18599 Mission Rd - Hospitality FOR SALE


Traverse City, MI 49686
$4,126,000 USD
231-668-6303
18599 Mission Rd, Traverse City, MI for Sale
$4,126,000 USD
Hospitality - FOR SALE
1/34
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18599 Mission Rd
Traverse City, MI 49686


OVERVIEW

Historic Old Mission Inn & Mission Bay Café Michigan's Longest Continuously Operating Hotel | Historic Inn • Operating Restaurant • Full Liquor License • Prime Old Mission Peninsula Location Potential High End Wedding Venue is one of the most popular areas anywhere!! Presented by Ken Weaver & Marissa Spencer Berkshire Hathaway HomeServices Michigan Real Estate An exceptional opportunity to acquire one of Northern Michigan's most recognized hospitality properties. The historic Old Mission Inn, located on the world-famous Old Mission Peninsula just minutes from downtown Traverse City, combines an established lodging business with the rapidly growing Mission Bay Café, creating a unique hospitality investment with multiple revenue streams. Originally established in the 1800s, the Old Mission Inn is believed to be Michigan's longest continuously operating hotel. Carefully restored while preserving its historic character, the property offers an authentic guest experience enhanced by modern amenities, spectacular bay views, and one of the premier tourism destinations in the Midwest. Mission Bay Café — Now Open to the Public One of the biggest changes since the property's previous offering is the successful public launch of the Mission Bay Café. The café now serves: Daily breakfast to the public Weekend dinner service Beer, wine and cocktails Indoor and outdoor dining overlooking Grand Traverse Bay The response from both locals and visitors has been outstanding, creating an exciting opportunity for a new owner to continue expanding operations. The infrastructure is already in place to take the business to the next level with: Full Michigan liquor license Indoor and outdoor liquor service Commercial kitchen Multiple dining rooms Outdoor dining areas Entertainment approvals Sunday sales Take-out food, beer, wine and spirits Capacity for approximately 150 restaurant guests plus inn guests Property Highlights Historic Victorian Inn on approximately 10.8 acres 13 guest rooms and suites 11 bathrooms Three interior dining areas Large commercial kitchen Bar area Approximately 1,300-square-foot covered porch overlooking Grand Traverse Bay Additional 5-bedroom residence Barn and outbuildings 40' x 100' event tent Agricultural and residential zoning More than 500 feet of public beach directly across the road Spectacular bay views and mature grounds with orchards and open space Multiple Revenue Opportunities The Old Mission Inn presents numerous opportunities for future growth, including: Boutique hotel operations Bed & Breakfast Destination restaurant Wedding venue Corporate retreats Private events Wine country tourism packages Culinary experiences Seasonal festivals Outdoor entertainment Expanded café hours and catering The combination of lodging, food service, liquor sales and event potential creates a rare hospitality investment that is difficult to duplicate due to today's zoning, licensing and development restrictions. Included in the Sale Included with the purchase are: Historic Old Mission Inn Approximately 10 acres Additional residence Commercial kitchen equipment Café furnishings and equipment Furniture throughout the Inn (excluding select personal property) Historic antiques and décor Business goodwill Rights to the Old Mission Inn and Mission Bay Café names Liquor license and operational licenses, subject to applicable transfer approvals. One of Michigan's Most Unique Hospitality Properties Whether your vision is a boutique hotel, destination restaurant, wedding venue, or a combination of all three, the Old Mission Inn offers a rare opportunity to own an iconic property in one of Michigan's most desirable travel destinations.

FOR SALE DETAILS

PRICE

$4,126,000 USD

PRICE/SF

$750 USD /SF

# OF ROOMS

13

PRICE/ROOM

$317,385 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Mission Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1865

PARKING SPACES

14

LAND DETAILS

LAND ACRES

10.81 AC

LAND SF

470,890 SF

ZONING

R1-B

APN/PARCEL ID

11-235-011-01

ASK ABOUT THIS PROPERTY

Ken WeaverBerkshire Hathaway Home ServicesMore Info
231-668-6303

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Ken WeaverBerkshire Hathaway Home ServicesMore Info
231-668-6303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.