5046 Bay Shore Dr Suttons Bay, MI 49682

Property Details for 5046 Bay Shore Dr

Lot size

4.30 lot acres

Property size

18,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fully leased, mixed-use property situated on 4.3 acres in Suttons Bay, Michigan. The 18,000 square foot building boasts a thriving restaurant and bar, along with retail and office spaces, all currently under lease. Six existing condo units, all occupied, provide substantial rental income. Two additional condo pads offer expansion potential for future development. The property enjoys a prime location on M-22, directly across from West Grand Traverse Bay and a public waterfront park, ensuring high visibility and accessibility. The extensive property features include a large commercial kitchen with a walk-in cooler, ample parking, covered outdoor seating, and meticulous landscaping. Included are a small winemakers license and a Class C liquor license, along with existing wine inventory and multiple wine brands. The building also houses a successful art gallery and an insurance office, both long-term tenants. Significant potential exists to develop approximately 2,000-3,000 square feet of additional finished space in the loft areas, offering stunning bay views. The property's proximity to the boat launch presents further opportunities for expansion, such as boat storage or food and beverage delivery services. Financial details are available upon request. This unique property offers a rare combination of established income, expansion potential, and a highly desirable location in the Traverse City region. The asking price is $3,700,000, with a price per square foot of $205.56. The property's address is 5046 S W Bay Shore Dr, Suttons Bay, MI 49682.

Location Insight

City

Suttons Bay

County

Leelanau

State

Michigan

Longitude

-85.6331

Latitude

44.9064