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$3,100,000

MLS 1819083
230 Wellington Street Traverse City, MI 49686  
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The Wellington Inn is a 1905 neo-classical mansion located in Northern Michigan, in the historic heart of Traverse City. 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, but could easily be converted back to a single family residence. The property includes a unique zoning exception granted to allow events with alcohol consumption. Don't miss this opportunity to be a part of Traverse City's vibrant future!
Price $3,100,000 County: Grand Traverse Zoning:  Residential,Multi-Family,Non-Conforming Use
Area: Grand Traverse Waterfront Feet: 0 Sewer: Municipal
Lake/River:  Lot Size: 165' x 132' Heat: Forced Air,Hot Water,Central Air
Township: Traverse City Water: Municipal Water Acres: 0.50

 

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Listing Provided Courtesy of:
Century 21 Northland-Elk Rapids

Copyright 2014 Northern Great Lakes Realtor MLS (NGLR)
Listing provided by NGLR Association of Realtors, database last updated Wednesday March 20, 2019
 
Direct Link:  http://www.cmiaridx.com/RETS/idx/cadillacrealty/commercial/index.php?view=1819083