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Restored Victorian Bed & Breakfast
New
For Sale
$4,260,000

18599 Mission Road, Traverse City, MI 49686

Multi-Family, 2 Story, Bed & Breakfast, Traverse City, MI

Property Size5,644 SF
Lot Size10.86 Acres
Price / SF$754.78
Days on Market1

Property Features for 18599 Mission Road

General Information

Property type Residential Multi Family
Property subtype Other
Interior features Great Room, Breakfast Nook, Foyer Entrance
Exterior features Bay View, Countryside View
Elementary school district Traverse City Area Public Schools
Middle school district Traverse City Area Public Schools
High school district Traverse City Area Public Schools
Directions Center Road to Old Mission Rd to Mission Road
Subdivision Grand Traverse
Standard status Active
Size 5,644 SF
Lot size 10.86 Acres

Taxes and HOA fees

Tax Description see associated docs
Legal Description see associated docs

Utilities

Water source Private

Amenities

covered porch

Building Details

Year built 1865
Floors in Building 2
Number of units 13
Building materials Frame
Roof type Asphalt
Architectural style Other
Listing Agency: Berkshire Hathaway Homeservices - TC
Listed By: Kenneth Weaver · License #6501310917
Added: Aug 21 Last Checked: Aug 21 at 1:06PM
MLS# 1949598

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.

Built in 1865, this 5,644-square-foot bed and breakfast occupies approximately 10.86 acres at 18599 Mission Road in Traverse City, Michigan. The frame property includes 13 guest rooms, 11 baths, a commercial kitchen, dining areas, a great room, breakfast nook, foyer entrance, and a large covered porch. Private water service and an asphalt roof are also in place.

The property includes the Mission Bay Cafe, which is open to the public. Bay and countryside views add to the setting, with Lake Michigan views noted among the property features. The layout provides an established hospitality configuration with guest accommodations, food-service space, and common areas under one roof.

Key Highlights

  • 5,644‑square‑foot bed and breakfast on approximately 10.86 acres
  • 13 guest rooms and 11 baths
  • Commercial kitchen with dedicated dining areas

Property Analytics

Current Use

Old Mission Inn Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Restaurant Grocery & Convenience Store Food Market Hotel & Motel

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

27
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49686, MI

25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Bed & breakfast - Guest accommodations pair dining areas with a commercial kitchen and covered porch.
Where is this bed & breakfast located?
The property is located at 18599 Mission Road Traverse City, MI.
What is the asking price?
The asking price for this property is $4,260,000.
What are key features of this property?
This property features: 5,644‑square‑foot bed and breakfast on approximately 10.86 acres; 13 guest rooms and 11 baths; Commercial kitchen with dedicated dining areas
More about this property
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