7200 E Duck Lake Road, Lake Leelanau, MI 49653
sale
$1,185,000
|
Other
Courtesy Of Schaub Team Premier Realty
P.O. Pox 956, Suttons Bay, MI 49682
Unique opportunity to invest in a growing community in the heart of Leelanau County. This offering includes two acres and two commercial buildings located along the high-visibility business corridor of Lake Leelanau. The primary building, totaling 4,840 sq ft, is currently leased to the Leelanau Enterprise through October 2028 and includes a reception area, conference room, multiple offices, workstations, manufacturing/production space, two ADA-compliant restrooms, and storage. Note: Sale includes real estate & buildings only. Business, furniture, equipment, and printing machinery are not included. The second building, 2,556 sq ft, & offers flexible potential and is primarily used for storage, with approximately half utilized by the tenant with current lease. The structure is in framed-shell condition with exposed studs and no interior finishes, offering flexibility for future build-out and is rough-plumbed for a restroom. This property benefits from strong traffic counts, steady year-round activity, and demographics that support continued commercial growth in Lake Leelanau. Market potential is enhanced by the area s mix of local businesses, tourism-driven demand, and a central position within the Leelanau Peninsula. Due to the nature of highly classified materials within the leased business operation, interior showings are not permitted. An extensive library of photos, videos, and 360° tours is available for buyer review. Prospective purchasers may schedule a grounds-only tour on weekends via ShowingTime with a licensed agent. The property currently generates $54,024 in annual lease income, with the tenant responsible for all operating expenses except property taxes, which are paid by the owner. Offers will be considered beginning Dec 18th to allow prospective buyers adequate time to complete due diligence and review all available materials. See assoc documents for building dimensions, survey, Commercial zoning ordinance, traffic data, and demographic overview.
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Property Features
- Age: 21-30 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Heating System: Forced Air
- MLSID: 1940608
- Parking Spaces: 20
- Roof Type: Asphalt
- Rooms: Basement
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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