Leased Mixed-Use Condo
For Sale
$199,000
5046 South W Bay Shore Drive, Suttons Bay, MI 49682
Fully leased commercial and residential condo building on 4.3 acres.
Property Size18,000 SF
Lot Size4.30 Acres
Price / SF$11.06
Days on Market338
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Property Features for 5046 South W Bay Shore Drive
General Information
Standard status
Active
Size
18,000 SF
Lot size
4.30 Acres
Property subtype
Land
Listing Agency:
REO-TCRandolph-233022
Listed By:
Blake Bernard · License #6501380347
(231) 714-4787
Source:
Compass
Added: Nov 11, 2025
Changed: Oct 15
Last Checked: Oct 15 at 1:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REO-TCRandolph-233022
Investment Insights
Based on property information with market context.
This fully-leased mixed-use condo building offers over 18,000 square feet of restaurant, retail, and office spaces. Situated on 4.3 acres with frontage on M-22, the property is located across the street from West Grand Traverse Bay, near a public waterfront park and boat launch. The building comprises 6 condo units, with two additional condo pads available for further development. Ample parking, covered outdoor seating, and landscaping enhance the setting. The property includes four residences of varying sizes, currently occupied by owners or used as rentals. Additionally, the property features the Bear Den gallery on the main floor and a large insurance office on the second floor, both with existing leases.
Key Highlights
- Fully leased commercial and residential condo building generating immediate income.
- Prime location on 4.3 acres with frontage on M‑22, across from West Grand Traverse Bay, a waterfront park, and a boat launch.
- Restaurant, retail, and office spaces totaling over 18,000 square feet.**
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 49682, MI
4,272
Population
2,439
Households
1.8
Avg Household Size
52
Median Age
42%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
104
Density / Sq Mi
$89,688
Median Household Income
$37,057
Median Earnings
$1,227
Median Rent
$367,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial and residential condo building on 4.3 acres.
Where is this mixed-use property located?
The property is located at 5046 South W Bay Shore Drive Suttons Bay, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully leased commercial and residential condo building generating immediate income.; Prime location on 4.3 acres with frontage on M‑22, across from West Grand Traverse Bay, a waterfront park, and a boat launch.; Restaurant, retail, and office spaces totaling over 18,000 square feet.**
