JUST REDUCED! - Hotel Northern was established in 1903 by Frank Hahnenberg - a Leelanau local who had returned from adventures on the west coast. Here, on the corner of the main intersection in town, Hahnenberg built his grand hotel from local lumber and stone, and in doing so, created one of the most recognizable buildings in the village. More than a century later, this iconic Colonial structure still stands proudly, thanks to the restoration efforts of the current owners who have lovingly cared for and improved this fabulous property over the last 20 years. This special offering includes 3 platted lots, all commercially zoned. The original hotel, now a residence, and detached guest house, a successful rental, sit on 2 lots, while a single vacant parcel remains adjacent, to the west. Structurally, this vintage home has been made sound. Architecturally, it is a masterclass in craftsmanship, quality, and style, seamlessly blending historical elements with inspiring modern highlights. Beautiful original hardwood floors quietly echo a century of living, and are in good company amongst other heirloom elements such as a cast-iron tub, vintage wallpaper, and a Victorian mantle. Newer features compliment these historical pieces - including floor to ceiling built-in bookshelves with minimalist trim and detailing, rough-sawn wooden beams which open the plan, and energy efficient elements such as new windows and solar panels. Whenever possible, reclaimed or recycled natural materials have been incorporated into this home. This sensibility and attention to the environment carries through to the landscaping which features wild native plants corralled by custom stone walls and walkways, a trellised path to a sundrenched lawn, and a private patio overlooking a water garden of koi and flowering lily pads. This exceptional listing offers exciting versatility. Whether a dream residence or Lake Leelanau's next hot commercial destination, this property is ready for the next chapter!