230 Wellington Street, Traverse City

$3,100,000

0 Beds
15 Baths
11,178 Sqft
½ Acres
0 Garages

The Wellington Inn is a historic mansion that has been converted to a year-round Bed and Breakfast located in Traverse City, Michigan. Built by one of Traverse City's lumber barons, this spectacular mansion has been fully restored to it's original grandeur and features period antiques throughout the nine guest rooms, dining room, library, living room and 3rd floor ballroom. The Carriage House features two, 2 bedroom apartments and a large, underutilized event space or storage area. The Carriage House units can be rented short term or the building has potential to be converted to condominiums (per Traverse City) that can be sold individually. It has a total of 1986 sq' and the main house has a total of 9192 sq', with a combined total of 11,178 sq', which equals $277.34 per sq' including furnishings. The structure has undergone a complete restoration. Every element has been rebuilt from the foundation up through the roof. This niche property is located in a neighborhood that is with-in two blocks to fine restaurants, shops, recreational trails and the spectacular beaches of Grand Traverse Bay. The property is currently offered furnished as an upscale, turn-key B&B with owner/operator quarters on the 1st floor of the main house. The property includes a unique zoning exception granted to allow events with alcohol consumption. Bring your vision and be a part of Traverse City's vibrant future!

Essential Information
MLS® #1872525
Price$3,100,000
Bathrooms15.00
Square Footage11,178
Acres0.50
Year Built1905
TypeCommercial
Sub-TypeHospitality, Commercial Sale
StatusActive
Community Information
Address230 Wellington Street
SubdivisionBlk 13 Orig Plat
CityTraverse City
CountyGrand Traverse
StateMichigan
Zip Code49686
Amenities
Parking Spaces12
ParkingPaved
Utilities

WATER: Municipal Water SEWER: Municipal

Features

Sprinkler System, Furniture/Fixtures, Additional Buildings

Interior
Has BasementYes
BasementFull, Stone, Finished Rooms
Heating

Natural Gas, Forced Air, Hot Water, Central Air

Exterior
Exterior FeaturesWood
Lot Description165' x 132'
RoofAsphalt, Tile
ConstructionFrame
Additional Information
Date ListedMarch 3rd, 2020
Days on Market34
Zoning

Residential, Non-Conforming Use, Multi-Family

Listing Details
Office Address116 E River Street
Office

Century 21 Northland-Elk Rapids

Property History
Status Changed from New to Active

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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