1757 Manitou W Trl, Leland, MI 49654-9719
This exceptional investment opportunity presents a profitable, established hotel in desirable Leelanau County, Michigan. Situated just one mile south of historic Leland, the property boasts five buildings encompassing 9,244 square feet on a 4.33-acre lot. Eighteen short-term rental units generate substantial revenue, supported by an average 4.8-star guest rating. The property includes 200 feet of private frontage across the road on North Lake Leelanau, offering breathtaking lake views and access to recreational activities such as kayak and paddleboard rentals (currently offered). The main lodge, a historic 1906 structure, serves as the innkeeper's residence, main office, and gift shop. The current operational period runs from mid-April to late October. This turnkey operation offers a rare combination of established profitability, stunning location, and significant potential for future growth. Detailed financial records and a comprehensive list of property and building improvements are available to qualified buyers upon request. The property's prime location and exceptional amenities make it an ideal investment for discerning buyers seeking a high-return, established business in a sought-after tourist destination. This is a truly unique opportunity to acquire a well-regarded and profitable hospitality business with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.