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    Lake Leelanau, MI
    Restaurants

    Lake Leelanau, MI Restaurants for Sale

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    Traverse City, MI Suttons Bay, MI Cedar, MI Maple City, MI Leland, MI Empire, MI Lake Ann, MI
    Multi-Tenant Storefront Building
    Updated: Aug 27
    Multi-Tenant Storefront Building

    116 E Philip St, Lake Leelanau, MI 49653

    $699,000
    2,740 sqft
    2,740‑square‑foot single‑story storefront building
    Multiple‑tenant configuration
    C1 zoning
    116 E Philip St, Lake Leelanau, MI
    Land division approved by the road commission, MDOT, and Leland Township
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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    1 active listing matches your search: Restaurant for sale in Lake Leelanau, MI. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

    Opportunities in Nearby Cities

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

    Restored Victorian Bed & Breakfast
    Restored Victorian Bed & Breakfast

    18599 Mission Road, Traverse City, MI 49686

    $4,260,000
    5,644 sqft 10.86 AC lot

    Guest accommodations pair dining areas with a commercial kitchen and covered porch.

    View details
    Commercial Land with Existing Car Wash
    Commercial Land with Existing Car Wash

    4220 E M 72, Williamsburg, MI 49690

    $795,000
    1,330 sqft 1.59 AC lot

    Commercially zoned parcel with an operating-style car wash improvement, paved parking, and access near major regional routes.

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    Victorian Hotel with Lake Michigan Views
    Victorian Hotel with Lake Michigan Views

    18599 Mission Road, Traverse City, MI 49686

    $4,260,000
    10.00 AC lot

    Historic Victorian hotel on about 10 acres with 13 guest rooms, commercial kitchen, and a cafe open to the public.

    View details
    Scandinavian-Inspired Resort and Event Center
    Scandinavian-Inspired Resort and Event Center

    5961 E Oslo Street, Williamsburg, MI 49690

    $12,900,000
    1,780 sqft 18.16 AC lot

    Resort campus with cottages, hospitality facilities, event space, and approved mixed-use expansion capacity near Grand Traverse Bay.

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    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.

    Retail Space with Parking Lot
    Retail Space with Parking Lot

    1054-1060 E Front Street, Traverse City, MI 49686

    $2,250,000
    3,726 sqft 1.24 AC lot

    C-3 Community Center District zoning supports a range of allowable uses and commercial configurations.

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    Commercial Land with Utilities
    Commercial Land with Utilities

    V/L Zimmerman Road, Traverse City, MI 49685

    $125,000
    1.48 AC lot

    Commercially zoned land with municipal water and sewer available at the site.

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    Signalized Corner Commercial Land
    Signalized Corner Commercial Land

    Zimmerman Road, Traverse City, MI 49685

    $389,000
    3.50 AC lot

    Commercially zoned development site with municipal utilities at a controlled intersection.

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    Retail Building Site in Traverse
    Retail Building Site in Traverse

    3560 Marketplace Cir, Traverse City, MI 49684

    $790,000
    1.18 AC lot

    1.18 acre retail building site in major shopping destination.

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    Lake Leelanau, MI Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Lake Leelanau, MI on our real estate platform. These investment opportunities span a total of 2,740 square feet of properties for sale, with an estimated market value of $699,000.

    Sale prices for restaurant properties in Lake Leelanau, MI average $699,000 — 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

    Coffee shops 1

    Demographics Overview

    Population 1,813
    Population Growth (5Y) -10.2%
    Median Household Income $84,954
    College Educated 74.3%

    High-Yield Neighborhoods for Investment

    Identify Lake Leelanau submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49653 $699K

    Taxes & Financing

    Tax Rate (average for all types) 2.01%
    Tax Rate vs County Average 0.24 pp below county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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