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    Traverse City, MI
    Hospitality

    Traverse City, MI Hospitality Properties for Sale

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    Boardman Riverfront Resort
    Updated: Sep 23
    Boardman Riverfront Resort

    6841 Brown Bridge Road, Traverse City, MI 49696

    $2,950,000
    10,404 sqft 40.00 AC lot
    40‑acre resort with 15 motel units and a private house
    Restaurant seats 147 and includes a liquor license
    25 campsites with restroom and shower buildings
    1,300 feet of private Boardman River frontage
    Meeting room for 55 and pavilion/game room for 113
    View details
    Restored Historic Bed And Breakfast
    Updated: Jun 20, 2023
    Restored Historic Bed And Breakfast

    230 Wellington, Traverse City, MI 49686

    $3,995,000
    11,807 sqft 0.51 AC lot
    9 guest rooms and 15 bathrooms
    Two separate 2‑bedroom carriage‑house apartments, each with a kitchen and in‑unit washer and dryer
    0.51‑acre historic hospitality property in Traverse City
    Original stables remain beneath the carriage house
    Sale includes period antiques, furnishings, website, marketing materials, licenses, and associated intellectual property
    View details
    Riverfront Resort with Lodging
    Riverfront Resort with Lodging

    Traverse City, MI 49696

    $2,950,000
    10,404 sqft 40.00 AC lot

    Lodging, dining, camping, recreation, and event facilities operate within a single resort property.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Historic Bed & Breakfast with Carriage House
    Historic Bed & Breakfast with Carriage House

    230 Wellington, Traverse City, MI 49686

    $3,995,000
    15,918 sqft

    The inn includes two separate apartments, each with a kitchen and in-unit laundry.

    View details
    4 active listings match your search: Hospitality for sale in Traverse City, MI. Based on your search, we've also compiled 59 Potential Opportunities for your consideration: 4 properties in nearby cities, 52 off-market properties to explore as potential leads, and 3 land listings with development potential.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Cottage Resort Near Bay
    Cottage Resort Near Bay

    917 S Bayshore Drive, Elk Rapids, MI 49629

    $1,750,000
    4,000 sqft 5.88 AC lot

    Restored cottage accommodations with shared outdoor gathering areas and public beach access across the street.

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    Restored Cottage Court Resort
    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.

    View details
    Agricultural Land with Cherry Orchard
    Agricultural Land with Cherry Orchard

    Williamsburg, MI 49690

    $24,157,817

    Large agricultural holding with an operating cherry orchard, lodging improvements, a residence, and multiple outbuildings.

    View details
    Scandinavian-Inspired Resort and Event Center
    Scandinavian-Inspired Resort and Event Center

    5961 E Oslo Street, Williamsburg, MI 49690

    $12,900,000
    1,780 sqft 18.16 AC lot

    Resort campus with cottages, hospitality facilities, event space, and approved mixed-use expansion capacity near Grand Traverse Bay.

    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.

    Commercial Land Parcel
    Commercial Land Parcel

    M-72, Williamsburg, MI 49690

    $650,000
    11.00 AC lot

    Commercially zoned land with an established access plan and utility availability along the east side.

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    Waterfront Buildable Land
    Waterfront Buildable Land

    6785 Fouch Road, Traverse City, MI 49684

    $215,000
    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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    Land in Campers Village
    Land in Campers Village

    Pineview Drive lot: 435 B0 1305 6273, Mancelona, MI 49659

    Contact for pricing
    0.42 AC lot

    Vacant land in a four-season recreational community.

    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.

    1465 Us Hwy 31st N
    MOTEL

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

    Estimated value:
    $885,000
    5,312 sqft 0.68 AC lot
    View details
    230 Wellington St
    Hotels

    230 Wellington St, Traverse City, MI 49686

    Estimated value: by Request
    12,762 sqft 0.51 AC lot
    View details
    1773 Us Hwy 31st N
    MOTEL

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

    Estimated value:
    $13,510,000
    720 sqft 3.80 AC lot
    View details
    3575 Us Hwy 31st S
    HOTEL

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

    Estimated value: by Request
    243,935 sqft 28.83 AC lot
    View details
    1566 Us Hwy 31st N
    MOTEL

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

    Estimated value:
    $445,000
    2,266 sqft 1.31 AC lot
    View details
    1582 Us Hwy 31st N
    MOTEL

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

    Estimated value:
    $645,000
    18,444 sqft 1.06 AC lot
    View details
    2211 Us Hwy 31st N
    HOTEL

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

    Estimated value: by Request
    14,280 sqft 1.08 AC lot
    View details
    1614 Us Hwy 31st N
    MOTEL

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

    Estimated value:
    $615,000
    22,428 sqft 1.12 AC lot
    View details
    1942 Us Hwy 31st N
    HOTEL

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

    Estimated value:
    $395,000
    3,990 sqft 1.72 AC lot
    View details
    2227 Us Hwy 31st N
    HOTEL

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

    Estimated value:
    $1,210,000
    4,424 sqft 0.65 AC lot
    View details
    2300 Us Hwy 31st N
    MOTEL

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

    Estimated value:
    $1,805,000
    9,488 sqft 1.89 AC lot
    View details
    2215 Us Hwy 31st N
    HOTEL

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

    Estimated value:
    $2,595,000
    13,302 sqft 0.63 AC lot
    View details
    1489 Us Hwy 31st N
    MOTEL

    1489 Us Hwy 31st N, Traverse City, MI 49686-3636

    Estimated value:
    $2,225,000
    16,221 sqft 1.61 AC lot
    View details
    2345 Us Hwy 31st N
    HOTEL

    2345 Us Hwy 31st N, Traverse City, MI 49686-3755

    Estimated value: by Request
    2.24 AC lot
    View details
    300 State St
    HOTEL

    300 State St, Traverse City, MI 49684-2517

    Estimated value: by Request
    103,000 sqft 4.77 AC lot
    View details
    4482 Spider Lk Rd
    MOTEL

    4482 Spider Lk Rd, Traverse City, MI 49696-9290

    Estimated value:
    $2,045,000
    7,208 sqft 0.80 AC lot
    View details
    360 Munson Ave
    MOTEL

    360 Munson Ave, Traverse City, MI 49686-3064

    Estimated value: by Request
    9,855 sqft 0.81 AC lot
    View details
    894 Munson Ave
    MOTEL

    894 Munson Ave, Traverse City, MI 49686-3602

    Estimated value:
    $350,000
    2,652 sqft 1.22 AC lot
    View details

    Traverse City, MI Hospitality Properties Market Trends and Statistics

    Explore 56 hospitality properties for sale in Traverse City, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 48,533 square feet of properties for sale, with an estimated market value of $13,890,000.

    Sale prices for hospitality properties in Traverse City, MI start at $2,950,000, averaging $3,472,500, 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

    Bed & breakfasts 5
    Hotels 5
    Campgrounds 2
    Motels 2
    Resorts 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
    49696 $3.4M
    49686 $4.2M

    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)

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Browse Hospitality properties for Sale Near Traverse City, MI

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    Most Searched ZIP Codes in Traverse City, MI

    • 49686
    • 49696

    Featured Traverse City Real Estate Agencies

    Realmo connects you with licensed Traverse City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Wentworth Real Estate Group
    300 Front St. Traverse City, MI 49684
    Phone: (231) 735-3435
    https:www.johnwentworthgroup.com
    Re/max Bayshore Properties
    500 South Union St. Traverse City, MI 49684
    Phone: (231) 941-5600
    Keller Williams Northern Michigan
    830 E. Front Street, Suite 110 Traverse City, MI
    Phone: (231) 947-8200
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