Elk Rapids, MI Hospitality properties for sale

Updated: Aug 13

Restored Cottage Court Resort

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000

4,000 sqft 5.88 AC lot

Restored 1938 cottage court with 10 individual cottages
Nine cottages currently participate in the rental program
Guest accommodations range from a 160‑square‑foot efficiency to a two‑bedroom retreat
Combined lodging capacity of up to 28 guests
New flooring, electrical, and plumbing throughout the cottages

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Updated: Aug 13

Restored Cottage Court Resort

917 S Bayshore Dr, Elk Rapids, MI 49629

$1,750,000

4,000 sqft 5.00 AC lot

Five wooded acres with a restored 1938 cottage court
10 individual cottages, with 9 currently in the rental program
Cottage sizes range from a 160‑square‑foot efficiency to a two‑bedroom retreat
Combined lodging capacity of up to 28 guests
Shared fire pit, group dining area, and lawn space

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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 10 Potential Opportunities for your consideration. Besides 2 Active listings in Elk Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Restored Victorian Bed & Breakfast

18599 Mission Road, Traverse City, MI 49686

$4,260,000

5,644 sqft 10.86 AC lot

Guest accommodations pair dining areas with a commercial kitchen and covered porch.

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Boutique Hotel With Event Space

2287 S Main Street, Central Lake, MI 49622

$850,000

3,200 sqft 1.00 AC lot

Five private-bath suites, shared hospitality areas, and a remodeled lower-level venue accommodate overnight guests and private gatherings.

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Historic Victorian Hotel with Covered Porch

18599 Mission Road, Traverse City, MI 49686

$4,260,000

5,644 sqft 10.86 AC lot

Includes 13 guest rooms and the Mission Bay Cafe, open to the public.

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Boutique Hotel with Event Space

2287 S Main Street, Central Lake, MI 49622

Contact for pricing

3,200 sqft

Boutique hotel and event space featuring five suites, private baths, and a remodeled speakeasy/barrel room.

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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.

Commercial Development Land Parcel

M-72, Williamsburg, MI 49690

$650,000

11.00 AC lot

Development-ready commercial land on M-72 with utility access nearby and available engineering reports.

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Commercial Land with Existing Office

1040 E Front Street, Traverse City, MI 49686

$1,148,000

1,864 sqft 0.63 AC lot

0.63-acre parcel with three lots, including an existing office building and two vacant lots on US-31.

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Wooded Resort Homesite Land Parcel

207 Shadow Glen, Bellaire, MI 49615

Contact for pricing

0.75 AC lot

Build a private home on a wooded homesite with a perk test on file and key utilities available.

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Waterfront Buildable Land

6785 Fouch Road, Traverse City, MI 49684

$250,000

2.69 AC lot

Buildable waterfront lot with an existing pole building, paved drive, and utilities in place for a range of uses.

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Elk Rapids, MI Hospitality Properties Market Trends and Statistics

Explore 2 hospitality properties for sale in Elk Rapids, MI on our real estate platform. These investment opportunities span a total of 8,000 square feet of properties for sale, with an estimated market value of $3,500,000.

Sale prices for hospitality properties in Elk Rapids, MI average $1,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.