$4,700,000

Estimated payment $26,204/month

Total Views 4,878
-- Bed
-- Bath
5,644 Sq Ft
$833 Price per Sq Ft

Highlights

  • Guest House
  • Public Water Access
  • 10.85 Acre Lot
  • Central High School Rated A-
  • Bay View
  • Pole Barn

About This Home

Landmark commercial opportunity on Old Mission Peninsula. Available for the first time in decades, the historic Old Mission Inn offers an unparalleled chance to acquire a piece of Northern Michigan heritage in a truly exceptional setting. Located at the tip of the peninsula, just steps from Haserot Beach, this iconic property has served as a welcoming retreat and a cornerstone of the Old Mission community since 1869 - making it the oldest continuously operating hotel in the state of Michigan. With only four owners since its inception, the Inn has been lovingly restored to preserve its original charm while reintroducing its storied past — including memorabilia dating back to the 1800s and the signatures of legendary guests like Babe Ruth and Joe Louis, still on display. Set on 10.85 pristine acres, the property features multiple guest accommodations, gathering areas, a cafe with a fully operational commercial kitchen, and original architectural elements that speak to its long legacy. The Inn is also the one of the only properties on Old Mission Peninsula offering short-term rentable rooms, and is ideally suited for continued hospitality use, special event hosting (especially perfect as a wedding venue), or thoughtful adaptive reuse. The sale includes all furnishings, a separate 5 bed / 2 bath home, multiple barns and pole buildings, and a 40’ x 100’ event tent - creating a rare opportunity to own, operate, and steward a true piece of Michigan history. An existing liquor license is also included in the sale. Surrounded by protected shoreline, scenic vineyards, and just 20 minutes from downtown Traverse City, this is a once-in-a-generation offering in one of the region’s most tightly held and culturally significant locations.

Listing Agent

Alexandra Burris

REMAX Bayshore - W Bay Shore Dr TC License #6501458916 Listed on: 06/26/2025

REMAX Bayshore - W Bay Shore Dr TC

Co-Listing Agent

Bob Brick

REMAX Bayshore - W Bay Shore Dr TC License #6502134537

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,145

Year Built

  • Built in 1865

Lot Details

  • 10.85 Acre Lot
  • Landscaped
  • The community has rules related to zoning restrictions

Property Views

  • Bay Views
  • Countryside Views

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 5,644 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Partial Basement

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Public Water Access
  • Property is near a lake
  • Balcony
  • Covered Patio or Porch
  • Pole Barn

Additional Homes

  • Guest House

Utilities

  • Well
  • Cable TV Available

Community Details

  • 13 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,145

Year Built

Built in 1865

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Bed & Breakfast, 2 Residences / 1 Lot
  • Style: 2 Story, Bed & Breakfast
  • Estimated Year Built: 1865
  • Construction: Frame
  • Section Number: 35
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1865

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Freezer, Exhaust Fan
  • Interior Amenities: Great Room, Breakfast Nook, Foyer Entrance
  • Price Per Sq Ft: 832.74
  • Range: R 10W
  • Total Finished Sf Apx: 5644

Exterior Features

  • Additional Buildings: Pole Building(s), Barn(s), Guest House
  • Exterior Features: Bay View, Sidewalk, Countryside View, Landscaped, Covered Porch, Balcony
  • Exterior Finish: Wood
  • Foundation: Partial
  • Number Of Acres: 10.85
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Water View, Public Lake, Near Pub.Access W/In 500'

Utilities

  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable Tv, Cable Internet, Wifi
  • Water: Private Well
  • Heating Cooling Type: Hot Water
  • Fireplace And Stoves: Fireplace

Association/Amenities

  • Development Name: Metes & Bounds

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Dimensions: IRREG
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Commercial

Rental Info

  • Included In Lease: Not For Lease
  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 5,007.11
  • Winter Taxes: 2138.12
  • Year Summer: 2024
  • Year Winter: 2024

Multi Family

  • Total Number Units: 13

MLS Schools

  • School District: Traverse City Area Public Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,145 $764,000 $0 $0
2024 $5,007 $713,000 $0 $0
2023 $4,787 $526,300 $0 $0
2022 $6,443 $565,000 $0 $0
2021 $6,034 $526,300 $0 $0
2020 $5,971 $512,600 $0 $0
2019 $5,984 $464,200 $0 $0
2018 $8,475 $415,800 $0 $0
2017 -- $371,300 $0 $0
2014 $0 $356,300 $0 $0
2012 $0 $338,500 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $4,700,000 -- $833 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Deed $228,000 --
Source: Public Records

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1935650

Northern Great Lakes REALTORS® MLS

APN: 11-235-011-01