About This Home

This 0-bedroom, 20-bathroom residential multi family at 1757 N Manitou Trail in Leland, MI is listed for $4,200,000 ($454 per sqft). Built in 1906, the home offers 9,244 sqft of living space on a 4.33 acres lot.

Key Features

  • Built in 1906
  • 4.33 acre lot
  • 2 stories
  • Fireplace
  • Waterfront

Property Details

2 stories
20 full
2-car garage
1906

Amenities

FireplaceWaterfront
Listing Description

Iconic investment property in Leland, Michigan, now offered at recently appraised value. 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. The current operating schedule is mid April to late October but in the past the hotel has operated all 12 months. 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.

Monthly Cost Estimate

$22,462/mo

20% down · 6.5% · 30 years

Principal$3,037
Interest$18,200
Insurance$1,225

Estimates only. Actual payments may vary.

Location

1757 N Manitou Trail

Leland, MI 49654-9719

Features & Amenities

Interior Features

Skylight(s)Hardwood FloorsGreat RoomBreakfast NookWorkshop

Exterior Features

DeckSprinkler SystemPorch

Property Details

Construction

Frame

Outdoor Features

DeckPorch

Appliances

RefrigeratorOven/RangeDishwasherMicrowaveWater Softener (Owned)WasherDryerFreezerExhaust FanElectric water HeaterSmoke Alarms

Questions & Answers

This 0-bedroom, 20-bathroom residential multi family at 1757 N Manitou Trail is listed at $4,200,000 ($454/sqft). The estimated monthly payment is $22,462 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1906, 4.33 acre lot, 2 stories, Fireplace, Waterfront. Interior Features: Skylight(s), Hardwood Floors, Great Room. Exterior Features: Deck, Sprinkler System, Porch.

This property is listed by Drew Warner.

DW

Drew Warner

Agent at Key Realty One-TC

Listed by Key Realty One-TC · Broker phone: 2315590351 · View on Broker Site

MLS# 1948996· Source: Northern Great Lakes Realtors MLS· 88 days on PropertySimple

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1757 N Manitou Trail, Leland, MI 49654-9719

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