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    Leland, MI
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    Leland, MI Multifamily Properties for Sale

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    Lake Leelanau, MI Glen Arbor, MI Northport, MI Cedar, MI Maple City, MI Suttons Bay, MI Empire, MI Traverse City, MI
    Hotel Property with Lake Views
    Updated: Aug 6
    Hotel Property with Lake Views

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft 4.33 AC lot
    Five buildings totaling 9,244 square feet
    18 short‑term rental units
    4.33‑acre hospitality property
    200 feet of private frontage across the road from North Lake Leelanau
    Historic 1906 main lodge with innkeeper quarters, office, and gift shop
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    Multi-Building Lakefront Hotel
    Updated: Jun 12
    Multi-Building Lakefront Hotel

    1757 N Manitou Trl, Leland, MI 49654

    $4,200,000
    9,244 sqft
    Five buildings totaling 9,244 square ft
    18 short‑term rental units
    4‑plus acres with 200 ft of private frontage across the road on North Lake Leelanau
    Historic 1906 main lodge with innkeeper quarters, office, and gift shop
    Kayak and paddle board rentals offered at the lakefront
    View details
    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 7 Potential Opportunities for your consideration. Besides 2 Active listings in Leland, 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.

    Restored Cottage Court Resort
    Restored Cottage Court Resort

    917 S Bayshore Drive, Elk Rapids, MI 49629

    $1,750,000
    4,000 sqft 5.88 AC lot

    Waterfront-area hospitality property with individually renovated cottages, shared guest amenities, and an on-site owners’ residence.

    View details
    Waterfront Quadplex With Cottages
    Waterfront Quadplex With Cottages

    9321 N Long Lake Road, Traverse City, MI 49684

    $1,899,000
    1,169 sqft 1.13 AC lot

    Lakefront multifamily property with separate cottages, a boathouse, and flexible multi-family zoning.

    View details
    Restored Cottage Court Resort
    Restored Cottage Court Resort

    917 S Bayshore Drive, Elk Rapids, MI 49629

    $1,750,000
    5.00 AC lot

    Ten renovated cottages with shared outdoor gathering areas sit across from public beach access.

    View details
    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.

    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.

    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.

    View details

    Leland, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Leland, MI on our real estate platform. These investment opportunities span a total of 18,488 square feet of properties for sale, with an estimated market value of $8,400,000.

    Sale prices for multifamily properties in Leland, MI average $4,200,000 — 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

    Short term rental properties 3

    Demographics Overview

    Population 737
    Population Growth (5Y) +42.0%
    Median Household Income $119,107
    College Educated 72.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49654 $4.2M

    Taxes & Financing

    Tax Rate (average for all types) 2.37%
    Tax Rate vs County Average 0.13 pp above county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

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