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    OFF-MARKET
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    9226 Duck Lake Rd, Suttons Bay, MI 49682

    149.82 ac lot
    Property ID
    Property summary
    AI-generated overview

    Leabo Farm presents a unique 149.82-acre development opportunity in Suttons Bay, Michigan. This exceptional property boasts breathtaking views of Grand Traverse Bay, Lake Leelanau, Lake Michigan, the Manitou Islands, and Pyramid Point. Located less than a mile from downtown Suttons Bay and Grand Traverse Bay, and within 30 minutes of Traverse City and Sleeping Bear Dunes National Lakeshore, this prime location offers unparalleled access to recreational activities and natural beauty. The property is zoned for agriculture and includes existing structures: a farmhouse with an attached garage, two large sheds, two historic wood barns (early 1900s), and a double pole barn connected to a wood garage. Approximately two-thirds of the land offers stunning water views. Conceptual development plans are available, suggesting potential for up to 74 lots, with a projected developed value of up to $24 million. The property's high demand location makes it ideal for a variety of uses, including a residential development featuring water-view homes, a high-end RV resort, a winery, an equestrian center, or a private estate. The southeast corner borders Suttons Bay Village. The owners are open to offers for dividing the property. Located at 9226 E Duck Lake Rd, Suttons Bay, MI 49682.

    Property profile
    Verified
    Property type Land
    Lot 149.82 ac (6,526,159 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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