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    Traverse City, MI
    Bed & Breakfast

    Traverse City, MI Bed & Breakfasts for Sale

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    Cedar, MI Williamsburg, MI Acme, MI
    Historic Inn with Carriage House
    Updated: Jun 20, 2023
    Historic Inn with Carriage House

    230 Wellington, Traverse City, MI 49686

    $3,995,000
    11,807 sqft · 0.51 AC lot
    Historic Neo‑Classical Revival estate operating as an inn with 9 guest rooms and 15 bathrooms
    Carriage house has two separate 2‑bedroom apartments, each with a kitchen and in‑unit washer/dryer
    Original stables remain largely unused, offering potential for event space, additional guest suites, or other uses
    Approximately 15,918 SF total, including the unfinished basement and lower level of the carriage house
    Sale includes period antiques and furnishings, plus website, marketing materials, licenses, and related intellectual property
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    Historic Traverse City Inn
    Updated: Jun 23, 2023
    Historic Traverse City Inn

    230 Wellington St, Traverse City, MI 49686

    $4,240,000
    12,762 sqft
    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.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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
    Recreational/Resort,Bed & Breakfast,Marina,Other - Grayling, MI

    100 State St, Grayling, MI 49738

    $660,000
    2,300 sqft · 0.70 AC lot

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

    View details
    Carlisle Canoe Livery
    Carlisle Canoe Livery

    100 State St, Grayling, MI 49738

    $660,000
    2,200 sqft · 0.70 AC lot

    Canoe Livery in Grayling Michigan

    View details
    Tippy Dam Lodge Retreat
    Tippy Dam Lodge Retreat

    1306 N Tippy Dam Road, Wellston, MI 49689

    $999,900
    22.24 AC lot

    Unique lodge in Manistee National Forest with multiple buildings.

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    Unique Lodge in Manistee Forest
    Unique Lodge in Manistee Forest

    1306 N Tippy Dam Rd, Wellston, MI 49689

    $1,100,000

    One-of-a-kind retreat in Michigan's Manistee National Forest.

    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.

    Waterfront Land on Spread Eagle
    Waterfront Land on Spread Eagle

    4829 Carpenter Road, Florence, WI 54121

    $900,000
    1.93 AC lot

    Rare waterfront land with cabins on Spread Eagle's Chain.

    View details
    Union Pier Land Opportunity
    Union Pier Land Opportunity

    16351 Red Arrow Highway, Union Pier, MI 49129

    $630,000
    148,104 sqft

    3.40 acres near beach, close to downtown and beaches.

    View details
    Waterfront Residential Lot
    Waterfront Residential Lot

    W5656 Sunshine Court lot: 19, New Lisbon, WI 53950

    $135,000
    0.62 AC lot

    Build on a residential waterfront lot on a private, man-made lake with water views in New Lisbon, WI.

    View details
    Multi-Family Development Land
    Multi-Family Development Land

    1301 W Tapp Road, Bloomington, IN 47403

    $264,000
    0.76 AC lot

    Multi-family zoned parcel with quick I-69 access and potential townhouse or other mixed-use residential concepts.

    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
    Hotels

    230 Wellington St, Traverse City, MI 49686

    Value Estimation by Request
    12,762 sqft · 0.51 AC lot
    View details

    Traverse City, MI Bed & Breakfasts Market Trends and Statistics

    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 $8,235,000.

    Sale prices for inns in Traverse City, MI start at $3,995,000, averaging $4,117,500, 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

    Commercial property segments ranked by active listings on the market

    Resorts 5
    Motels 3
    Bed & breakfasts 2
    Campgrounds 1
    Hotels 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49686 $4.1M

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in Grand Traverse County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

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    Property Size Breakdown

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

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