Discover 7 Exceptional Commercial Properties for Sale and Lease in Boyne Falls, MI

Boyne Falls, MI Commercial Real Estate for Sale and Lease

Boyne Falls, MI boasts a vibrant commercial scene set against Northern Michigan’s stunning landscapes. From affordable highway-front retail spaces to quaint downtown storefronts, businesses benefit from steady visitor traffic driven by Boyne Mountain Resort’s year-round skiing, golfing, and events. Local incentives—like façade grants and brownfield redevelopment assistance—make it easier for entrepreneurs to launch or expand ventures here.

The community’s tight-knit spirit shines through the Boyne Area Chamber of Commerce and seasonal festivals, creating strong networking opportunities. Light-industrial and warehousing facilities along US-131 complement hospitality and retail sectors, offering diverse investment options. Whether you’re opening a café on Main Street or leasing warehouse bays, Boyne Falls combines small-town charm with solid commercial potential.

Real Estate Statistics

Average Price	$132K
Lowest Price	$99K
Highest Price	$159K
Total Listings	3
Avg. Price/SQFT	$110

Property Types (active listings)

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$159,000

02797 Us 131 N C11, Boyne Falls

0 Beds 0 Baths 1,200 SqFt Commercial MLS® # 474734

$139,000

02797 Us 131 N Unit 31g, Boyne Falls

0 Beds 0 Baths 1,200 SqFt Commercial MLS® # 474733

$99,000

02797 Us 131 N Unit 34g, Boyne Falls

0 Beds 0 Baths 1,200 SqFt Commercial MLS® # 466792

Boyne Falls, MI Commercial Real Estate for Sale and Lease: 7 Exceptional Deals

Discover 7 exceptional commercial properties in Boyne Falls with prime locations, competitive pricing, and growth potential.

Overview of the Boyne Falls Commercial Real Estate Market

Boyne Falls, MI Commercial Real Estate for Sale and Lease has attracted growing attention from investors and business owners alike. It’s easy to see why—nestled at the gateway to Boyne Mountain Resort and along the scenic Boyne River, this small village packs a powerful economic punch. Within the first few pages of any market report, you’ll spot key drivers like tourism, outdoor recreation, and local manufacturing shaping demand for commercial space.

First off, the tourism sector fuels much of the area’s growth. Boyne Mountain Resort draws skiers, mountain bikers, and families year-round. During peak winter weekends, occupancy for nearby hospitality venues often eclipses 90%, which translates into strong revenue potential for investors who own hotels, restaurant sites, or retail shops in town. Additionally, Boyne Falls’ proximity to Petoskey and Traverse City (just a 30–45 minute drive) expands its catchment area for both shoppers and workers, making commercial properties here an up-and-coming opportunity.

Furthermore, the manufacturing and light-industrial segments have carved out a niche. Small-scale fabrication shops and distribution centers find Boyne Falls appealing due to lower land costs compared to larger Michigan cities, while still enjoying access to US-131 and state highways. Over the past five years, vacancy rates for warehouse and flex spaces have dipped below 8%, indicating strong absorption .

On the demographic front, Boyne Falls has a stable population of around 350 residents, but the broader Boyne Valley Township exceeds 2,500. Median household incomes are above the state average, and a growing number of remote workers and retirees are drawn by the region’s quality-of-life amenities. As remote work remains popular, demand for small office suites and coworking spaces has started to emerge—proof that this market isn’t just seasonal.

Key economic indicators:

• Tourism Revenue: Over $150 million annually within the Boyne Mountain/Valley ecosystem.

• Manufacturing Payroll: Approximately $25 million, supporting 200+ regional jobs.

• Population Growth: 3.5 % increase in the last decade in the greater township area.

Given these trends, entrepreneurs eyeing Boyne Falls will find opportunities to buy or lease retail storefronts, office suites, warehouse bays, and hospitality venues. And because local government actively supports small businesses—offering façade grants and brownfield redevelopment incentives—moving in is smoother than you might think. If you’re curious about community events, the Boyne Area Chamber of Commerce is a great resource for learning more about business development programs and networking opportunities.

Boyne Falls, MI Commercial Real Estate for Sale and Lease: Key Property Types

Boyne Falls presents a diverse mix of commercial real estate options. Whether you’re looking for a compact retail shop by the river or a large warehouse for light manufacturing, you’ll find properties to match your needs—and your budget.

