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    Traverse City, MI
    Wedding Venue

    Traverse City, MI Wedding Venues for Sale

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    Multifamily Property with Multiple Barns
    Updated: Apr 30
    Multifamily Property with Multiple Barns

    55 S Hope Ridge, Traverse City, MI 49696

    $3,500,000
    15,383 sqft 40.39 AC lot
    40‑acre property about 8 minutes from downtown Traverse City, offering redevelopment potential for residential, commercial, or creative uses
    8 homes on site totaling over 16,000 sq ft, providing multiple living spaces and flexible configuration options
    Includes 4 large barns for storage and potential on‑site work or events use
    Designed for gatherings with capacity to hold over 80 guests
    Water provided by well; sewer is shared septic; roof is asphalt
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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

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    • Est. Cap Rate

      4.2%
      NOI ÷ price

    • Est. NOI

      $146K
      Annual

    • Price @ 7% Cap

      $2.09M
      Suggested

    • Property Type

      Vacant Commercial
      Built 1989
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    Event Center with 120-Seat Hall
    Updated: Jun 10
    Event Center with 120-Seat Hall

    1776 High Lake Road, Traverse City, MI 49696

    $1,399,000
    3,640 sqft 5.06 AC lot
    Event center in Traverse City, MI includes a 3,640 SF gathering hall plus a 3+ BR, 2 BA residence on 5 acres
    Main hall seats 120 and the Spruce Room is rated for an additional 28
    Modern renovated venue ready for parties, presentations, and performances
    Many uses allowed; duplexes and single‑family homes are permitted uses
    Pine Hall can be sold without the house with a $400,000 reduction
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    Retreat and Wedding Venue Property
    Retreat and Wedding Venue Property

    55 S Hope Ridge, Traverse City, MI 49696

    $3,500,000
    16,208 sqft 40.76 AC lot

    A 40-acre campus with multiple homes and barns, positioned about eight minutes from downtown for event and retreat uses.

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    Renovated Event Center with Residence
    Renovated Event Center with Residence

    1776 High Lake Road, Traverse City, MI 49696

    $1,399,000
    3,640 sqft 5.00 AC lot

    Modern Pine Hall event venue with a 3640 gathering hall, seating for 120, and an on-site 3+ bedroom residence.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 5 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.

    Multi-Building Restaurant and Event Property
    Multi-Building Restaurant and Event Property

    916 S Mitchell Street, Cadillac, MI 49601

    $595,000
    6,850 sqft 2.25 AC lot

    Three-building property includes a restaurant kitchen with seating and a renovated greenhouse event center plus storage pole building.

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    Cadillac Commercial Property with Event Center
    Cadillac Commercial Property with Event Center

    916 S Mitchell Street, Cadillac, MI 49601

    $595,000
    4,000 sqft 2.25 AC lot

    Three buildings on 2.25 acres with event center.

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    Waterfront Multi-Use Investment Opportunity
    Waterfront Multi-Use Investment Opportunity

    204 Water St, East Jordan, MI 49727

    $4,999,000
    3.40 AC lot

    3.4 acres with 360' Lake Charlevoix waterfront, prime location.

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    Multi-Use Waterfront Property
    Multi-Use Waterfront Property

    204 Water Street, East Jordan, MI 49727

    $4,999,000
    19,845 sqft 3.40 AC lot

    Eight parcels totaling 3.4 acres with 360 feet of Lake Charlevoix waterfront, including event, warehouse, rentals, and office/retail buildings.

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    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.

    Waterfront Land with Shared Frontage
    Waterfront Land with Shared Frontage

    Timberlee Drive, Traverse City, MI 49684

    $2,900,000
    100.18 AC lot

    Large waterfront parcel with multiple potential building sites and shared Lake Leelanau frontage.

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    Scenic Land Parcel in Sturgeon
    Scenic Land Parcel in Sturgeon

    N Duluth Ave, Sturgeon Bay, WI 54235

    $400,000
    3.49 AC lot

    East-facing land with seasonal water views and development potential.

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    Vacant Land Near Water Feature
    Vacant Land Near Water Feature

    890 Avis Dr, Ann Arbor, MI 48108

    $499,000
    3.85 AC lot

    3.85 acres of commercial land with development potential.

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    Galena Land For Sale
    Galena Land For Sale

    US Rt 20 W lot: 3, Galena, IL 61036

    $252,000
    1.75 AC lot

    1.75 acres in Galena, Illinois, near Gateway Park.

    View details

    Traverse City, MI Wedding Venues Market Trends and Statistics

    Explore 5 wedding venues for sale in Traverse City, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 38,871 square feet of properties for sale, with an estimated market value of $13,298,000.

    Sale prices for event centers in Traverse City, MI start at $1,399,000, averaging $2,659,600, and reaching up to $3,500,000 — 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

    NNN properties 14
    Aviation real estate 11
    Wedding venues 8
    Day care centers 7
    Churches & religious facilities 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 $2.7M
    49686 $4.3M

    Taxes & Financing

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

    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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