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Old Mission Inn and Mission Bay Cafe 18599 Mission Rd

13 Room Hotel Traverse City, MI 49686 $5,000,000 ($384,615/Room)

Investment Highlights

  • B & B, High End Dining and Drinks, wedding or event center, Traverse City Business Opportunity, Historical inn
  • Large commercial kitchen
  • Beer Garden
  • Wedding Venue with large outdoor tent, chairs, tables
  • High End Restaurant and Bar
  • B & B

Executive Summary

Seize an exceptional investment opportunity in Traverse City—a nationally recognized destination known for its vibrant economy, tourism appeal, and stunning natural beauty. Whether you envision an iconic bed and breakfast, a premier wedding or event center, or elevating the current restaurant and bar to new heights, this property offers unparalleled potential. Don’t miss the chance to make your mark in one of the most sought-after markets in the region. Comes complete with commercial kitchen and large tent/chairs for weddings.

Attachments

Old Mission Inn

Property Facts

Price $5,000,000
Price Per Room $384,615
Sale Type Investment
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 10.81 AC
Building Size 5,500 SF
No. Rooms 13
No. Stories 2
Year Built/Renovated 1869/2023
Parking Ratio 2.55/1,000 SF
Corridor Interior

Amenities

  • Restaurant
  • On-Site Bar
  • Beach (direct access)
  • Meeting Event Space
  • Wedding Venue
  • Public Access Wifi

About 18599 Mission Rd , Traverse City, MI 49686

The Old Mission Inn, a stunning historic Victorian Inn and hotel on the renowned Old Mission Peninsula in Traverse City, blending old-world charm with modern comfort. This beautifully restored property boasts 13 unique rooms and 11 baths, a large covered porch, multiple elegant dining spaces, and a spacious commercial kitchen With breathtaking Lake Michigan views, it sits in the heart of the wine region, offering guests an unforgettable experience.------- Included in the sale is the Mission Bay Café, a well-loved spot for guests to enjoy food and drinks, primed to become a top destination for locals and visitors alike. Currently a successful B and B with nice restaurant and bar, the opportunities are endless, including wedding/events, a high end dining destination or more. A rare investment opportunity to own an iconic property with established business and endless potential!

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 $290.00 -
Guest Room 11 $225.00 -

zoning

Zoning Code R1-B (Coastal Zone Residential)
R1-B (Coastal Zone Residential)
  • Listing ID: 31947891

  • Date on Market: 5/29/2024

  • Last Updated:

  • Address: 18599 Mission Rd, Traverse City, MI 49686

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