Retail

Lake Leelanau, MI Retail Space for Sale

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Traverse City, MI Cedar, MI Suttons Bay, 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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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 6 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Leelanau, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Downtown Traverse City Retail Condo
Downtown Traverse City Retail Condo

Traverse City, MI 49684

$891,300
2,971 sqft

Retail condo in downtown Traverse City, completion scheduled for June 2026.

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Leased Mixed-Use Condo Building
Leased Mixed-Use Condo Building

5046 South W Bay Shore Drive, Suttons Bay, MI 49682

$199,000
18,000 sqft 4.30 AC lot

Fully leased commercial and residential condo building on 4.3 acres.

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Retail Building with Farm Market
Retail Building with Farm Market

11184 N Mill Street, Northport, MI 49670

$499,000
1,900 sqft 7.88 AC lot

Existing farm market with private water, septic service, and a dedicated parking area.

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Mixed-Use Property with Apartment
Mixed-Use Property with Apartment

6375 E Traverse Highway, Traverse City, MI 49684

$949,900
4,608 sqft 1.07 AC lot

Commercial property combining retail operations with an upstairs residential unit and on-site parking.

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Off-Market Properties in Lake Leelanau, MI

Consider similar Off-Market properties in Lake Leelanau, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

7334 Duck Lake Rd
Individual retail properties

7334 Duck Lake Rd, Lake Leelanau, MI 49653

Estimated value: by Request
7,260 sqft 1.40 AC lot
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Lake Leelanau, MI Retail Space Market Trends and Statistics

Explore 2 retail space 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 retail space 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

Storefront properties 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)

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