Sunflower Inn

Charlevoix, Michigan

Asking Price: USD $619,000
Guest Rooms: 4    4
Owners Quarter: 2    1

Property Overview

4 Bed/4Bath B&B in the very popular Up North Michigan tourist town of Charlevoix. This property is newly updated in a more modern, very clean style with beautiful gardens and a comfortable outdoor space.

The Sunflower Inn is a successful, 5 Star B&B in its 6th year of operation. The Inn is located within walking distance of both the downtown/harbor area of Beautiful Charlevoix as well as the beach on Lake Michigan for sunsets.

The Inn was built in 1996 and is in great shape with a new roof installed in 2023. Three of the rooms are En-Suite rooms and are spacious with tiled walk-in showers. The fourth room has a separate but private & dedicated bathroom. Solid-surface flooring throughout , except the stairs and 2nd floor hallway area. The Inn Keepers residence is in the finished basement and includes 2 bedrooms living space and a full bathroom.

The outdoor area features a lovely lighted pergola surrounded by beautiful flower beds which can provide a surplus of flowers that can be cut for the breakfast table each day. New granite counter tops and deep sink along with modern stainless-steel appliances in an open arrangement adjacent to the large oak table make a functional and appealing kitchen/breakfast area.

About the Owner's Quarters

Finished Basement W/ 2 Bed, 1 Bath, Living Area, Pantry & Laundry

Lifestyle:
  • Near the Beach Beach
  • Nearby Winery / Brewery Winery
  • Close to Fishing Fishing
  • Includes a Restaurant Golf
  • Near Skiing Ski
Business Description:

Conveniently located between Traverse City and Mackinaw City, Charlevoix often serves as a base area for exploring Up North Michigan. Guests attending weddings at several notable venues comprise a solid base of demand for lodging in the immediate area. The Inn is less than 5 minutes to Castle Farms and even less to the Yacht Club. A notable lack of short term lodging to support the seasonal tourist demand & destination wedding events supports this successful B&B.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
John Eaton (Owner)
  231-350-9728

Sq Ft:

3,492

Owner's Quarters Sq Ft:

1,000

Acres:

0

Year Built:

1996

Last Renovated:

2020

Years in Business:

6
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Financial Overview

Asking Price:

USD $619,000

Cap Rate:

0%

NOI:

USD $0

Annual Gross Revenue:

USD $65,000

Gross Revenue Multiplier:

0x

Revenue Per Room:

USD $0

Occupancy Rate:

50%

Average Daily Rate:

USD $220

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