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    1755 N Manitou Trail

    Leland, MI 49654
    • $3,500,000
    • STATUS: Active
    • ON SITE: 139 days
    • MLS #: 1873985
    UPDATED: 31 min ago
    $3,500,000
    • 0
      BEDS
    • 4.9
      ACRES
    • 20
      BATHS
    • 0
      1/2 BATHS
    • 10,527
      SQFT
    • $332
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1906
    County:
    Area:

    School Ratings & Info

    Description

    Situated on nearly five acres and boasting over 200 ft of private across-the-road frontage on North Lake Leelanau, the Whaleback Inn is one of the most iconic properties in Leelanau County. This property has not been on the public market for over 28 years. Five buildings make up over 10,000 square feet of guest area and innkeeper's quarters; most accommodations overlook North Lake Leelanau and are considered by many to be some of the best views available. There are 18 rental units total consisting of 10QQ, 3K, 1Q, 3 Cottage Suites w/kitchenette and 1 large Cottage w/full kitchen. The main house/office/innkeepers quarters is 1906 with original wood floors, stained glass windows and hand hewn stone fireplaces with the largest most iconic wrap around porch in the area. All units have been meticulously maintained over the years. With too many improvements to list in this description, all have been documented and are available for review in the Documents section of this listing. Many repeat guests have called Whaleback Inn their favorite vacation destination, with its close proximity to the town of Leland (1 mile) that offers dining, beaches and wineries, combined with on-site water views, water access, a gift shop, paddlesports rentals and more. Most recent ownership has raised revenue by 12% while improving the property in many ways, decreasing the length of open season, and streamlining processes to make the hotel a truly turn-key operation. A great deal of passion is invested in its future success and owners are willing to train the right buyers. Current owners along with increasing revenue have transitioned operation from year round to a 7 month-on, 5 month-off business model (open mid April through mid November). Could be converted back to year round if a new owner desired. June 2020 beat June 2019 revenue despite Covid challenges, due to being drivable and a naturally distanced Midwest lodging option. Owner is a licensed Realtor in state of Michigan.

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    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-21T21:51:54.237.
    www.boermarealty.com/homes/105532922
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    1755 N Manitou Trail Leland, MI 49654

    • Price: $3,500,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 1873985
    0
    Beds
    20
    Baths
    0
    ½ Baths
    4.9
    Acres
    10,527
    SQFT
    $332
    $/SQFT
    1906
    Built
    Neighborhood:
    Whaleback Inn
    County:
    Leelanau
    Area:
    Leelanau
    Property Description
    Situated on nearly five acres and boasting over 200 ft of private across-the-road frontage on North Lake Leelanau, the Whaleback Inn is one of the most iconic properties in Leelanau County. This property has not been on the public market for over 28 years. Five buildings make up over 10,000 square feet of guest area and innkeeper's quarters; most accommodations overlook North Lake Leelanau and are considered by many to be some of the best views available. There are 18 rental units total consisting of 10QQ, 3K, 1Q, 3 Cottage Suites w/kitchenette and 1 large Cottage w/full kitchen. The main house/office/innkeepers quarters is 1906 with original wood floors, stained glass windows and hand hewn stone fireplaces with the largest most iconic wrap around porch in the area. All units have been meticulously maintained over the years. With too many improvements to list in this description, all have been documented and are available for review in the Documents section of this listing. Many repeat guests have called Whaleback Inn their favorite vacation destination, with its close proximity to the town of Leland (1 mile) that offers dining, beaches and wineries, combined with on-site water views, water access, a gift shop, paddlesports rentals and more. Most recent ownership has raised revenue by 12% while improving the property in many ways, decreasing the length of open season, and streamlining processes to make the hotel a truly turn-key operation. A great deal of passion is invested in its future success and owners are willing to train the right buyers. Current owners along with increasing revenue have transitioned operation from year round to a 7 month-on, 5 month-off business model (open mid April through mid November). Could be converted back to year round if a new owner desired. June 2020 beat June 2019 revenue despite Covid challenges, due to being drivable and a naturally distanced Midwest lodging option. Owner is a licensed Realtor in state of Michigan.
    Exterior Features

    Body Of Water North Lake Leelanau Construction Frame Exterior Features Rough-SawnShingleStoneWood Foundation PartialPoured ConcreteSlabStone Lot Dimensions 200X739x216x825 Parking Parking Lot Parking Spaces 30 Road Public Maintained Roof AsphaltMembraneTar/Gravel Water Front Footage 216

    Interior Features

    Heating Cooling Type BaseboardForced AirHot WaterOther

    Property Features

    Business Incl Yes Business Name Whaleback Inn Deeded Waterfront Yes Documents On File Agency DisclosureFinancialOtherSurvey Eco Features No Energy Efficient Energy Star Appliances Extras Additional BuildingsFurniture/FixturesPhone SystemSprinkler System Heating Cooling Source ElectricMutiple UnitsNatural GasWood Included In Lease None Inventory Incl Yes Licenses None Listing Agreement Type Exclusive Right To Sell Location Other Possession Negotiable Present Use Bed &Amp; Breakfast Private Shared Private Real Estate Incl Yes Renewable Not Applicable Sale Or Lease For Sale Sale Rent For Sale Section Number 16 Sewer Private Septic Taxable Value 554200 Terms CashCommercial Loan Township Leland Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Private Well Water Conservation Not Applicable Year Remodeled 2020 Zoning AgriculturalMotel/HotelNon-Conforming UseResidential



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-21T21:51:54.237.
     
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    524 E Mosher St., Suite 200
    Mt. Pleasant MI, 48858