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

1757 N Manitou Trl, Leland, MI 49654

Hospitality property with short-term lodging, a historic lodge, guest services, and recreational rental operations.

Property Size9,244 SF
Price / SF$454.35
Days on Market27

Property Features for 1757 N Manitou Trl

General Information

Standard status Active
Size 9,244 SF
Property subtype Commercial

Additional Details

Multifamily Units 18

Amenities

gift shop
kayak and paddle board rentals

Building Details

Year Built 1906
Buildings 5
Listing Agency: Key Realty One-TC
Listed By: Drew Warner
Source: Vmrealestatemichigan
Added: Aug 2 Changed: Aug 28 Last Checked: Aug 25 at 8:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key Realty One-TC

Investment Insights

Based on property information with market context.

This hospitality property comprises five buildings totaling 9,244 square ft and includes 18 short-term rental units. The 1906 main lodge houses innkeeper quarters, the primary office, and a gift shop. The property is operated as a hotel, with kayak and paddle board rentals offered at the lakefront. Its current operating season runs from mid-April through late October, while prior operations extended across all 12 months.

The property encompasses 4-plus acres in Leland Township with world-class lake views and 200 ft of private frontage across the road on North Lake Leelanau. Zoning is identified as Commercial, Residential. Building and property improvements, along with financial information, are available upon request.

Key Highlights

  • Five buildings totaling 9,244 square ft
  • 18 short‑term rental units
  • 4‑plus acres with 200 ft of private frontage across the road on North Lake Leelanau

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Travel 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

Location Intelligence

Trade Area within ½ mile

10
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Hospitality property with short-term lodging, a historic lodge, guest services, and recreational rental operations.
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 $4,200,000.
What are key features of this property?
This property features: Five buildings totaling 9,244 square ft; 18 short‑term rental units; 4‑plus acres with 200 ft of private frontage across the road on North Lake Leelanau
More about this property
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