See all 97 photos
97 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,185,000
Est. payment /mo
7,396 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 7,396 sqft
Price per Sqft $160
MLS Listing ID 80063809
Year Built 2000
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 200 x 436
Property Sub-Type Commercial/Industrial
Property Description
Unique opportunity to invest in a growing community in the heart of Leelanau County. This offering includes two acres and two commercial buildings located along the high-visibility business corridor of Lake Leelanau. The primary building, totaling 4,840 sq ft, is currently leased to the Leelanau Enterprise through October 2028 and includes a reception area, conference room, multiple offices, workstations, manufacturing/production space, two ADA-compliant restrooms, and storage. Note: Sale includes real estate and buildings only. Business, furniture, equipment, and printing machinery are not included. The second building offers flexible potential and is primarily used for storage, with approximately half utilized by the tenant under the current lease. The structure is in framed-shell condition with exposed studs and no interior finishes, offering flexibility for future build-out and is rough-plumbed for a restroom. This property benefits from strong traffic counts, steady year-round activity, and demographics that support continued commercial growth in Lake Leelanau. Market potential is enhanced by the area’s mix of local businesses, tourism-driven demand, and a central position within the Leelanau Peninsula. Due to the nature of highly classified materials within the leased business operation, interior showings are not permitted. An extensive library of photos, videos, and 360° tours is available for buyer review. Prospective purchasers may schedule a grounds-only tour on weekends via ShowingTime with a licensed agent. The property currently generates $54,024 in annual lease income, with the tenant responsible for all operating expenses except property taxes, which are paid by the owner. Offers will be considered beginning December 18th to allow prospective buyers adequate time to complete due diligence and review all available materials. See associated documents for building dimensions, survey, Commercial zoning ordinance, traffic data, and demographic overview.
Location
State MI
County Leelanau
Area Leland Twp (45009)
Zoning Professional Office,Commercial,Industrial,Residential
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Parking Features 11-20 Spaces, 21+ Spaces, Parking Lot
Roof Type Asphalt
Building
Foundation Slab
Water Private Well
Structure Type Frame,Stone,Vinyl Siding
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan
Read Less Info
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Schaub Team Premier Realty
GET MORE INFORMATION