Property Type	Typical Size	Average Price Range	Ideal Use Cases
Retail Spaces	1,000–5,000 sq ft	$150,000–$500,000	Boutiques, cafés, visitor centers
Office Buildings	1,500–10,000 sq ft	$200,000–$1,000,000+	Professional services, startups
Industrial/Warehousing	5,000–20,000 sq ft	$300,000–$2,000,000+	Storage, light fabrication
Hospitality/Mixed-Use	Varies (1–50 rooms)	$500,000–$3,000,000+	Hotels, B&Bs, live/work developments

Retail Spaces

Retail storefronts in Boyne Falls often front on US-131 or Main Street, ensuring solid visibility and foot traffic. You’ll see spaces ranging from cozy 1,200 sq ft shops under $200K to larger 4,500 sq ft sites with drive-through capability priced near $450K. Vacancy rates hover around 5%—low by regional standards—so it pays to act fast when a good deal hits the market.

Office Buildings

Demand for light office space has ticked up, thanks largely to remote-work trends. Class B offices (2,000–5,000 sq ft) lease for $12–$15 per sq ft NNN annually, making them affordable compared to bigger markets. Investors often convert former retail units into modern coworking hubs, blending private offices with communal lounges and meeting rooms.

Industrial & Warehousing

Industrial properties range from small 3,000 sq ft bays to expansive 20,000 sq ft facilities. Sellers typically list turnkey units—complete with loading docks and 16-ft ceilings—between $250K and $1.8M. Lease rates start around $7 per sq ft for well-maintained buildings, offering excellent margins for light manufacturing or storage businesses.

Hospitality & Mixed-Use Developments

With peak occupancy seasons spanning winter skiing to summer golf, hospitality sites command strong returns. Modest inns (10–15 rooms) often sell in the $600K–$1M range, while larger motels and mixed-use complexes can exceed $2.5M. Mixed-use zoning allows ground-floor retail with residential or short-term rental units above—ideal for investor-operators seeking diversified cash flow.

Through detailed property searches, you’ll uncover seven standout listings right now, each offering distinct advantages—whether that’s waterfront views, highway frontage, or proximity to the ski lifts. With broad property types on offer and attractive entry prices, Boyne Falls is poised for steady commercial growth.

Prime Neighborhoods and Investment Hotspots in Boyne Falls

Location matters, and Boyne Falls delivers several hotspots that are piquing investor interest:

Downtown Boyne Falls

The heart of the village, downtown boasts historic brick storefronts, pedestrian-friendly sidewalks, and a charming small-town vibe. You’ll find retail shops, a few eateries, and community event spaces. Properties here range from $180K for 1,200 sq ft storefronts up to $650K for larger mixed-use buildings.

Boyne Valley Corridor

Stretching along US-131 toward Boyne City, this corridor offers high visibility and easy highway access. Ideal for auto-service centers, quick-serve restaurants, and big-box retail, parcels here start at $100K for undeveloped land and go up to $1.2M for developed lots with structures included.

Boyne Mountain Resort Area

Just a five-minute drive from the slopes, this area is a magnet for hospitality and recreation businesses. Look for lodges, ski shops, and seasonal rental investments. Recent sales include a 20-unit lodge at $2.3M and a 3,500 sq ft retail ski-gear shop at $475K.

Riverfront District

Along the Boyne River, a handful of redevelopment projects are underway. Investors are converting old mills into artisan markets and event venues. Land parcels overlooking the water list between $150K and $400K, with conditional use permits available for mixed-use concepts.

Table: Comparative Snapshot of Investment Zones

By targeting these hotspots, you can align your investment strategy with the right mix of cash-flow stability and appreciation potential. Plus, infrastructure improvements—like a planned highway interchange upgrade—promise even stronger traffic counts through these corridors in the next 2–3 years.

Market Trends, Pricing & Financing

Understanding market dynamics and financing options is crucial before you dive in. Boyne Falls exhibits several notable trends:

1. Steady Cap Rate Compression
   Over the past three years, average cap rates have fallen from around 8.5 % to roughly 7.2 %, reflecting higher competition and institutional interest in smaller markets.

