9226 Duck Lake Rd, Suttons Bay, MI 49682
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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