Multifamily

Lake Leelanau, MI Multifamily Properties for Sale

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Traverse City, MI Suttons Bay, MI Cedar, MI Maple City, MI Leland, MI Empire, MI Lake Ann, MI Williamsburg, MI
8-Unit Townhouse Apartment Property
Updated: Oct 16
8-Unit Townhouse Apartment Property

540 Saint Joseph Street, Lake Leelanau, MI 49653

$1,500,000
6,272 sqft 1.22 AC lot
Eight townhouse units across two buildings, with four units in each
Each unit has 2 bedrooms and 1.5 bathrooms
Built in 2002; 6,272 square feet on 1.22 acres
Separate natural gas and electric meters for every unit
Each unit includes a 5‑foot crawlspace with furnace and water heater
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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Leelanau, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

Hotel Property with Lake Views
Hotel Property with Lake Views

1757 N Manitou Trail, Leland, MI 49654

$4,200,000
9,244 sqft 4.33 AC lot

Hospitality property with multiple buildings, short-term rental accommodations, and private frontage across the road from North Lake Leelanau.

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Mixed-Use Building with Furnished Residences
Mixed-Use Building with Furnished Residences

Traverse City, MI 49684

$4,150,000
12,870 sqft

Eight furnished residential units accompany a leased ground-floor commercial space.

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Multi-Building Lakefront Hotel
Multi-Building Lakefront Hotel

1757 N Manitou Trl, Leland, MI 49654

$4,200,000
9,244 sqft

Hospitality property with short-term lodging, a historic lodge, guest services, and recreational rental operations.

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Duplex with Three-Stall Garage
Duplex with Three-Stall Garage

131 N Spruce, Traverse City, MI 49684

$599,900

Two separate living spaces provide flexible residential income and household accommodation.

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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.

Elevated Farmland Development Parcel
Elevated Farmland Development Parcel

Parcel C E Duck Lake Road, Suttons Bay, MI 49682

$2,400,000
74.20 AC lot

Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

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Lake Leelanau, MI Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Lake Leelanau, MI on our real estate platform. These investment opportunities span a total of 6,272 square feet of properties for sale, with an estimated market value of $1,500,000.

Sale prices for multifamily properties in Lake Leelanau, MI average $1,500,000 — 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

Apartment buildings 1

Demographics Overview

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

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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