About 1757 N Manitou Trail
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.
Features of 1757 N Manitou Trail
| MLS® # | 78080072040 |
|---|---|
| Price | $4,200,000 |
| Acres | 0.00 |
| Year Built | 1906 |
| Type | ResidentialIncome |
| Sub-Type | MultiFamily |
| Status | Active |
Community Information
| Address | 1757 N Manitou Trail |
|---|---|
| Area | Area45021LelandTwp |
| Subdivision | WHALEBACK INN |
| City | LelandTownship_Leelanau |
| County | Leelanau |
| State | Michigan |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | Yes |
Interior
| Appliances | Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Range, Washer |
|---|---|
| Heating | Baseboard, Electric, ForcedAir, HotWater, NaturalGas, WallFurnace |
| Cooling | ExhaustFan, WallWindowUnits |
| Fireplace | Yes |
| Fireplaces | WoodBurningStove |
| Stories | One |
Exterior
| Lot Description | WaterView, Sprinklers |
|---|---|
| Construction | WoodSiding |
| Foundation | Basement, CrawlSpace, Slab, Stone |
School Information
| District | Leland |
|---|---|
| High | Leland |
Additional Information
| Zoning | Commercial,Residential |
|---|---|
| Foreclosure | Yes |
| Short Sale | Yes |
| RE / Bank Owned | Yes |
Listing Details
| Office | Key Realty One-TC |
|---|