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Empire, MI Hotels for Sale

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Glen Arbor, MI Honor, MI Lake Ann, MI Maple City, MI Traverse City, MI Interlochen, MI Cedar, MI Beulah, MI
Glen Lake Manor Redevelopment Opportunity
Updated: Sep 10, 2025
Glen Lake Manor Redevelopment Opportunity

7345 W Glenmere Road, Empire, MI 49630

$2,295,000
3 sqft
172' of sandy Glen Lake frontage on 5 wooded acres.
Special Use Permit finalized in Nov 2024 allows for 9 en‑suite guest rooms, 1 manager/owner suite, a 50‑seat restaurant, a 20‑seat lounge, and use of 3 rental cottages.
Operating since 1906 with a rich history as a host to lumbermen, vacationers, diners, and wedding guests.
2005 restoration of kitchen, dining area, restrooms, and office space.
All buildings received new roofs in 2021.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Empire, 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.

Motel with Standalone Cottages
Motel with Standalone Cottages

4871 US Highway 31 N, Central Lake, MI 49622

$1,850,000
5,654 sqft 2.76 AC lot

Updated in 2016 with new cottages and remodeled motel rooms, plus on-site living space and guest parking.

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Two-Property Limited-Service Hotel Portfolio
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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Historic Inn Estate with Apartments
Historic Inn Estate with Apartments

230 Wellington, Traverse City, MI 49686

$3,995,000
11,807 sqft 0.51 AC lot

Operating inn with 9 guest rooms, plus carriage house apartments and original stables with room to expand.

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Hotel and Cottage Property
Hotel and Cottage Property

Central Lake, MI 49622

$1,850,000

Updated in 2016 with six new standalone cottages and refreshed motel rooms, plus an on-site 2-bedroom living area.

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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.

Waterfront Buildable Land
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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Commercial Land with Existing Office
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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Development Land Parcel
Development Land Parcel

7801 S US-131, Cadillac, MI 49601

$540,000
12.00 AC lot

12-acre parcel zoned residential near US-131 access, with a livable home and surrounding commercial and office/service uses.

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Commercial Land with Utilities Available
Commercial Land with Utilities Available

W M-76, West Branch, MI 48661

$200,000
4.24 AC lot

Commercially zoned land with natural gas and municipal water, with sewer nearby, suited for hospitality or office development.

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Empire, MI Hotels Market Trends and Statistics

Explore 1 hotels for sale in Empire, MI on our real estate platform. These investment opportunities span a total of 3 square feet of properties for sale, with an estimated market value of $2,295,000.

Sale prices for resorts in Empire, MI average $2,295,000 — 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 1
Hotels 1

Demographics Overview

Population 1,484
Population Growth (5Y) +6.2%
Median Household Income $101,875
College Educated 80.4%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
49630 $2.3M

Taxes & Financing

Tax Rate (average for all types) 2.45%
Tax Rate vs County Average 0.20 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Leelanau County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Leelanau County

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