Log In/Sign Up
Your email has been sent.
Bay Inn Of Petoskey 2445 Charlevoix Ave 18 Room Hotel Petoskey, MI 49770 $2,900,000 ($161,111/Room)
Investment Highlights
- July RevPar: $214.30
- Newly Renovated Unique Suites
- Bayfront View 1,000,000+ Annual Visitors to Petoskey
Executive Summary
Marcus & Millichap is proud to present the Bay Inn of Petoskey, a boutique hospitality asset located in Petoskey, Michigan. The Bay Inn is being offered at $2,900,000, representing an excellent investment opportunity. This two-story, exterior-corridor property is situated directly off U.S. Route 31, offering convenient access to a variety of regional demand drivers. The offering includes 15 exterior-corridor guest rooms in the main building, one standalone cabin, one studio unit, and a three-bedroom, two-bathroom house. Ideally positioned just minutes from both downtown Petoskey and Bay Harbor, the property benefits from strong year-round tourism fueled by Lake Michigan waterfront recreation, top-tier golf courses, nearby ski resorts, the Little Traverse Wheelway, and the Odawa Casino. Perched on an elevated, west-facing site, the Bay Inn offers sweeping sunset views over Little Traverse Bay—an irreplaceable amenity that sets this property apart as a truly unique asset within the Northern Michigan.
Located minutes from downtown Petoskey and Bay Harbor, the inn benefits from strong regional tourism demand driven by year-round attractions including waterfront recreation, golf, ski resorts, the Little Traverse Wheelway, and the nearby Odawa Casino. The elevated, west-facing site provides unmatched sunset views—an amenity that distinguishes the Bay Inn as a truly unique asset in the local hospitality market.
Located minutes from downtown Petoskey and Bay Harbor, the inn benefits from strong regional tourism demand driven by year-round attractions including waterfront recreation, golf, ski resorts, the Little Traverse Wheelway, and the nearby Odawa Casino. The elevated, west-facing site provides unmatched sunset views—an amenity that distinguishes the Bay Inn as a truly unique asset in the local hospitality market.
Property Facts
| Price | $2,900,000 | Building Size | 6,036 SF |
| Price Per Room | $161,111 | No. Rooms | 18 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1960/2023 |
| Property Subtype | Hotel | Parking Ratio | 2.65/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.50 AC | ||
| Zoning | RT B-1 | ||
| Price | $2,900,000 |
| Price Per Room | $161,111 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 6,036 SF |
| No. Rooms | 18 |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 2.65/1,000 SF |
| Corridor | Exterior |
| Zoning | RT B-1 |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $134.00 | - |
| Guest Room | 15 | $124.00 | - |
1 1
Property Taxes
| Parcel Number | 13-18-01-300-041 | Improvements Assessment | $821,600 |
| Land Assessment | $58,300 | Total Assessment | $879,900 |
Property Taxes
Parcel Number
13-18-01-300-041
Land Assessment
$58,300
Improvements Assessment
$821,600
Total Assessment
$879,900
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Bay Inn Of Petoskey | 2445 Charlevoix Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.