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Leland, MI Hospitality Properties for Sale

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Glen Arbor, MI Maple City, MI Lake Leelanau, MI

Iconic Leelanau County Investment Opportunity

$4,750,000

9,244 SF

Iconic Leelanau County Investment Opportunity

1757 N Manitou Trail, Leland, MI 49654

Profitable hotel with lake views and private lake frontage.

Profitable hotel business with 18 short‑term rental units and impressive 4.8‑star average reviews.
Enjoy 200 ft of private frontage on North Lake Leelanau, complete with kayak and paddle board rentals.
Features 9,244 sq ft of building space across five buildings on 4‑plus acres in beautiful Leelanau County.
Includes a historic 1906 main lodge with innkeeper's quarters and office/gift shop.
World‑class lake views.

Updated: Jan 9, 2025

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Iconic Leelanau County Hotel Opportunity

$4,750,000

9,244 SF

Iconic Leelanau County Hotel Opportunity

1757 N Manitou Trail, Leland, MI 49654

Profitable hotel with lake views and private lake frontage.

Profitable hotel business with 18 short‑term rental units and impressive 4.8‑star average reviews.
Enjoy 200 ft of private frontage on North Lake Leelanau, complete with kayak and paddle board rentals.
Prime location in Leelanau County, just one mile south of Leland, Michigan.
Substantial property: 9,244 sq ft across five buildings on 4‑plus acres.
Historic 1906 main lodge features innkeeper's quarters and an office/gift shop.

Updated: Jan 9, 2025

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Leland, 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.

$750,000

3,715 SF

Charming Cabin Resort Near Platte River

8-unit cabin resort near Sleeping Bear Dunes National Lakeshore.

11481 Main Street, Honor, MI 49640

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$750,000

5,000 SF

Turnkey Cabin Resort Near Sleeping Bear

Northern Michigan cabin resort with immediate income potential near Sleeping Bear.

11481 Main St, Honor, MI 49640

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$4,230,000

11,807 SF

Traverse City Bed & Breakfast

Legacy property with 9 bedrooms and carriage house apartments.

230 Wellington, Traverse City, MI 49686

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$4,240,000

12,762 SF

Historic Traverse City Inn

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

230 Wellington St, Traverse City, MI 49686

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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.

$1,148,000

1,864 SF

Prime Commercial Land, Traverse City

0.63 acre commercial parcel on US-31 in Traverse City.

1040 E Front Street, Traverse City, MI 49686

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$650,000

11.00 Acres

M-72 Commercial Land Available

11 acre commercial parcel on M-72 near Casino.

M-72, Williamsburg, MI 49690

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$1,100,000

700 SF

Frankfort Mixed-Use Commercial Lots

Four lots in a popular vacation destination.

903 Main Street, Frankfort, MI 49635

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$1,100,000

0.57 Acres

Frankfort Land For Sale

Vacant land in Frankfort, MI, zoned for mixed-use commercial.

903 Main Street, Frankfort, MI 49635

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Leland, MI Hospitality Properties Investment Opportunities Market Analysis

Explore 2 hospitality properties for sale in Leland, MI on our real estate platform. These investment opportunities span a total of 18,488 square feet of properties for sale, with an estimated market value of $9,500,000.

Sale prices for hospitality properties in Leland, MI start at $4,750,000, averaging $4,750,000, and reaching up to $4,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Demographics Overview

Population 737

Population Growth (5Y) +42.0%

Median Household Income $119,107

College Educated 72.6%

High-Yield Neighborhoods for Strategic Investment

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

Neighborhood	Average Price
49654	$4.8M

Taxes & Financing

Tax Rate (average for all types) 2.37%

Tax Rate vs County Average 0.13 pp above county avg

Average Loan-to-Value 65.0%

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Leland, MI Hospitality Properties for Sale