Property profile

7200 Duck Lk Rd Lake Leelanau, MI 49653

OFF-MARKET
Other commercial real estate
Property ID
US43-3628340
2 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property is located in Leelanau County along the Lake Leelanau business corridor and comprises two commercial buildings on a two-acre site. The primary building contains 4,840 square feet and is configured with a reception area, conference room, multiple offices, workstations, manufacturing/production space, storage, and two ADA-compliant restrooms. A second building totaling approximately half of the overall 7,396-square-foot property is used primarily for storage and is rough-plumbed for a restroom; it is constructed in framed-shell condition with exposed studs and no interior finishes, allowing flexibility for future build-out. The site’s zoning supports a range of uses including residential, office, retail, commercial, manufacture/warehouse, restaurant/food, motel/hotel, planned unit development, special use, and automotive service.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2 ac (87,120 SF)
APN 009-024-018-20
UPID US43-3628340

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Publishing House Newspaper & Magazine
  • Publishing House

Location

7200 Duck Lk Rd Lake Leelanau, MI 49653-9779
Lake Leelanau metro Census 970202 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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