Waterfront

Lake Leelanau, MI Waterfront Land for Sale

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Traverse City, MI Cedar, MI Suttons Bay, MI Maple City, MI Leland, MI Empire, MI
6 properties
Waterfront Land Parcel with Private Lake Frontage
Updated: Jul 15
Waterfront Land Parcel with Private Lake Frontage

N Sunset Shores Drive, Lake Leelanau, MI 49653

$880,000
0.70 AC lot
0.70‑acre waterfront lot on North Lake Leelanau
100 feet of private lake frontage
Cleared building envelope ready for home planning
Septic approval for a pump‑and‑haul system is in place
Plans for a community septic system in the works
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Commercial Land with M204 Frontage
Updated: Aug 14
Commercial Land with M204 Frontage

V/L W MAIN STREET, Lake Leelanau, MI 49653

$145,000
C‑2‑zoned commercial land in Leland Township
Approximately 95' of direct frontage along M204
Leland municipal sewer available
Any sewer assessment is assumed by the buyer
Located near the heart of Lake Leelanau
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Lake Leelanau Waterfront Residential Lot
Lake Leelanau Waterfront Residential Lot

1777 S Lake Shore Drive, Lake Leelanau, MI 49653

$800,000
1.40 AC lot

Build on an approved MDEQ site with 203 feet of lake frontage and a gravel drive on 1.4 acres.

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Waterfront Homesite with Lake Views
Waterfront Homesite with Lake Views

Lot 30 & 31 N, Lake Leelanau, MI 49653

$295,000
0.46 AC lot

Elevated waterfront homesite on 0.46 acres with westerly views over North Lake Leelanau, accessed off a private road.

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Waterfront Homesite with Lake View
Waterfront Homesite with Lake View

Lake Leelanau, MI 49653

$109,000

Gently level homesite in Bay Hill with four-season views overlooking Lake Leelanau and mature hardwoods along the western edge.

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Waterfront Homesite with Lake Views
Waterfront Homesite with Lake Views

Lot 28 & 29 N, Lake Leelanau, MI 49653

$295,000

Residential building lot with expansive westerly views over North Lake Leelanau, accessed via a private road.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 Active listings in Lake Leelanau, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

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 comprising multiple buildings and short-term lodging units near North Lake Leelanau.

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Panoramic Water-View Waterfront Land Parcel
Panoramic Water-View Waterfront Land Parcel

9224 E Duck Lake Road, Suttons Bay, MI 49682

$4,925,000
1,783 sqft 149.80 AC lot

Panoramic water views on a large parcel with multiple outbuildings, including barns and a farmhouse, plus private water via three wells.

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Waterfront Land with Riverfront Access
Waterfront Land with Riverfront Access

204 S Chandler St, Leland, MI 49654

$5,000,000
1.31 AC lot

Buildable riverfront parcels in downtown Leland with substantial frontage and existing well and municipal sewer on site.

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Large Acreage with Water Views
Large Acreage with Water Views

Suttons Bay, MI 49682

$4,925,000
149.80 AC lot

Acreage near Grand Traverse Bay ideal for development.

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Lake Leelanau, MI Waterfront Land Market Trends and Statistics

Explore 6 waterfront land for sale in Lake Leelanau, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 111,514 square feet of properties for sale, with an estimated market value of $2,524,000.

Sale prices for water rights properties in Lake Leelanau, MI start at $109,000, averaging $420,666, and reaching up to $880,000 — 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

Residential land & home lots 7
Waterfront Land 6
Agricultural land / Farmland 2
Commercial land 1
Hunting land 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 $614K

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)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Leelanau County

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