Traverse City, MI Hospitality Properties for Sale

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Updated: Apr 27

Wedding Venue and Barn Property

55 S Hope Ridge, Traverse City, MI 49696

$3,500,000

16,208 sqft 40.76 AC lot

40.76‑acre wedding venue property just 8 minutes from downtown Traverse City
Eight homes totaling 16,208 SF
Four large barns on site
Capacity to hold over 60 guests
Private well water service and shared septic

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This listing looks promising.

Here's a quick look at some key insights for

55 S Hope Ridge, Traverse City, MI 49696-5928

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Est. Cap Rate

3.5%
NOI ÷ price
Est. NOI

$122K
Annual
Price @ 7% Cap

$1.74M
Suggested
Property Type

Vacant Commercial
Built 1989

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Updated: Sep 15, 2025

Four-Season Resort with River Frontage

6841 Brown Bridge Road, Traverse City, MI 49696

$3,500,000

10,404 sqft 40.00 AC lot

40‑acre four‑season resort with 15 motel units and a private house
Full‑service restaurant with seating for 147 guests plus a liquor license
1,300 feet of private frontage on the Boardman River
55‑person meeting room and 113‑person pavilion/game room
25 campsites with restroom/shower buildings

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Furnished Rental Resort Property

2960 Arbutus Hill Road, Traverse City, MI 49696

$3,800,000

36.50 AC lot

Eighteen furnished units include one-, two-, and three-bedroom layouts alongside an on-site residence and apartment.

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Grand Traverse Motel For Sale

1010 E Front Street, Traverse City, MI 49686

$2,300,000

8,062 sqft 0.49 AC lot

Well-located 18-room motel near downtown Traverse City.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Historic Inn with Carriage House Apartments

230 Wellington, Traverse City, MI 49686

$3,995,000

11,807 sqft 0.51 AC lot

Historic inn offering 9 guest rooms plus two separate 2-bedroom apartments in the carriage house.

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Four-Season Resort with River Frontage

6841 Brown Bridge Road Unit SourceFi, Traverse City, MI 49696

$3,500,000

10,404 sqft 40.00 AC lot

Four-season resort offering 15 motel units, restaurant with liquor license, campsites, and 1,300 feet of private Boardman River frontage.

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Furnished Resort Rental Property

2960 Arbutus Hill Road, Traverse City, MI 49696

$3,800,000

36.00 AC lot

Resort property with 19 fully furnished 1–2–3 bedroom rental units plus a four-bedroom main residence on 36+ acres.

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Two-Property Limited-Service Hotel Portfolio

1492 US-31, Traverse City, MI 49686

Contact for pricing

55,556 sqft

Two limited-service hotels totaling 117 guestrooms on Grand Traverse Bay in Traverse City, Michigan.

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Destination Wedding and Retreat Property

Traverse City, MI 49696

$3,500,000

A 40-acre hospitality property with eight homes, four large barns, and capacity for over 60 guests.

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Historic Traverse City Inn

230 Wellington St, Traverse City, MI 49686

Contact for pricing

12,762 sqft

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

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Based on your search, we've compiled 70 Potential Opportunities for your consideration. Besides 10 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 52 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.

Restored Cottage Court Resort

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000

4,000 sqft 5.88 AC lot

Waterfront-area hospitality property with individually renovated cottages, shared guest amenities, and an on-site owners’ residence.

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Historic Inn with Restaurant & B&B

149 E Harbor Highway, Maple City, MI 49664

$1,600,000

7,500 sqft 3.17 AC lot

Turn-key Leelanau County landmark with restaurant, bar, and lodging.

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Restored Cottage Court Resort

917 S Bayshore Dr, Elk Rapids, MI 49629

$1,750,000

4,000 sqft 5.00 AC lot

Ten renovated cottages with shared outdoor gathering areas sit across from public beach access.

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Motel with On-Site Café

7097 S Dunns Farm Road, Maple City, MI 49664

$1,150,000

4,957 sqft 5.90 AC lot

Eight-room lodging property includes owner or caretaker quarters and a seasonal food-service operation.

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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 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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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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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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Hunting Land Parcel with River

State Road, Kalkaska, MI 49646

$65,000

80.00 AC lot

An 80-acre hunting land parcel with N Branch Boardman River frontage and low ground/wetland areas.

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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.

