For Sale
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Property summary
This exceptional investment opportunity presents the chance to acquire the Old Mission Inn, a beautifully restored historic Victorian Inn located on the Old Mission Peninsula in Traverse City, Michigan. The property includes 13 unique guest rooms and 11 baths, a large covered porch, multiple elegant dining spaces, and a spacious commercial kitchen. The sale also encompasses the Mission Bay Cafe, a well-established bar and restaurant with potential for expansion into fine dining or a beer garden. Boasting breathtaking Lake Michigan views, the Inn is situated in the heart of the renowned wine region, offering guests an unforgettable experience. The property sits on over 10 acres and features a full liquor license, making it ideally suited for weddings, events, and other special occasions. With a 10% cap rate and an asking price of $5,000,000, this Class A property presents a rare opportunity to own an iconic establishment with established business and significant upside potential. The property is a successful historical inn and bar/restaurant with endless possibilities for expansion and diversification. The existing infrastructure supports a full-service bar and restaurant, with potential for a beer garden and takeout options. The commercial kitchen and numerous dining areas are well-suited for hosting events and weddings. This is a truly unique opportunity to own a piece of Michigan history and capitalize on the thriving tourism and hospitality industry in the Traverse City area.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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