5046 S W Bay Shore Dr Suttons Bay, MI 49682

Listing Agency REO-TC/Randolph b***@bernardgroupmi.com Show Phone

Listed by Blake Bernard · License #T6501380347

Source Crexi

Added: Jun 30, 2023 Checked: Jul 16 at 7:23 am

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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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FAQs

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 S W Bay Shore Dr Suttons Bay, MI.

What is the asking price?

The asking price for this property is $2,999,900.

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.**