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 2025 bookings must be honored. The current operating schedule is mid April to late October. 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.
For sale
$5,600,000
1757 N Manitou Trl, Leland, MI 49654
22beds
20baths
9,244sqft
Est.:
Multi Family
Built in 1906
-- sqft lot
$2,299,700 Zestimate®
$606/sqft
$-- HOA
What's special
World class lake views
- 335 days |
- 1,599 |
- 33 |
Zillow last checked: 8 hours ago
Listing updated: February 10, 2025 at 03:31pm
Listed by:
Drew Warner Cell:231-342-9381,
Key Realty One-TC 517-827-2120
Source: NGLRMLS,MLS#: 1929994
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 20
Rooms
- Room types: Great Room, Workshop
Heating
- Forced Air, Hot Water, Baseboard, Wall Furnace, Natural Gas, Fireplace(s)
Cooling
- Electric, Multi Units
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Freezer, Exhaust Fan, Electric Water Heater
Features
- Breakfast Nook, Cable TV, High Speed Internet, WiFi
- Flooring: Hardwood
- Windows: Skylight(s)
- Basement: Partial,Crawl Space
- Has fireplace: Yes
- Fireplace features: Wood Burning Stove
Interior area
- Total structure area: 9,244
- Total interior livable area: 9,244 sqft
Property
Parking
- Parking features: Two Car, Drive Under/Built In
Accessibility
- Accessibility features: None
Features
- Levels: Two,One
- Stories: 2
- Patio & porch: Deck, Porch
- Exterior features: Sprinkler System, Dock
- Has view: Yes
- View description: Water
- Water view: Water
- Waterfront features: Inland Lake, All Sports, Sandy Bottom, Stony Bottom, Bluff (greater than 10ft)
- Body of water: North Lake Leelanau
- Frontage type: Priv Frontage (Across Rd)
- Frontage length: 203
Lot
- Size: 4.33 Acres
Details
- Additional structures: Guest House, Other
- Parcel number: 4500901605200
- Zoning description: Residential,Commercial,Rental History
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Lodge,Cottage
- Property subtype: Multi Family
Materials
- Frame, Wood Siding, Shingle Siding
- Foundation: Slab, Stone
- Roof: Asphalt,Membrane
Condition
- New construction: No
- Year built: 1906
- Major remodel year: 2024
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Green energy
- Energy efficient items: Not Applicable
- Water conservation: Not Applicable
Community & HOA
Community
- Features: Lake Privileges, Common Area
- Security: Smoke Detector(s)
- Subdivision: Whaleback Inn
Location
- Region: Leland
Financial & listing details
- Price per square foot: $606/sqft
- Price range: $5.6M - $5.6M
- Date on market: 1/9/2025
- Cumulative days on market: 335 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash,1031 Exchange
- Ownership type: Corporation
- Lease term: Other
Estimated market value
$2,299,700
$1.70M - $3.17M
$1,329/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2025 | Listed for sale | $5,600,000$606/sqft |
Source:  NGLRMLS #1929994 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$33,314/mo
Principal & interest
$28087
Property taxes
$3267
Home insurance
$1960
Climate risks
Neighborhood: 49654
Nearby schools
GreatSchools rating
- 8/10Leland Public SchoolGrades: PK-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Leland Public School District
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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