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Historic Traverse City Inn
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230 Wellington St, Traverse City, MI 49686

Legacy property in Traverse City, a meticulously restored, successful Inn.

Property Size12,762 SF
Price / SF$313.04
Days on Market1141

Property Features for 230 Wellington St

General Information

Standard status Active
Size 12,762 SF
Property subtype Hospitality

Building Details

Year Built 1900
Listing Agency: Cygnus Real Estate
Listed By: Carole Higgins · License #MI 6502370294
Source: Crexi
Added: Jun 23, 2023 Changed: Jul 6 Last Checked: Aug 4 at 12:05PM

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

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

Wellington Inn Bed & Breakfast

Suggested Use

Top Pick Plumbing Service Grocery & Convenience Store Butcher (Bike/Boat/Book/etc) Store HVAC Service Barber Shop

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

Location Intelligence

Trade Area within ½ mile

1,914
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market 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

Frequently Asked Questions

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 $3,995,000.
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.
(231) 633-2577 Call to check price and availability
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