MOTEL

1465 Us Hwy 31st N, Traverse City, MI 49686-3636

$885,000

Estimated value

5,312 sqft 0.68 AC lot

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Hotels

18599 Mission Rd, Traverse City, MI 49686

Value Estimation by Request

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Hotels

1 Northern Michigan, Traverse City, MI 49686

Value Estimation by Request

View details

Hotels

230 Wellington St, Traverse City, MI 49686

Value Estimation by Request

12,762 sqft 0.51 AC lot

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MOTEL

1773 Us Hwy 31st N, Traverse City, MI 49686-3743

$13,510,000

Estimated value

720 sqft 3.80 AC lot

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HOTEL

3575 Us Hwy 31st S, Traverse City, MI 49684-4500

Value Estimation by Request

243,935 sqft 28.83 AC lot

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MOTEL

1566 Us Hwy 31st N, Traverse City, MI 49686-3740

$445,000

Estimated value

2,266 sqft 1.31 AC lot

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MOTEL

1582 Us Hwy 31st N, Traverse City, MI 49686-3740

$645,000

Estimated value

18,444 sqft 1.06 AC lot

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HOTEL

2211 Us Hwy 31st N, Traverse City, MI 49686-3753

Value Estimation by Request

14,280 sqft 1.08 AC lot

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MOTEL

1614 Us Hwy 31st N, Traverse City, MI 49686-3742

$615,000

Estimated value

22,428 sqft 1.12 AC lot

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HOTEL

1942 Us Hwy 31st N, Traverse City, MI 49686-3748

$395,000

Estimated value

3,990 sqft 1.72 AC lot

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HOTEL

2227 Us Hwy 31st N, Traverse City, MI 49686-3753

$1,210,000

Estimated value

4,424 sqft 0.65 AC lot

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MOTEL

2300 Us Hwy 31st N, Traverse City, MI 49686-3756

$1,805,000

Estimated value

9,488 sqft 1.89 AC lot

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HOTEL

2215 Us Hwy 31st N, Traverse City, MI 49686-3753

$2,595,000

Estimated value

13,302 sqft 0.63 AC lot

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Traverse City, MI Hospitality Properties Market Trends and Statistics

Explore 62 hospitality properties for sale in Traverse City, MI, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 125,203 square feet of properties for sale, with an estimated market value of $27,895,000.

Sale prices for hospitality properties in Traverse City, MI start at $2,300,000, averaging $3,486,875, and reaching up to $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

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
49696	$3.6M
49686	$3.8M

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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Traverse City, MI Hospitality Properties for Sale

55 S Hope Ridge, Traverse City, MI 49696

6841 Brown Bridge Road, Traverse City, MI 49696

2960 Arbutus Hill Road, Traverse City, MI 49696

1010 E Front Street, Traverse City, MI 49686

230 Wellington, Traverse City, MI 49686

6841 Brown Bridge Road Unit SourceFi, Traverse City, MI 49696

2960 Arbutus Hill Road, Traverse City, MI 49696

1492 US-31, Traverse City, MI 49686

Traverse City, MI 49696

230 Wellington St, Traverse City, MI 49686

Opportunities in Nearby Cities

917 S Bayshore Drive, Elk Rapids, MI 49629

149 E Harbor Highway, Maple City, MI 49664

917 S Bayshore Dr, Elk Rapids, MI 49629

7097 S Dunns Farm Road, Maple City, MI 49664

Potential Development Sites for Consideration

1040 E Front Street, Traverse City, MI 49686

M-72, Williamsburg, MI 49690

6785 Fouch Road, Traverse City, MI 49684

State Road, Kalkaska, MI 49646

Off-Market Properties in Traverse City, MI

1465 Us Hwy 31st N, Traverse City, MI 49686-3636

18599 Mission Rd, Traverse City, MI 49686

1 Northern Michigan, Traverse City, MI 49686

230 Wellington St, Traverse City, MI 49686

1773 Us Hwy 31st N, Traverse City, MI 49686-3743

3575 Us Hwy 31st S, Traverse City, MI 49684-4500

1566 Us Hwy 31st N, Traverse City, MI 49686-3740

1582 Us Hwy 31st N, Traverse City, MI 49686-3740

2211 Us Hwy 31st N, Traverse City, MI 49686-3753

1614 Us Hwy 31st N, Traverse City, MI 49686-3742

1942 Us Hwy 31st N, Traverse City, MI 49686-3748

2227 Us Hwy 31st N, Traverse City, MI 49686-3753

2300 Us Hwy 31st N, Traverse City, MI 49686-3756

2215 Us Hwy 31st N, Traverse City, MI 49686-3753

Traverse City, MI Hospitality Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Office

Property Size Breakdown

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