Property profile

1757 N Manitou Trl Leland, MI 49654

FOR SALE
Commercial real estate
Property ID
US43-3743755
5.36 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a profitable, established hotel in desirable Leelanau County, Michigan. Situated just one mile south of historic Leland, the property boasts five buildings encompassing 9,244 square feet on a 4.33-acre lot. Eighteen short-term rental units generate substantial revenue, supported by an average 4.8-star guest rating. The property includes 200 feet of private frontage across the road on North Lake Leelanau, offering breathtaking lake views and access to recreational activities such as kayak and paddleboard rentals (currently offered). The main lodge, a historic 1906 structure, serves as the innkeeper's residence, main office, and gift shop. The current operational period runs from mid-April to late October. This turnkey operation offers a rare combination of established profitability, stunning location, and significant potential for future growth. Detailed financial records and a comprehensive list of property and building improvements are available to qualified buyers upon request. The property's prime location and exceptional amenities make it an ideal investment for discerning buyers seeking a high-return, established business in a sought-after tourist destination. This is a truly unique opportunity to acquire a well-regarded and profitable hospitality business with significant upside potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 5.36 ac (233,482 SF)
APN 009-016-052-00
UPID US43-3743755

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1757 N Manitou Trl Leland, MI 49654
Leland metro Census 970300 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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