1757 N Manitou Trail Leland, MI $ 5,600,000
1757 N Manitou Trail
$ 5,600,000
Share Save

1757 N Manitou Trail

Leland, MI, 49654
$ 5,600,000
Baths20.0 Sq 9,244

Monthly Estimate*

$ 34,937

1757 N Manitou Trail, Leland, MI 49654 - Image 1
1757 N Manitou Trail, Leland, MI 49654 - Image 2
1757 N Manitou Trail, Leland, MI 49654 - Image 3
1757 N Manitou Trail, Leland, MI 49654 - Image 4
1757 N Manitou Trail, Leland, MI 49654 - Image 5
1757 N Manitou Trail, Leland, MI 49654 - Image 6
1757 N Manitou Trail, Leland, MI 49654 - Image 7
1757 N Manitou Trail, Leland, MI 49654 - Image 8
1757 N Manitou Trail, Leland, MI 49654 - Image 9
1757 N Manitou Trail, Leland, MI 49654 - Image 10
1757 N Manitou Trail, Leland, MI 49654 - Image 11
1757 N Manitou Trail, Leland, MI 49654 - Image 12
1757 N Manitou Trail, Leland, MI 49654 - Image 13
1757 N Manitou Trail, Leland, MI 49654 - Image 14
1757 N Manitou Trail, Leland, MI 49654 - Image 15
1757 N Manitou Trail, Leland, MI 49654 - Image 16
1757 N Manitou Trail, Leland, MI 49654 - Image 17
1757 N Manitou Trail, Leland, MI 49654 - Image 18
1757 N Manitou Trail, Leland, MI 49654 - Image 19
1757 N Manitou Trail, Leland, MI 49654 - Image 20
1757 N Manitou Trail, Leland, MI 49654 - Image 21
1757 N Manitou Trail, Leland, MI 49654 - Image 22
1757 N Manitou Trail, Leland, MI 49654 - Image 23
1757 N Manitou Trail, Leland, MI 49654 - Image 24
1757 N Manitou Trail, Leland, MI 49654 - Image 25
1757 N Manitou Trail, Leland, MI 49654 - Image 26
Studio

Multi-Family Home for sale in Leland, MI

for $5,600,000 with 20 full baths. This 9,244 square foot home was built in 1906 on a lot size of 4.33.

Say hello to an amazing and iconic investment opportunity in coveted Leelanau County, one mile south of historic Leland, Michigan. Boasting five buildings totaling 9,244 square ft, 18 short term rental units, 4-plus beautiful acres, world class lake views and 200 ft of across-the-road private frontage on North Lake Leelanau, this is a stunning property currently run as a profitable hotel with an average of 4.8 star reviews. The historic 1906 main lodge functions as an innkeeper's quarters and main office/gift shop. Kayak and paddle board rentals are offered at the lakefront. Please note that all 2025 bookings must be honored. The current operating schedule is mid April to late October. Detailed list of property and building improvements as well as financials are available upon request. Owner is a licensed real estate agent in the state of Michigan.

See more

Multi-Family Active

Price

$ 5,600,000

Bedrooms

Studio

Full Bath

20

Property Type

Multi-Family

Taxes

$ 0

Style

Lodge,Cottage

Lot Size

4.33

Year Built

1906

Town/City

Leland

County/Region

Leelanau

MLS | Web ID

1929994

Features
Interior
Interior Amenities Great Room Breakfast Nook Workshop High Speed Internet Cable TV WiFi
Basement Partial Crawl Space
Flooring Hardwood
Fireplace Features Wood Burning Stove
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Window Features Skylight(s)
Fireplace Y/N Y
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 20
See more
General
Sewer Private Sewer
Heating Forced Air Hot Water Baseboard Wall Furnace Fireplace(s) Natural Gas
Cooling Electric Multi Units
Possession Close Of Escrow
Roof Asphalt Membrane
Appliances Refrigerator Oven/Range Dishwasher Microwave Water Softener Owned Washer Dryer Freezer Exhaust Fan Electric Water Heater
Patio/Porch Features Deck Porch
Architectural Style Lodge Cottage
Security Features Smoke Detector(s)
Construction Materials Frame Wood Siding Shingle Siding
Pets Allowed false
Year Built 1906
View Water
Stories Count 2
Township Leland
Levels Two One
Property Subtype Multi Family
Waterfront Features Inland Lake All Sports Sandy Bottom Stony Bottom Bluff (greater than 10ft)
Community Features Lake Privileges Common Area
Accessibility None
Assoc Fee Paid Per Annually
County Leelanau
New Construction N
Property Type Residential Income
Attached Garage N
Energy Efficient Not Applicable
Subdivision Name Whaleback Inn
Garage Y/N N
Green Water Conservation Not Applicable
Other Structures Guest House Other
Rent Includes None
Status Active
Directions From Suttons Bay take M-204 west then north on M-22. Hotel is on your left 1 mile south of town of Leland.
City Leland
Body of Water North Lake Leelanau
High School District Leland Public School District
Zoning Description Residential Commercial Rental History
Number Of Units Total 19
Lot Size Units Acres
Lot Size Square Feet 188614.8
Carport Y/N N
Home Warranty Y/N N
Ok to Lease Other
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Leland Public School District
Elementary School District Leland Public School District
Ownership Type Corporation
Lease Amount Frequency Annually
Legal Description L293 P601 L339 P456-457 L395 P230-235/94 L248 P810 L247 P22 L983 P39 L1088 P762 L1089 P147 N 203 FT OF GOVT LOT 5 & 2 FT STRIP BEG 739 FT E OF SW COR GOVT LOT 6 TH N 2 FT TH E 334.67 FT TO SHR LK LEE
Year Built Effective 2024
Freehold IDX
See more
Exterior
Exterior Amenities Dock Sprinkler System
Parking Features Two Car Drive Under/Built In
Water Source Private
Lot Size Area 4.33
Foundation Details Slab Stone
Number of Buildings 3
Spa N
Lot Size Acres 4.33
Frontage Length 203
Frontage Type Priv Frontage (Across Rd)
Waterfront Y/N Y
Road Responsibility Public Maintained Road
Horse Y/N N
See more
* Excluded Features
List By
Key Realty One-Tc

Broker

(231) 342-9381

Phone

Affordability Calculator

$34,937
Per Month
100%
0%
0%
Monthly Principal & Interest
$34,937
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2034251 Elementary School
2034119 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/9/2025$5,600,000 Listed Price

Map


See all

1757 N Manitou Trail, Leland, MI, 49654 is a Multi-Family Home for sale at $5,600,000 with 9,244 sqft and a lot size of 4.33. 1757 N Manitou Trail is a studio with 20.0 baths and was built in 1906. The property's zip code is 49654 which is in Leland, MI