103 N ALMER Street
Caro, MI, 48723 $ 1,280,000
Bedrooms-- Baths-- Sq 3,800 Monthly Estimate*
$ 8,082
for $1,280,000. This 3,800 square foot building was built in 1880 on a lot size of 0.35.
Welcome to The Himelhoch Bed & Breakfast, a fully furnished turnkey investment opportunity in the heart of downtown Caro, Michigan. This rare offering includes two restored Victorian properties, the operating business entity, furnishings, décor, linens, booking systems, and business assets, creating a seamless opportunity for a new owner to step into an established hospitality business. Together, The Himelhoch House (1883) and The Parsonage (1902) offer timeless character, modern comfort, and income potential. The main estate features a grand wraparound porch, formal dining room, parlor, game room, premium guest suites with private en-suite baths, and finished lower-level living space ideal for owner’s quarters, an on-site innkeeper, or future revenue expansion. The Parsonage offers additional guest rooms, each with private en-suite baths, along with a private corporate apartment suited for extended-stay income or management housing. The business generated over $200,000 in gross sales for 2025 at approximately 40% occupancy, with current revenue driven by standard bookings. Significant upside is available through expanded marketing, weddings, private events, mid-week packages, extended stays, and future room expansion opportunities. Both homes have been thoughtfully restored and updated while preserving their historic Victorian charm. Major improvements include new roofs, high-efficiency furnaces, water heaters, electrical, plumbing and key infrastructure updates designed to support a smooth transition for the next owner. Ample on-site parking, inviting outdoor spaces, a relaxing hot tub, and guest-friendly gathering areas add to the experience. Located just a short drive from Frankenmuth, Caseville, Bay City, Saginaw and other Mid-Michigan destinations, The Himelhoch Bed & Breakfast offers a unique blend of history, hospitality and investment potential. Complete financials, inventory lists, and private tours are available to qualified buyers upon NDA.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir NaturalGas
Possession ClosePlus30Days
Garage Spaces 0.0
Construction Materials ShingleSiding
Year Built 1880
Levels Three
Property Subtype BusinessandRealEstate
Current Use Residential
County Tuscola
Net Operating Income 185000.0
Operating Expense 45000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name ORIGINAL PLAT
Garage Y/N N
Status Active
Directions North on State St (M-81) take left on S Almer St Cross over Frank St onto N Almer St then one block north on the Left.
City CaroCity_Tuscola
Senior Community Y/N N
High School District Caro
Zoning Description Residential
MLS Area Area79132Caro
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 4603.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 106078
Expected Active Date 2025-06-25
Legal Description 575-0054-000 SEC 03 T12N R9E LOT 10 & S 1/2 OF LOT 9 BLK 9 ALSO COM AT A PT 33 FT S OF NE COR OF LOT 4 TH S 25 FT TH W 21 FT TH N 25 FT TH E 21 FT TO POB. (PART OF LOT 4) ORIGINAL PLAT VILL OF CA
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ExteriorWater Source Public
Foundation Details Basement Block
Spa N
Building Area Total 0.0
Lot Dimensions 99 x 132 x 74 x 37 x 25 x 169
Lot Size Acres 0.35
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3800.0
Above Grade Finished Area Unit Type SquareFeet
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,082
- Monthly Property Taxes
- $384
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Caro, MI
Average List Price $363,770
Percent of Sale Price 72%
About Caro, MI 4,122 Population
-4% Since 2002
$ 37,135 Median Income
40.1 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
848452 Elementary School
848584 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/25/2025 | $1,280,000 | | Listed Price |