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Julie A Moraitis

julie.moraitis@exprealty.com +1(248) 568-6368

$ 3,995,000

Est. payment -/mo

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Active

230 Wellington Traverse City, MI 49686

11,807 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,807 sqft

Price per Sqft $338

Subdivision Oak Park

MLS Listing ID 78080007999

Year Built 1905

Lot Size 0.510 Acres

Acres 0.51

Property Description

A Once-in-a-Generation Opportunity to Own a Traverse City Landmark. Few properties hold such a prominent place in a community's history. Fewer still have been lovingly restored with the care, investment, and attention to detail found here. This magnificent Neo-Classical Revival estate is one of Traverse City's most recognizable historic properties. Originally built for the son of a prominent lumber baron, the property was painstakingly restored to its original grandeur by the current owners. Today, the property operates as a well-known inn featuring 9 guest rooms and 15 bathrooms. The carriage house includes two separate 2-bedroom apartments, each with a kitchen and in-unit washer and dryer. Below the carriage house, the original stables remain largely unused, creating opportunities for event space, additional guest suites, or other creative uses. Including the unfinished basement and lower level of the carriage house, the property encompasses an impressive 15,918 square feet. The sale includes an extensive collection of period antiques and furnishings, along with the website, marketing materials, licenses, and associated intellectual property. A detailed FF&E inventory will be provided during due diligence. The estate itself is conservatively assessed at approximately $3.2 million, making this a rare opportunity to acquire a landmark property, a recognized hospitality business, and an extraordinary collection of antiques and furnishings in a single offering. Words and photographs cannot capture the craftsmanship, architectural details, and sense of place found throughout the estate. Plan to spend at least an hour touring the propertyÃ¢â‚¬"you'll want the time to appreciate everything it has to offer. Please do not approach staff or guests. All inquiries should be directed to the listing broker.

Location

State MI

County Grand Traverse

Area Area28042Traversecity

Interior

Heating Forced Air, Hot Water, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features ParkingLot, Other

Utilities Available NaturalGasConnected

View Y/N No

Roof Type Asphalt, Tile

Building

Foundation Basement

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Traverse City

Others

Acceptable Financing Cash, Other, Trade1031Exchange

Listing Terms Cash, Other, Trade1031Exchange

Special Listing Condition Standard

Listed by Carole L Higgins of Cygnus Real Estate

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 568-6368

julie.moraitis@exprealty.com

eXp Plymouth, Plymouth, MI, 48170, USA

Julie A Moraitis

230 Wellington Traverse City, MI 49686

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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230 Wellington

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