230 Wellington St Traverse City, MI 49686
Legacy property in Traverse City, a meticulously restored, successful Inn.
Type:Hospitality
Property size:
12,762 SFPrice / SF:
$332/SF- Added:
- Jun 23, 2023
- Days on Market:
- 1047
- Last Refresh:
- Mar 16 at 12:56 pm
Property Features for 230 Wellington St
General Information
- Standard status
- Active
- Size
- 12,762 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1900
Listing agent Carole Higgins License #MI 6502370294
Listing office Cygnus Real Estate
Listing date Jun 23, 2023
Source Crexi
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 Cygnus Real Estate
Overview
Historic Traverse City Inn
This stately mansion, once owned by a Traverse City Lumber Baron family, has been transformed into a successful Inn. Originally a four-unit apartment building acquired in 1999, the property underwent a four-year restoration project, updating all mechanical systems, including plumbing, electrical, and HVAC, to modern standards. Structural work was minimal, focusing on the front porch and a portion of the roof. The interior design meticulously returned the mansion to its origins, with refinished wood floors, pocket doors, and moldings. Tile floors were cleaned and restored, and original wall coverings were cleaned and restored wherever possible. Local artists recreated lost portions of wall coverings through faux painting techniques. Light fixtures were collected to represent the lighting of the era, and furnishings were curated to match the neoclassical architecture. The Wellington Inn is located in a quiet city neighborhood on the east side of downtown Traverse City, two blocks off Front St, the main business district. It is within walking distance of restaurants, shops, public parks, and paved pedestrian and bicycle trails to Clinch Park beach and the Boardman River. Traverse City is a bustling tourist destination with farm-to-fork restaurants, boutiques, vineyards, beaches, and a hopping nightlife scene. The city is located at the head of the East and West arms of Grand Traverse Bay and borders East Bay, Elmwood, Garfield, and Peninsula townships. The Wellington Inn is a small elegant hotel ready for its next steward.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Wellington Inn
Bed & Breakfast
Similar Places Nearby
- Wellington Inn — 230 Wellington St, Traverse City, MI 49686
- Northern Home & Cottage — 125 Park St #155, Traverse City, MI 49684
- Oviatt House Bed and Breakfast — 244 E Eighth St, Traverse City, MI 49684
- Two Lower Level Apartments near Boardman Lake — E Eighth St #544, Traverse City, MI 49686
- Terrace Beach Motel — 841 E Front St, Traverse City, MI 49686
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.6138919
- Latitude
- 44.7620269
Nearby Similar for Sale
FAQs
What type of property is this?
Bed & breakfast - Legacy property in Traverse City, a meticulously restored, successful Inn.
Where is this bed & breakfast located?
The property is located at 230 Wellington St Traverse City, MI.
What is the asking price?
The asking price for this property is $4,240,000.
What are key features of this property?
This property features: Successful, established 5‑star Inn business with almost 20 years of operation, ready for a new owner.; **Meticulously restored historic mansion (built in 1900)** with updated mechanical systems and restored original features.; Prime location in Traverse City, a popular tourist destination.
