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    Grand Traverse County, MI Bed & Breakfasts for Sale

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    Traverse City Bed & Breakfast
    $4,240,000
    11,807 SF

    Traverse City Bed & Breakfast

    230 Wellington St, Traverse City, MI 49686

    Legacy property with 9 bedrooms, 15 bathrooms, and carriage house.

    • Turnkey 5‑star bed and breakfast business with a proven track record (Pro‑forma cap rate‑10.5%, ROI- 13.5% & cash‑on‑cash- 13.18%).
    • Historic neo‑classic revival property meticulously restored (1999‑2003) to its original grandeur.
    • Substantial size: 9 bedrooms, 15 bathrooms, and a carriage house with two 2‑bedroom apartments, totaling 15,918 square feet.
    • Includes valuable assets: period antiques, furnishings, website, advertising materials, licenses, and intellectual property.
    • Opportunity for expansion: Unutilized original stables can be converted to event space or additional units.
    Updated: Apr 14, 2025
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    230 Wellington St
    $4,249,500
    12,762 SF

    230 Wellington St

    230 Wellington St, Traverse City, MI 49686

    Hotels • 12,762 SF

    • Fully updated and restored historic inn and established business for sale.
    • Features 9 guest rooms, 2 two‑bedroom apartments with full kitchens and laundry, and a ballroom suitable for events.
    • Includes a tea room license, allowing for expanded food service.
    • Modern amenities include central air conditioning, hot water boiler heat, and electric fireplaces in each guest room; some rooms feature jetted tubs.
    • Significant upside potential through seasonal apartment rentals and carriage house conversion.
    Updated: Dec 11, 2024
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    Based on your search, we've compiled 3 Potential Opportunities for your consideration. Besides 2 Active listings in Grand Traverse County, MI, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads

    Explore Off-Market Properties in Grand Traverse County, MI

    Consider similar Off-Market properties in Grand Traverse County, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    230 Wellington St

    230 Wellington St

    Hotels • 12,762 SF
    Value Estimation by Request
    230 Wellington St, Traverse City, MI 49686
    View details

    Grand Traverse County, MI Bed & Breakfasts Investment Opportunities Market Analysis

    Explore 3 bed & breakfasts for sale in Grand Traverse County, MI on our real estate platform. These investment opportunities span a total of 44,431 square feet of properties for sale, with an estimated market value of $8,489,500.

    Sale prices for inns in Grand Traverse County, MI start at $4,240,000, averaging $4,244,750, and reaching up to $4,249,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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