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    Leland, MI
    Residential Income

    Leland, MI Residential Income Properties for Sale

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    Lake Leelanau, MI Glen Arbor, MI Northport, MI Cedar, MI Maple City, MI Suttons Bay, MI Empire, MI Traverse City, MI
    Hotel Property with Lake Views
    Updated: Aug 6
    Hotel Property with Lake Views

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft 4.33 AC lot
    Five buildings totaling 9,244 square feet
    18 short‑term rental units
    4.33‑acre property with 200 feet of private frontage across the road on North Lake Leelanau
    Historic 1906 main lodge with innkeeper’s quarters, office, and gift shop
    Lake views with kayak and paddle board rentals offered
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    Hotel Property With Lake Views
    Updated: Aug 6
    Hotel Property With Lake Views

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft 4.33 AC lot
    Five‑building hotel property totaling 9,244 square feet
    18 short‑term rental units across the property
    4.33‑acre site in Leland, Michigan
    200 feet of private frontage across the road from North Lake Leelanau
    1906 main lodge with innkeeper quarters, office, and gift shop
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Leland, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    End-Unit Duplex Condo with Fireplace
    End-Unit Duplex Condo with Fireplace

    723 N Apple Tree Drive, Suttons Bay, MI 49682

    $599,000
    1,504 sqft

    End-unit duplex condo with main-floor living, loft, patio, and fireplace, plus single garage and a dedicated second parking spot.

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    Remodeled 4-Plex with Flexible Use
    Remodeled 4-Plex with Flexible Use

    607 W Front St, Traverse City, MI 49684

    $1,700,000

    Fully remodeled 4-plex offers multiple unit configurations and flexible C-2 zoning for a variety of commercial and housing uses.

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    Tenant-Owned Manufactured Housing Community
    Tenant-Owned Manufactured Housing Community

    9178 S LUCILLE ST LOT 25, Traverse City, MI 49684

    Contact for pricing
    10.56 AC lot

    First Point MHC is a 50-unit, 100% occupied tenant-owned manufactured housing community with private well and septic systems.

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    BINGHAM TWP, MI
    BINGHAM TWP, MI

    Suttons Bay, MI 49682

    $825,000

    Agricultural land / Farmland

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Horses-Allowed Hobby Farm Land
    Horses-Allowed Hobby Farm Land

    S Schomberg Road, Lake Leelanau, MI 49653

    $228,000
    9.50 AC lot

    Nearly 10 acres with horses-allowed zoning and multiple build-site options, including potential seasonal Lake Leelanau views.

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    Wooded Residential Land Parcel
    Wooded Residential Land Parcel

    6 acres N Manitou Trail, Leland, MI 49654

    $239,000
    6.04 AC lot

    6-acre wooded lot with mature hardwoods and rolling terrain, offering a secluded setting near Leland and Lake Michigan.

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    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

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    Rolling Farmland Parcel with Water Views
    Rolling Farmland Parcel with Water Views

    Parcel B E Duck Lake Road, Suttons Bay, MI 49682

    $1,350,000
    46.40 AC lot

    46.4-acre agricultural parcel with rolling terrain and water views near Grand Traverse Bay and downtown Suttons Bay.

    View details

    Leland, MI Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Leland, MI on our real estate platform. These investment opportunities span a total of 18,488 square feet of properties for sale, with an estimated market value of $8,400,000.

    Sale prices for residential income properties in Leland, MI average $4,200,000 — 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

    Multifamily properties 3
    Short term rental properties 3
    Single family properties 1

    Demographics Overview

    Population 737
    Population Growth (5Y) +42.0%
    Median Household Income $119,107
    College Educated 72.6%

    Taxes & Financing

    Tax Rate (average for all types) 2.37%
    Tax Rate vs County Average 0.13 pp above 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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