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1582 U.S. 31, Traverse City, MI 49686

MD
6502100724
Smith Dean Burgett
Listed by Smith Dean Burgett
$3,750,000
3 days on market
Updated 3 days ago

Seasons Inn-Traverse City, MI

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 16,071
Units 44
Year Built 1998
Year Renovated 2022, 2023
Stories 2
Acreage 1 - 1.6
Parking Spaces 48 spaces
Parking per 1,000 SqFt 2.99
Sale Condition N/A

Top tourist destination market

Marketing description

Seasons Inn at 1582 US-31 North, Traverse City, MI 49686 offers investors the opportunity to acquire a well-maintained, 43-room hotel in one of Northern Michigan’s most desirable year-round destinations. This two-story property features an elevator, indoor pool, hot tub, breakfast room, and laundry facilities, delivering a strong guest experience for leisure travelers visiting the Traverse City market. The hotel has benefited from extensive upgrades, including RFID locks, pool dehumidification system, new water heaters, bedding, room flooring, hallway carpeting, sprinkler heads throughout, and a new roof and case goods completed in 2018. Operating independently since 2019, the property presents flexibility for a new owner to continue as an independent hotel or explore branding opportunities. Traverse City’s appeal as a four-season tourism hub supports consistent demand, with attractions including sugar-sand shorelines, Sleeping Bear Dunes National Lakeshore, wineries, orchards, golf courses, and abundant outdoor recreation from boating and hiking to skiing and snowmobiling. With recent annual revenues exceeding $1 million and an asking price of $3,750,000, this is a compelling hospitality investment in a proven destination market.

Investment highlights

Great location on main corridor in Traverse City, MI a top destination tourist market

Manageable number of units good for an owner operator

Independent hotel in good condition

Two story building with elevator and indoor pool

Listing Contacts

MD
6502100724
Smith Dean Burgett
Listed by Smith Dean Burgett

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Zoning

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RB CommercialNeighborhood CommercialRegional Business
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Last updated Mar 10, 2026 For deeper zoning details, reports are available at Zoneomics

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