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Multi-Building Hotel Property
For Sale
$4,200,000

1757 N Manitou Trail, Leland, MI 49654

Commercial, Leland, MI

Property Size9,244 SF
Lot Size4.33 Acres
Price / SF$454.35
Days on Market52

Property Features for 1757 N Manitou Trail

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Residential, Commercial, Motel/Hotel
Bathrooms 20
Full bathrooms 20
Rooms Bathroom 15, Bathroom 11, Bathroom 2, Bathroom 4, Bathroom 18, Bathroom 17, Bathroom 6, Bathroom 14, Bathroom 16, Bathroom 9, Bathroom 7, Bathroom 3, Bathroom 10, Bathroom 1, Bathroom 20, Bathroom 8, Bathroom 12, Bathroom 5, Bathroom 13, Bathroom 19
Parking 28
Parking features Assigned
Exterior features Wood, Shingle
Directions From Suttons Bay go west on M-204, N on M-22 to location on left 1 mile south of town of Leland.
Subdivision Leelanau
Standard status Active
Size 9,244 SF
Lot size 4.33 Acres

Taxes and HOA fees

Tax Description Lengthy Legal See Survey
Legal Description Lengthy Legal See Survey

Utilities

Water source Private
Water front 1

Building Details

Building materials Frame
Roof type Membrane, Asphalt
Listing Agency: Key Realty One-TC
Listed By: Drew Warner
Added: Aug 6 Changed: Sep 14 Last Checked: Sep 26 at 9:06AM
MLS# 1948995

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This hospitality property includes five buildings totaling 9,244 square feet on 4.33 acres. The operation includes 18 short-term rental units, while the historic 1906 main lodge provides innkeeper quarters, a central office, and a gift shop. Frame construction, wood and shingle exteriors, asphalt and membrane roofing, assigned parking, and a private water source are among the existing improvements.

Located at 1757 N Manitou Trail in Leland, Michigan, the property has views of North Lake Leelanau and 200 feet of private frontage across the road from the lake. Kayak and paddle board rentals are offered at the waterfront. Current operations run from mid-April through late October, with a prior operating history extending through all 12 months.

Key Highlights

  • Five buildings totaling 9,244 square feet
  • 18 short‑term rental units across the property
  • 4.33‑acre hospitality property in Leland, Michigan

Property Analytics

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Current Use

Hotels

Suggested Use

Top Pick Building Supply Garden Center (Bike/Boat/Book/etc) Store Travel Agency Spa & Massage Center Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 49654, MI

689
Population
675
Households
1
Avg Household Size
56
Median Age
61%
College-Educated
100%
High-School Grad
11.7 sq mi
ZIP Area
59
Density / Sq Mi
$119,107
Median Household Income
$33,958
Median Earnings
$691,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Hotel - Hospitality property combining short-term lodging, an innkeeper residence, office space, and seasonal recreational rentals.
Where is this hotel located?
The property is located at 1757 N Manitou Trail Leland, MI.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Five buildings totaling 9,244 square feet; 18 short‑term rental units across the property; 4.33‑acre hospitality property in Leland, Michigan
More about this property
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