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    1757 N Manitou Trl Leland, MI 49654

    For Sale
    $5,600,000

    Bed & Breakfast,Other - 2 Story,Lodge,Cottage,Bed & Breakfast,1 Story

    Property size:
    9,244 SF
    Lot size:
    4.33 Acres
    Days on Market:
    299
    Last Refresh:
    Dec 4 at 11:06 pm

    Property Features for 1757 N Manitou Trl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Skylight(s)
    Zoning
    Residential,Commercial,Rental History
    Parking
    2
    Interior features
    Skylight(s), Hardwood Floors, Great Room, Breakfast Nook, Workshop, Water Softener
    Appliances
    Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
    Size
    9,244 SF
    Lot size
    4.33 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Baseboard, Forced Air, Hot Water (Heating)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Floors in Building
    2
    Number of units
    19
    Roof type
    Asphalt, Membrane
    Architectural style
    Cottage

    Key Realty One-TC (517) 827-2120 [email protected]

    Listing agent Drew Warner (517) 827-2120

    Listing date Feb 10, 2025

    MLS# 1929994 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Leelanau County Investment Opportunity

    Located one mile south of historic Leland, Michigan, in Leelanau County, this investment property features five buildings totaling 9,244 square feet on 4.33 acres. Currently operating as a profitable hotel with an average of 4.8-star reviews, the property includes 18 short-term rental units and 200 feet of private frontage across the road on North Lake Leelanau. The property offers world-class lake views. The historic 1906 main lodge serves as the innkeeper's quarters and a main office/gift shop. Kayak and paddleboard rentals are offered at the lakefront. The property is zoned for residential, commercial, and rental history uses. The current operating schedule is from mid-April to late October. Note that all 2025 bookings must be honored.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Hotel & Motel Garden Center Pawn Shop Travel Agency Nursing Home Assisted Living Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leland
    County
    Leelanau
    State
    Michigan
    Longitude
    -85.766627
    Latitude
    45.007361

    Nearby Similar for Sale

    • $5,600,000
      9,244 SF

      Iconic Leelanau County Investment Opportunity

      Profitable hotel with lake views and private lake frontage.
      1757 N Manitou Trl, Leland, MI 49654
      View Details
    • $5,600,000
      9,244 SF

      Leland Lakefront Hotel Investment

      Iconic Leelanau County Hotel, 18 Units
      1757 Manitou Trl, Leland, MI 49654
      View Details

    FAQs

    What type of property is this?
    Hotel - Profitable hotel with lake views and private lake frontage.
    Where is this hotel located?
    The property is located at 1757 N Manitou Trl Leland, MI.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: - Profitable hotel with 18 short-term rental units and excellent 4.8-star average reviews.; - Enjoy 200 ft of private frontage on North Lake Leelanau with kayak and paddle board rentals.; - Located in coveted Leelanau County, just one mile south of historic Leland, Michigan.
    (517) 827-2120
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1757 N Manitou Trl Leland, MI 49654
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