For Sale
$5,000,000

18599 Mission Rd Traverse City, MI 49686

Iconic Michigan Inn, Restaurant, Event Venue

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents the chance to acquire the Old Mission Inn, a beautifully restored historic Victorian Inn located on the Old Mission Peninsula in Traverse City, Michigan. The property includes 13 unique guest rooms and 11 baths, a large covered porch, multiple elegant dining spaces, and a spacious commercial kitchen. The sale also encompasses the Mission Bay Cafe, a well-established bar and restaurant with potential for expansion into fine dining or a beer garden. Boasting breathtaking Lake Michigan views, the Inn is situated in the heart of the renowned wine region, offering guests an unforgettable experience. The property sits on over 10 acres and features a full liquor license, making it ideally suited for weddings, events, and other special occasions. With a 10% cap rate and an asking price of $5,000,000, this Class A property presents a rare opportunity to own an iconic establishment with established business and significant upside potential. The property is a successful historical inn and bar/restaurant with endless possibilities for expansion and diversification. The existing infrastructure supports a full-service bar and restaurant, with potential for a beer garden and takeout options. The commercial kitchen and numerous dining areas are well-suited for hosting events and weddings. This is a truly unique opportunity to own a piece of Michigan history and capitalize on the thriving tourism and hospitality industry in the Traverse City area.

Highlights

  • Historic Inn and Restaurant with strong operating history.
  • Ideal Event Center conversion potential.
  • Established Wedding Venue.
  • Full-service bar and restaurant, including beer garden and to-go beer & wine sales.

Property Details for 18599 Mission Rd

Property type
Specialty properties, Mixed-use properties
Class
A
Units
13

Location Insight

City
Traverse City
County
Grand Traverse
State
Michigan
Latitude
44.9591179
Longitude
-85.4909515

FAQs

What type of property is this?
Specialty property - Iconic Michigan Inn, Restaurant, Event Venue
Where is the specialty property located?
The property is located at 18599 Mission Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Historic Inn and Restaurant with strong operating history.; Ideal Event Center conversion potential.; Established Wedding Venue.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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18599 Mission Rd
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