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    Single-Story Office Building
    Updated: Aug 27
    Single-Story Office Building

    116 E Philips Street, Lake Leelanau, MI 49653

    $699,000
    2,740 sqft 0.47 AC lot
    2,740‑square‑foot single‑story office building
    0.47‑acre site in Lake Leelanau
    Multiple‑tenant configuration
    C1 zoning
    On‑site parking lot
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Leelanau, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Land with Existing Building
    Commercial Land with Existing Building

    120 Park Street, Traverse City, MI 49684

    $1,350,000
    3,500 sqft 0.17 AC lot

    C4-C zoning allows maximum height and density, with no parking requirement for the site.

    View details
    Standalone Office Building
    Standalone Office Building

    6536 N M-66 Highway, Charlevoix, MI 49720

    $399,000
    2,500 sqft 0.52 AC lot

    Professional office layout with private rooms, conference space, secure vault, and on-site parking.

    View details
    Fully Occupied Office Building
    Fully Occupied Office Building

    101-607 Randolph St, Traverse City, MI 49684

    $502,230
    1,768 sqft

    Contemporary office property near West Grand Traverse Bay with C-2 commercial zoning and an active tenant lease.

    View details
    Frontage Office Building with Residence
    Frontage Office Building with Residence

    1518 & 1520 Bridge Street, Charlevoix, MI 49720

    $795,000
    2,900 sqft 1.50 AC lot

    Leased office building with a residential home on multi-road frontage near the airport entrance.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Parcel
    Commercial Land Parcel

    1026-1028 E Front Street, Traverse City, MI 49686

    $399,000
    0.38 AC lot

    Two separate lots create a commercial site along a major regional east-west corridor.

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    Commercial Land With Existing Office
    Commercial Land With Existing Office

    1040 E Front Street, Traverse City, MI 49686

    $1,148,000
    1,864 sqft 0.63 AC lot

    Three-lot parcel combines vacant land with an existing office building and on-site parking.

    View details
    Commercial Land with Office Building
    Commercial Land with Office Building

    1040 E Front Street, Traverse City, MI 49686

    $1,148,000
    0.63 AC lot

    Three-lot commercial offering with office zoning and an existing office improvement.

    View details
    Retail Space with Parking Lot
    Retail Space with Parking Lot

    1054-1060 E Front Street, Traverse City, MI 49686

    $2,250,000
    3,726 sqft 1.24 AC lot

    C-3 Community Center District zoning supports a range of allowable uses and commercial configurations.

    View details

    Lake Leelanau, MI Office Buildings Market Trends and Statistics

    Explore 1 office buildings for sale in Lake Leelanau, MI on our real estate platform. These investment opportunities span a total of 2,740 square feet of properties for sale, with an estimated market value of $699,000.

    Sale prices for office properties in Lake Leelanau, MI average $699,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office buildings 1
    Office Units 1

    Demographics Overview

    Population 1,813
    Population Growth (5Y) -10.2%
    Median Household Income $84,954
    College Educated 74.3%

    High-Yield Neighborhoods for Investment

    Identify Lake Leelanau submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49653 $699K

    Taxes & Financing

    Tax Rate (average for all types) 2.01%
    Tax Rate vs County Average 0.24 pp below county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

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