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    18599 Mission Rd Traverse City, MI 49686

    For Sale
    $4,700,000

    2 Story,Bed & Breakfast - Bed & Breakfast,2 Residences / 1 Lot,Other

    Property size:
    5,644 SF
    Lot size:
    10.85 Acres
    Days on Market:
    163
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 18599 Mission Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Parking features
    Other
    Interior features
    Great Room, Breakfast Nook, Foyer Entrance, Other
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
    Size
    5,644 SF
    Lot size
    10.85 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Floors in Building
    2
    Number of units
    13
    Roof type
    Asphalt
    Architectural style
    Other

    Re/max Bayshore Properties (231) 941-5600 [email protected]

    Listing agent Alexandra Burris (231) 941-4500

    Listing date Jun 26, 2025

    MLS# 1935650 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

    Historic Old Mission Inn Opportunity

    This landmark commercial opportunity on Old Mission Peninsula is available for the first time in decades. The historic Old Mission Inn offers a chance to acquire a piece of Northern Michigan heritage. Located at the tip of the peninsula, steps from Haserot Beach, this property has served as a retreat and a cornerstone of the Old Mission community since 1869, making it the oldest continuously operating hotel in the state of Michigan. Set on 10.85 acres, the property features guest accommodations, gathering areas, a café with a fully operational commercial kitchen, and original architectural elements. The Inn is suited for continued hospitality use or special event hosting, especially as a wedding venue. The sale includes all furnishings, a separate 5-bed, 2-bath home, multiple barns and pole buildings, and a 40’ x 100’ event tent. An existing liquor license is also included in the sale. The property is located 20 minutes from downtown Traverse City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Old Mission Inn Hotel

    Suggested Use

    Restaurant Realty agency Hotel & Motel Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.491196
    Latitude
    44.959099

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    FAQs

    What type of property is this?
    Hotel - Iconic Northern Michigan Inn on 10.85 acres near Traverse City.
    Where is this hotel located?
    The property is located at 18599 Mission Rd Traverse City, MI.
    What is the asking price?
    The asking price for this property is $4,700,000.
    What are key features of this property?
    This property features: - Historic Landmark: Oldest continuously operating hotel in Michigan (since 1869) with documented history and memorabilia.; - Prime Location: Situated on 10.85 acres at the tip of Old Mission Peninsula, steps from Haserot Beach and near vineyards.; - Short-Term Rental Opportunity: One of the only properties on the peninsula offering short-term rentable rooms.
    (231) 941-4500
    Request Owner's contact information
    18599 Mission Rd Traverse City, MI 49686
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    Traverse City, MI 49686
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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
    18599 Mission Rd Traverse City, MI 49686
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