230 Wellington, Traverse City, MI 49686
Oak Park · Grand Traverse County
Key Facts
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 property—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.
Property Information
Property Type
Commercial Sale
Sub-Type
Hotel/Motel
Year Built
1905
Living Area
11,807 sq ft
Lot Size
0.51 acres
Lot Dimensions
165x132
Parking Spaces
14
Days on Market
1067
MLS® Listing#
1912528
Property Features
Cooling
Heating
Basement
Parking
Lot Features
Construction
Foundation
Roof
Security
Sewer
Water Source
Financial Details
HOA
Yes
Assessed Value
$244,369
Parcel Number
28-51-798-034-00
Directions
Front St to Wellington (next to the Little Fleet) approx 3 blocks property is on the corner of Wellington and Washington.
Affordability Calculator
$799,000
Estimated monthly payment
$21,263/mo
Principal $3,196,000 · Est. interest $4,458,704 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Traverse City, MI
- $234,833
- Median Listing Price
- 60
- Median Days on Market
- 1,490
- Median Sq Ft
- $136
- Median Price / Sq Ft
- 13,302
- Active Listings
- This home’s price is 1601% above the area median.
- Its price per sq ft is 150% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Traverse City, MI.
Location
Points of Interest in Traverse City, MI
Showing the Traverse City area map.
Nearby Schools
Traverse City Elementary School
Elementary · 0.1 mi away
Holy Angels Elementary School
Elementary · 0.6 mi away
St Francis High School
Secondary · 0.6 mi away
Grand Traverse Area Catholic Schools
Elementary · 0.6 mi away
Central Grade School
Elementary · 0.7 mi away
Bethlehem Nursery School
Elementary · 0.9 mi away
Oak Park Elementary School
Elementary · 0.9 mi away
Glenn Loomis Elementary School
Elementary · 1.0 mi away
Tcaps Montessori School
Elementary · 1.0 mi away
Traverse City Senior High School
Secondary · 1.1 mi away
Trinity Lutheran Church & School, LCMS
Elementary · 1.1 mi away
Traverse Heights Elementary School
Elementary · 1.1 mi away
Immaculate Conception Elementary School
Elementary · 1.1 mi away
Traverse Bay Mennonite School
School · 1.2 mi away
Traverse City Central High School
Secondary · 1.3 mi away
Traverse City Area Public Schools
Elementary · 1.3 mi away
Eastern Elementary School
Elementary · 1.5 mi away
Community Children's Center
School · 1.6 mi away
Willow Hill Elementary School
Elementary · 1.6 mi away
New Campus Center
School · 1.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4546 Niagara Lane, Bloomfield Hills City, MI | $2,799,990 | 5 | 6 | 7,000 |
| 8207 Schaefer Highway, Detroit City, MI | $2,800,000 | 44 | 40 | 28,406 |
| 4790 S Sunset Ski Cove, Traverse City, MI | $2,800,000 | 5 | 4 | 3,585 |
| 111 E State, Traverse City City, MI | $2,825,000 | 4 | 3 | 2,432 |
| 111 E State PH A, Traverse City, MI | $2,825,000 | 4 | 3 | 2,432 |
| 111 E State PH B, Traverse City, MI | $2,825,000 | 4 | 3 | 2,436 |
Moving Cost Estimate
EXIT Agents in Traverse City
Listing Courtesy: Cygnus Real Estate