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$ 4,750,000

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1757 N Manitou TRL Leland, MI 49654

4.33 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Subdivision Whaleback Inn

MLS Listing ID 78080053399

Year Built 1906

Lot Size 4.330 Acres

Acres 4.33

Property Sub-Type MultiFamily

Property Description

Say hello to an amazing and iconic investment opportunity in coveted Leelanau County, one mile south of historic Leland, Michigan. 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. Please note that all 2026 bookings must be honored. 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

County Leelanau

Area Area45021Lelandtwp

Rooms

Basement Partial

Interior

Heating Baseboard, Electric, Forced Air, Hot Water, Natural Gas, Wall Furnace

Cooling Exhaust Fan, Wall Window Units

Flooring Hardwood

Fireplaces Type WoodBurningStove

Fireplace No

Exterior

Waterfront Description AllSportsLake, DockFacilities, WaterAccessRights, Waterfront

View Y/N No

Building

Lot Description WaterView, Sprinklers

Foundation Basement, CrawlSpace, Slab, Stone

Sewer Septic Tank

Water Well

New Construction No

Schools

School District Leland

Others

Acceptable Financing Cash, Trade1031Exchange

Listing Terms Cash, Trade1031Exchange

Special Listing Condition CorporateRelocation

Listed by Drew Warner of Key Realty One-TC

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1757 N Manitou TRL Leland, MI 49654

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1757 N Manitou TRL