171005-2.jpg https://bt-photos.global.ssl.fastly.net/michigan/orig_boomver_1_548171005-2.jpg https://bt-photos.global.ssl.fastly.net/michigan/orig_boomver_1_548171005-2.jpg
Logo
RE/MAX Nexus
255 E. Brown St - Suite 205
Birmingham MI, 48009