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    Traverse City, MI
    Bed & Breakfast

    Traverse City, MI Bed & Breakfasts for Sale

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    Historic Inn with Carriage House Apartments
    Updated: Jun 20, 2023
    Historic Inn with Carriage House Apartments

    230 Wellington, Traverse City, MI 49686

    $3,995,000
    11,807 sqft 0.51 AC lot
    9 guest rooms and 15 bathrooms
    Carriage house has two separate 2‑bedroom apartments with kitchens
    In‑unit washer and dryer in each carriage house apartment
    15,918 square feet including unfinished basement and carriage house lower level
    0.51‑acre lot
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    Historic Traverse City Inn
    Updated: Jun 23, 2023
    Historic Traverse City Inn

    230 Wellington St, Traverse City, MI 49686

    Contact for pricing
    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 a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 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

    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
    Bed and Breakfast with Lake Views
    Bed and Breakfast with Lake Views

    113 Michigan Avenue, Charlevoix, MI 49720

    $1,700,000
    3,814 sqft

    A charm-forward inn featuring 8 bedrooms and 7 baths, positioned for guests seeking lake scenery and easy access downtown.

    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
    Bed & Breakfast Inn with 8 Rooms
    Bed & Breakfast Inn with 8 Rooms

    113 Michigan Avenue, Charlevoix, MI 49720

    $1,700,000
    3,814 sqft

    Bed and breakfast business opportunity with 8 bedrooms and 7 baths at 113 Michigan Avenue in Charlevoix.

    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 $3,995,000.

    Sale prices for inns in Traverse City, MI average $3,995,000 — 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 7
    Hotels 5
    Motels 5
    Bed & breakfasts 2
    Campgrounds 2

    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 $4M

    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

    Office

    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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