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    Suttons Bay, MI
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    Suttons Bay, MI Retail Space for Sale

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    Northport, MI Traverse City, MI Leland, MI Lake Leelanau, MI Cedar, MI Kewadin, MI Elk Rapids, MI Central Lake, MI
    Leased Mixed-Use Condo Building
    Updated: Jun 30, 2023
    Leased Mixed-Use Condo Building

    5046 S W Bay Shore Dr, Suttons Bay, MI 49682

    $2,999,900
    18,000 sqft 4.30 AC lot
    Fully leased commercial and residential condo building generating immediate income.
    Prime location on 4.3 acres with frontage on M‑22, across from West Grand Traverse Bay, a waterfront park, and a boat launch.
    Restaurant, retail, and office spaces totaling over 18,000 square feet.
    Features 6 condo units with 2 additional condo pads available for further development.
    Four residential units currently occupied as cash‑flowing rentals.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, 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 Suttons Bay, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Multi-Tenant Retail Warehouse Building
    Multi-Tenant Retail Warehouse Building

    144 Hall Street, Traverse City, MI 49684

    $2,950,000
    18,454 sqft 0.72 AC lot

    Multi-tenant retail warehouse building with 9 established tenants and on-site parking.

    View details
    Buildable Land with Farm Market Building
    Buildable Land with Farm Market Building

    11184 N Mill Street, Northport, MI 49670

    $499,000
    1,900 sqft 7.88 AC lot

    Nearly 8 acres include a nearly 2,000 sq. ft. building with a 5-inch well and septic in place.

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    Buildable Farmland with Market Building
    Buildable Farmland with Market Building

    11184 N Mill Street, Northport, MI 49670

    $499,000
    7.88 AC lot

    Nearly 8 acres with a nearly 2,000 SF market building, plus a 5-inch well and septic system in place.

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    Live-Work Retail and Service Property
    Live-Work Retail and Service Property

    6375 E Traverse Highway, Traverse City, MI 49684

    $949,900
    4,608 sqft 1.07 AC lot

    Commercial property includes an apartment above the main retail/service area and 250 feet of road frontage.

    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.

    Prime PUD-Zoned Land Opportunity
    Prime PUD-Zoned Land Opportunity

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    900 sqft 2.07 AC lot

    2.07 acres of PUD-zoned land in a growing corridor.

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    Suttons Bay, MI Retail Space Market Trends and Statistics

    Explore 1 retail space for sale in Suttons Bay, MI on our real estate platform. These investment opportunities span a total of 18,000 square feet of properties for sale, with an estimated market value of $2,999,900.

    Sale prices for retail space in Suttons Bay, MI start at $2,999,900, averaging $2,999,900, and reaching up to $2,999,900 — 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

    Grocery and convenience stores 2
    Storefront properties 1

    Demographics Overview

    Population 4,528
    Population Growth (5Y) +10.6%
    Median Household Income $89,688
    College Educated 66.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49682 $3M

    Taxes & Financing

    Tax Rate (average for all types) 2.68%
    Tax Rate vs County Average 0.44 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Leelanau County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Leelanau County

    Retail

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