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Listed by Key Realty One-TC
$4,200,000
Est. payment /mo
20 Baths
9,244 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 9,244 sqft
Price per Sqft $454
MLS Listing ID 1948995
Year Built 1906
Lot Size 4.330 Acres
Acres 4.33
Property Sub-Type Hospitality
Property Description
Iconic investment property in Leland, Michigan, now offered at recently appraised value. Boasting five buildings totaling 9,244 square ft, 18 short term rental units, 4-plus beautiful acres, world class lake views and 200 ft of across-the-road private frontage on North Lake Leelanau, this is a stunning property currently run as a profitable hotel with an average of 4.8 star reviews. The historic 1906 main lodge functions as an innkeeper's quarters and main office/gift shop. Kayak and paddle board rentals are offered at the lakefront. The current operating schedule is mid April to late October but in the past the hotel has operated all 12 months. Detailed list of property and building improvements as well as financials are available upon request. Owner is a licensed real estate agent in the state of Michigan.
Location
State MI
Rooms
Basement Partial, Crawl Space
Interior
Heating Forced Air, Hot Water, Baseboard, Wall Furnace, Natural Gas
Exterior
Waterfront Description Private
Roof Type Asphalt,Membrane
Total Parking Spaces 28
Garage false
Building
Foundation Slab, Stone
Sewer Private Sewer
Water Private
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456