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    Traverse City, MI Resorts for Sale

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    Retreat and Wedding Venue Property
    Updated: Apr 27
    Retreat and Wedding Venue Property

    55 S Hope Ridge, Traverse City, MI 49696

    $3,500,000
    16,208 sqft 40.76 AC lot
    40‑acre property just 8 minutes from downtown Traverse City
    8 homes totaling over 16,000 SF
    4 large barns on the property
    Holds capacity for over 60 guests
    Water from private well; sewer via shared septic
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    This listing looks promising.

    Here's a quick look at some key insights for

    55 S Hope Ridge, Traverse City, MI 49696-5928

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $122K
      Annual

    • Price @ 7% Cap

      $1.74M
      Suggested

    • Property Type

      Vacant Commercial
      Built 1989
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    Four-Season Resort With River Frontage
    Updated: Sep 15, 2025
    Four-Season Resort With River Frontage

    6841 Brown Bridge Road, Traverse City, MI 49696

    $3,500,000
    10,404 sqft 40.00 AC lot
    40‑acre resort in the Boardman Valley along the Boardman River with 1,300 ft of private river frontage
    15 motel units plus a private house
    Full‑service restaurant with seating for 147 guests and liquor license
    Event and group spaces include a 55‑person meeting room and a pavilion/game room for 113 people
    25 campsites with restroom/shower buildings and a canoe, kayak, and inner‑tube livery
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    Northern Michigan Resort Opportunity
    Northern Michigan Resort Opportunity

    2960 Arbutus Hill Road, Traverse City, MI 49696

    $3,800,000
    36.50 AC lot

    Own a resort near Traverse City with rental units.

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    Four-Season Resort with River Frontage
    Four-Season Resort with River Frontage

    6841 Brown Bridge Road Unit SourceFi, Traverse City, MI 49696

    $3,500,000
    10,404 sqft 40.00 AC lot

    Four-season resort offering 15 motel units, restaurant with liquor license, campsites, and 1,300 feet of private Boardman River frontage.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Resort with Furnished Rental Units
    Resort with Furnished Rental Units

    Traverse City, MI 49696

    $3,800,000
    36.00 AC lot

    Own a fully furnished resort operation with 19 rental units and a four-bedroom residence on a nature preserve setting.

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    Destination Wedding and Retreat Property
    Destination Wedding and Retreat Property

    Traverse City, MI 49696

    $3,500,000

    A 40-acre hospitality property with eight homes, four large barns, and capacity for over 60 guests.

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    Four-Season Resort with Riverfront
    Four-Season Resort with Riverfront

    Traverse City, MI 49696

    $3,500,000

    Four-season resort offering motel lodging, full-service restaurant, event space, and private Boardman River frontage.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 7 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Store,Recreational/Resort,Bed & Breakfast - Honor, MI
    Retail Store,Recreational/Resort,Bed & Breakfast - Honor, MI

    11481 Main St, Honor, MI 49640

    $750,000
    3,715 sqft 10.00 AC lot

    Cedar Ridge Cabins – Turnkey 8-Unit Cabin Resort on Nearly 10 Acres with Expansion Potential in Honor, Michigan

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    Private Campus Lodge and Buildings
    Private Campus Lodge and Buildings

    3943 N Skookum Road, Luther, MI 49656

    $5,900,000
    22,755 sqft 668.82 AC lot

    Private Northern Michigan campus includes a 12,500 sf lodge with suites, additional residential buildings, and supporting infrastructure.

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    Private Healthcare Campus Property
    Private Healthcare Campus Property

    3943 N Skookum Road, Luther, MI 49656

    $5,900,000
    22,755 sqft 668.82 AC lot

    Northern Michigan campus includes a lodge with 10 guest suites, additional residential buildings, and on-site infrastructure.

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    Cabin Resort with River Access
    Cabin Resort with River Access

    11481 Main Street, Honor, MI 49640

    $750,000
    3,715 sqft 4.98 AC lot

    8-cabin resort with private decks, WiFi, and direct Platte River access on nearly five acres.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Resort Homesite Land Parcel
    Wooded Resort Homesite Land Parcel

    207 Shadow Glen, Bellaire, MI 49615

    Contact for pricing
    0.75 AC lot

    Build a private home on a wooded homesite with a perk test on file and key utilities available.

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    Golf Course Lot in Gaylord
    Golf Course Lot in Gaylord

    Par B-C Northstar Road, Gaylord, MI 49735

    $45,000
    2.00 AC lot

    2-acre golf course lot with amenities near I-75.

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    Buildable Lot in Gated Community
    Buildable Lot in Gated Community

    526 Fountains Drive, Lewiston, MI 49756

    Contact for pricing

    Buildable lot in Garland Lodge and Golf Resort, Lewiston, MI.

    View details
    Waterfront Building Site in Canadian Lakes
    Waterfront Building Site in Canadian Lakes

    11585 Portstewart Drive, Canadian Lakes, MI 49346

    $65,900
    0.70 AC lot

    Building site in Tullymore Resort with lake frontage and amenities.

    View details

    Traverse City, MI Resorts Market Trends and Statistics

    Explore 7 resorts for sale in Traverse City, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 37,016 square feet of properties for sale, with an estimated market value of $25,100,000.

    Sale prices for resorts in Traverse City, MI start at $3,500,000, averaging $3,585,714, and reaching up to $3,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Resorts 8
    Hotels 4
    Motels 4
    Bed & breakfasts 3
    Campgrounds 3

    Demographics Overview

    Population 78K
    Population Growth (5Y) -35.5%
    Median Household Income $78,889
    College Educated 59.4%

    High-Yield Neighborhoods for Investment

    Identify Traverse City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49696 $3.6M

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $71.64 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grand Traverse County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Traverse City fall within the 100,000+ square foot range.

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