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407 S Main Street

Leland, MI 49654
  • $1,990,000
  • STATUS: Active
  • ON SITE: 108 Days
  • MLS #: 1931931
UPDATED: 230 min ago
$1,990,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,875
    SQFT
  • $289
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1925
County:
Area:

School Ratings & Info

Description

Unique opportunity to own on the river! Prime 0.33 acre redevelopment property with almost 50' of river frontage in Downtown Leland. The L-shaped lot is well suited for residential redevelopment, and includes approximately 178' of frontage on S Main St/M-22. The existing building features approximately 6,875 SF of mixed-use space, including a restaurant/cafe up-front, office space in the middle, and a residential townhome on the river, which is currently being used as a short-term rental unit. With commercial zoning and existing income from leases, this property provides plenty of flexibility to a new owner. Don't miss this rare opportunity to own in Downtown Leland!

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-07-19T23:52:27.313.
www.housestraversecity.com/homes/162131865
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407 S Main Street Leland, MI 49654

  • Price: $1,990,000
  • Status: Active
  • On Site: 108 Days
  • Updated: 230 min ago
  • MLS #: 1931931
0
Beds
0
Baths
0
½ Baths
0.33
Acres
6,875
SQFT
$289
$/SQFT
1925
Built
Neighborhood:
N/A
County:
Leelanau
Area:
Leelanau
Property Description
Unique opportunity to own on the river! Prime 0.33 acre redevelopment property with almost 50' of river frontage in Downtown Leland. The L-shaped lot is well suited for residential redevelopment, and includes approximately 178' of frontage on S Main St/M-22. The existing building features approximately 6,875 SF of mixed-use space, including a restaurant/cafe up-front, office space in the middle, and a residential townhome on the river, which is currently being used as a short-term rental unit. With commercial zoning and existing income from leases, this property provides plenty of flexibility to a new owner. Don't miss this rare opportunity to own in Downtown Leland!
Exterior Features

Body Of Water Leland River Construction Frame Exterior Features Wood Foundation Crawl SpaceSlab Lot Dimensions 50x128 Parking CommonParking Lot Road Public Maintained Roof Asphalt Water Front Footage 50

Interior Features

Heating Cooling Type Forced Air

Property Features

Business Incl No Business Name N/A Deeded Waterfront Yes Documents On File LeasesSurvey Eco Features No Extras None Heating Cooling Source Natural Gas Included In Lease Other Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Freestanding Possession Subject to Tenants Rights Present Use Restaurant/Food ServiceOffice BuildingBed & BreakfastOther Private Shared Private Sale Or Lease For Sale Sale Rent For Sale Section Number 9 Sewer Municipal Terms Commercial LoanCash1031 Exchange Township Leland Type Retail/Commercial Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Private Well Zoning OfficeOtherCommercialRestaurant/Food

Listing information © 2025 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt Traver: 231-922-2350.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-07-19T23:52:27.313.
 
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500 S. Union
Traverse City MI, 49684