Grand Victorian Bed & Breakfast Inn $825,000

This well established 6,600 sq-ft home is likely familiar to many B&B goers. Built in the early 1890s the home is one of the most photographed B&B's in the nation, having been pictured on millions of magazine covers, calendars, breakfast food ads, cereal and cracker boxes; The asking price is $825,000 and partial owner financing is available. $155 average room rate, occupancy of 70% in high season and 30% low season provides a Gross Revenue in excess of $150,000. With the right market-driven owner, significant upside potential exists for growing the shoulder and low season business. The home was placed on the US Dept of Interior’s list of historic places in 1979 and has been operating as a B&B since 1989 receiving numerous high profile recognitions including Arrington’s “Best B&B to visit again and again”, “Most Affordable Elegance”, and American Historic Inns Nationwide “Top 10 Romantic Inn” designation for 2006. The crowning recognition was given by the Society of Architectural Historians when recognizing the home as “the most perfect example of Queen Anne Victorian architecture” and placing it on the cover of Kathryn Eckert’s book “Buildings of Michigan” listing Michigan's best home designs! No wonder, as the home exudes authenticity throughout and the spirit of the original craftsmanship can be sensed from the incredible Birdseye Maple woodwork in the rear parlor to the hand crafted wood finials, windows of original glass, custom fireplaces and even original "electrified" light fixtures mounted to handpainted plaster medallions. The original B&B housed 4 large guest rooms with queen beds, full private baths and 3 fireplaces. A Carriage House was added in 2005 to provide two deluxe suites above an oversized two-bay garage with work area. Owner/Innkeepers can relax in the spacious 1300 sq-ft living quarters located on the 3rd floor of the home complete with living room, full bath, reading room and walk-in closets. The 1st floor of the home is almost entirely devoted to guest use. An ornate entry area, two well appointed parlors, and a large dining room which can seat up to 16 adults. The kitchen with commercial stove and dishwasher, back entry “mud room”, and half bathroom complete the first floor. The spacious Carriage House suites come complete with fireplaces and 2 person Jacuzzi soaking tubs bringing the Inn up to a financially viable 6 room B&B. The home resides on a highly visible fully landscaped one-half acre corner lot within the Village of Bellaire, the seat of Antrim County. Right next door is Richardi Park (named after the builder of the 'Grand Victorian') which provides convenient walking paths, tennis, basketball courts, and a swimming beach. Guests are just a short walk from fine dining, taverns, shopping and a two-screen theater. Antrim County, which is home to Michigan's famed “Chain of Lakes”, boasts some of the finest year-round recreation in Northern Michigan. Just 5 miles to the west is beautiful Torch Lake which draws thousands of boating enthusiasts all summer long. Shanty Creek Resort is only three miles and provides 4 wonderful golf courses in the summer, 3 downhill ski areas in the winter. A 40 mile drive lands you in the larger cities of Traverse City, Charlevoix, and Petoskey where shopping, antiques, and fine dining supplement the regular occurring festivals and special events of the area. Numerous well established Wineries dot the landscape within an hour’s drive.