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    Traverse City, MI Hotels for Sale

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    Cedar, MI Williamsburg, MI Acme, MI Grawn, MI Suttons Bay, MI Interlochen, MI Kingsley, MI Maple City, MI
    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
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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 18 Potential Opportunities for your consideration. Besides 1 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 2 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.

    21-Room Motel with Residence
    21-Room Motel with Residence

    4290 S W Bay Shore Drive, Suttons Bay, MI 49682

    $2,390,000
    9,729 sqft 4.10 AC lot

    Lodging accommodations include an owner or caretaker residence for convenient on-site management.

    View details
    Multi-Building Hotel Property
    Multi-Building Hotel Property

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft 4.33 AC lot

    Hospitality property combining short-term lodging, an innkeeper residence, office space, and seasonal recreational rentals.

    View details
    Hotel Property with Lake Views
    Hotel Property with Lake Views

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft 4.33 AC lot

    Hospitality property with multiple buildings, short-term rental accommodations, and private frontage across the road from North Lake Leelanau.

    View details
    21-Room Bay-View Hotel
    21-Room Bay-View Hotel

    4290 S West Bay Shore Drive, Suttons Bay, MI 49682

    $2,390,000

    Established lodging property with varied accommodations, outdoor space, and an onsite owner or caretaker residence.

    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 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

    Three-lot parcel combines vacant land with an existing office building and on-site parking.

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    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.

    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.

    230 Wellington St
    Hotels

    230 Wellington St, Traverse City, MI 49686

    Estimated value: by Request
    12,762 sqft 0.51 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
    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
    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
    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
    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
    615 Frnt St
    HOTEL

    615 Frnt St, Traverse City, MI 49686-2617

    Estimated value: by Request
    123,544 sqft 3.93 AC lot
    View details

    Traverse City, MI Hotels Market Trends and Statistics

    Explore 12 hotels for sale in Traverse City, MI on our real estate platform. These investment opportunities span a total of 11,807 square feet of properties for sale, with an estimated market value of $3,995,000.

    Sale prices for resorts in Traverse City, MI average $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

    Hotels 5
    Resorts 5
    Motels 4
    Campgrounds 3
    Bed & breakfasts 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
    49686 $4.2M
    49696 $4.3M

    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.

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    Most Searched ZIP Codes in Traverse City, MI

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    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.

    Re/max Bayshore Properties
    500 South Union St. Traverse City, MI 49684
    Phone: 12319415600
    Keller Williams Northern Michigan
    830 E. Front Street, Suite 110 Traverse City, MI
    Phone: 12319478200
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