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    Traverse City, MI Bed & Breakfasts for Sale

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    Williamsburg, MI Grawn, MI Interlochen, MI
    Traverse City Bed & Breakfast
    $4,230,000
    11,807 SF

    Traverse City Bed & Breakfast

    230 Wellington, Traverse City, MI 49686

    Legacy property with 9 bedrooms and carriage house apartments.

    • 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: Jun 20, 2023
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    Historic Traverse City Inn
    $4,240,000
    12,762 SF

    Historic Traverse City Inn

    230 Wellington St, Traverse City, MI 49686

    Legacy property in Traverse City, a meticulously restored, successful Inn.

    • Successful, established 5‑star Inn business with almost 20 years of operation, ready for a new owner.
    • Meticulously restored historic mansion (built in 1900) with updated mechanical systems and restored original features.
    • Prime location in Traverse City, a popular tourist destination.
    • Walking distance to downtown Traverse City's restaurants, shops, parks, beaches, and the Boardman River.
    • Located on Grand Traverse Bay, offering access to water activities and scenic views.
    Updated: Jun 23, 2023
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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Recreational/Resort,Bed & Breakfast,Marina,Other - Grayling, MI
    $660,000
    2,300 SF

    Recreational/Resort,Bed & Breakfast,Marina,Other - Grayling, MI

    Thriving canoe livery with retail, equipment, and vacation rental.

    100 State St, Grayling, MI 49738
    View details
    Historic Charlevoix House with Rental Units
    $895,000
    3,800 SF

    Historic Charlevoix House with Rental Units

    Historic lodging with eight rentable units and established rental history.

    202 Michigan, Charlevoix, MI 49720
    View details
    Bed and Breakfast Opportunity
    $1,700,000
    3,814 SF

    Bed and Breakfast Opportunity

    Bed and Breakfast in a highly visible and desired location.

    113 Michigan, Charlevoix, MI 49720
    View details
    Carlisle Canoe Livery
    $660,000
    2,200 SF

    Carlisle Canoe Livery

    Canoe Livery in Grayling Michigan

    100 State St, Grayling, MI 49738
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Union Pier Land Opportunity
    $630,000
    148,104 SF

    Union Pier Land Opportunity

    3.40 acres near beach, close to downtown and beaches.

    16351 Red Arrow Highway, Union Pier, MI 49129
    View details
    Ellicottville Farmhouse on 130 Acres
    $2,499,999
    2,260 SF

    Ellicottville Farmhouse on 130 Acres

    7-bedroom farmhouse on 130 acres near Holiday Valley.

    6152 Sugartown Road, Ellicottville, NY 14731
    View details
    Land Near Red River Gorge
    $30,000
    1.42 Acres

    Land Near Red River Gorge

    1.42 acres near Red River Gorge, potential Air BNB.

    44 Indian Valley Retreat, Zoe, KY 41397
    View details
    Cochecton Land on Route 17B
    $68,500
    2.00 Acres

    Cochecton Land on Route 17B

    Two acres in Hamlet District, suitable for commercial or residential.

    2.-1-32.7 State Route 17B, Cochecton, NY 12726
    View details

    Off-Market Properties in Traverse City, MI

    Consider similar Off-Market properties in Traverse City, 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

    Traverse City, MI Bed & Breakfasts Investment Opportunities Market Analysis

    Explore 3 bed & breakfasts for sale in Traverse City, MI on our real estate platform. These investment opportunities span a total of 24,569 square feet of properties for sale, with an estimated market value of $8,470,000.

    Sale prices for inns in Traverse City, MI start at $4,230,000, averaging $4,235,000, and reaching up to $4,240,000 — 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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    Top Commercial Asset Segments

    Resorts 4
    Bed & breakfasts 2
    Motels 2
    Campgrounds 1

    Property Size Breakdown

    The majority of commercial real estate listings in Traverse City fall within the 100,000+ square foot range.

    Demographics Overview

    Population 78K
    Population Growth (5Y) -35.5%
    Median Household Income $78,889
    College Educated 59.4%

    High-Yield Neighborhoods for Strategic Investment

    Identify Traverse City submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    49686 $4.2M

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $71.64 per sq ft
    Average Loan-to-Value 65.0%

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