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    Traverse City, MI
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    Traverse City, MI Hotels for Sale

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    Historic Inn with Carriage House Apartments
    Updated: Jun 20, 2023
    Historic Inn with Carriage House Apartments

    230 Wellington, Traverse City, MI 49686

    $3,995,000
    11,807 sqft 0.51 AC lot
    9 guest rooms and 15 bathrooms
    Carriage house has two separate 2‑bedroom apartments with kitchens
    In‑unit washer and dryer in each carriage house apartment
    15,918 square feet including unfinished basement and carriage house lower level
    0.51‑acre lot
    View details
    Two-Property Limited-Service Hotel Portfolio
    Updated: Apr 6
    Two-Property Limited-Service Hotel Portfolio

    1492 US-31, Traverse City, MI 49686

    Contact for pricing
    55,556 sqft
    Two‑property limited‑service hotel portfolio totaling 117 guestrooms in Traverse City, Michigan
    Portfolio located along the shores of Lake Michigan’s Grand Traverse Bay
    Traverse City tourism demand includes the National Cherry Festival and a wine industry with 40+ wineries on the Old Mission and Leelanau Peninsulas
    Consistent baseline demand supported by employers including Munson Medical Center and Northwestern Michigan College
    Accessibility via Cherry Capital Airport (TVC) supports year‑round travel demand
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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 19 Potential Opportunities for your consideration. Besides 2 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.

    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 lodging units, and private frontage on North Lake Leelanau.

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    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 comprising multiple buildings and short-term lodging units near North Lake Leelanau.

    View details
    Glen Lake Manor Redevelopment Opportunity
    Glen Lake Manor Redevelopment Opportunity

    7345 W Glenmere Road, Empire, MI 49630

    $2,295,000
    3 sqft

    Historic Glen Lake Manor on 5 wooded acres with frontage.

    View details
    Lakefront Hotel Property With Restaurant
    Lakefront Hotel Property With Restaurant

    7345 W Glenmere Road, Empire, MI 49630

    $1,895,000
    3,189 sqft 5.00 AC lot

    Hotel property with lake frontage, restaurant facilities, guest rooms, and separate cottage accommodations.

    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

    0.63-acre parcel with three lots, including an existing office building and two vacant lots on US-31.

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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.

    18599 Mission Rd
    Hotels

    18599 Mission Rd, Traverse City, MI 49686

    Value Estimation by Request
    View details
    1 Northern Michigan
    Hotels

    1 Northern Michigan, Traverse City, MI 49686

    Value Estimation by Request
    View details
    230 Wellington St
    Hotels

    230 Wellington St, Traverse City, MI 49686

    Value Estimation 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

    Value Estimation 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

    Value Estimation 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

    $395,000
    Estimated value
    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

    $1,210,000
    Estimated value
    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

    $2,595,000
    Estimated value
    13,302 sqft 0.63 AC lot
    View details
    2345 Us Hwy 31st N
    HOTEL

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

    Value Estimation by Request
    2.24 AC lot
    View details
    300 State St
    HOTEL

    300 State St, Traverse City, MI 49684-2517

    Value Estimation by Request
    103,000 sqft 4.77 AC lot
    View details
    615 Frnt St
    HOTEL

    615 Frnt St, Traverse City, MI 49686-2617

    Value Estimation by Request
    123,544 sqft 3.93 AC lot
    View details

    Traverse City, MI Hotels Market Trends and Statistics

    Explore 13 hotels for sale in Traverse City, MI on our real estate platform. These investment opportunities span a total of 67,363 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

    Resorts 7
    Hotels 5
    Motels 5
    Bed & breakfasts 2
    Campgrounds 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

    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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