2. Rising Lease Rates
   Lease rates for retail and office spaces have climbed about 10 % since 2021. NNN rates now average $12.50 per sq ft for offices and $14.75 for retail.

3. Land Scarcity Driving Up Prices
   Vacant land parcels under five acres have nearly doubled in value, from $3 per sq ft to $5.50 per sq ft, spurred by zoning flexibility and limited new subdivisions.

4. Emerging Coworking Demand
   With remote work normalized, shared-office providers are securing 3- to 5-year leases on flex spaces—often with built-in furniture and amenities—underscoring a shift in how businesses occupy space.

Pricing Benchmarks

Financing Options

• SBA 7(a) and 504 Loans:
  Ideal for owner-occupiers, these loans cover up to 90 % of renovation costs and offer 10–20 year terms at fixed rates around 6–7 %.

• Conventional Bank Loans:
  For stabilized assets with strong tenants, expect down payments of 20–30 %, interest rates near 6 %, and amortizations up to 25 years.

• Private Equity & Joint Ventures:
  Equity partners often invest in projects requiring major redevelopment, exchanging 30–50 % equity stakes for capital injections that reduce sponsor risk.

• Local & State Incentives:
  The Michigan Economic Development Corporation (MEDC) offers brownfield grants and tax credits that can cover up to 25 % of eligible redevelopment costs, depending on project scope.

Given these pricing and financing structures, you can tailor your acquisition strategy—whether you’re seeking a stabilized cash-flow asset or a value-add redevelopment play. And don’t forget: working with local brokers and lenders who know Boyne Falls inside and out will streamline your path to closing.

Steps to Buying, Leasing & Managing Commercial Property in Boyne Falls

Securing and operating commercial real estate here involves several critical steps:

1. Engage a Local Commercial Broker

A broker with on-the-ground knowledge will alert you to off-market deals and handle initial property tours. Look for someone who’s closed multiple transactions in the Boyne Falls area in the past year.

2. Define Your Investment Criteria

Clarify desired property type, target cap rate, location priorities (e.g., highway frontage vs. downtown), and budget. This focus prevents scope creep and keeps you within ROI targets.

3. Conduct Thorough Due Diligence

• Physical Inspection: Hire inspectors for roof, HVAC, environmental hazards (Phase 1 ESA).

• Financial Review: Examine rent rolls, lease abstracts, tax bills, and expense statements.

• Zoning & Permits: Verify permitted uses, parking requirements, and signage regulations with Boyne Falls Township.

4. Secure Financing

Obtain pre-approval from SBA lenders or banks to strengthen your offer. If you qualify for MEDC incentives, submit applications early to align financing with closing dates.

5. Negotiate & Close

• Submit a Letter of Intent (LOI) outlining price, earnest money, due-diligence period, and closing timeline.

• Work with attorneys to review purchase agreements, ensuring clauses protect your interests—such as clear contingency exits if financing or inspections fail.

6. Lease-Up or Transition

If you’re leasing space:

• Market via commercial listing services, social media, and local networks.

• Offer tenant improvement allowances to attract quality tenants.

If you’ve purchased an existing lease:

• Communicate with current tenants about management changes.

• Implement property management software for rent collection and maintenance tracking.

7. Ongoing Property Management

• Maintenance & Repairs: Schedule routine inspections and address issues promptly to retain tenants.

• Financial Reporting: Provide quarterly statements to investors or partners.

• Renewals & Re-Leasing: Start lease renewal discussions 6–12 months before expirations to minimize downtime.

By following these steps and partnering with local experts, you’ll streamline acquisition and operation—maximizing returns while minimizing headaches.

Frequently Asked Questions

Q. What is the current state of the commercial real estate market in Boyne Falls, MI?

A. The market is robust, with vacancy rates under 8% for most asset classes and cap rates averaging around 7.2%—reflecting strong investor confidence. Seasonal tourism and light industrial demand keep absorption rates healthy.

Q. What financing options are available for commercial property investors?

A. Investors can leverage SBA 7(a) and 504 loans for owner-occupied deals, conventional bank financing for stabilized assets, and private equity or joint ventures for redevelopment projects. Local incentives via the Michigan Economic Development Corporation may also apply.

Q. Are there tax incentives for businesses locating in Boyne Falls?

A. Yes. The MEDC offers brownfield redevelopment credits, historic preservation tax credits, and strategic site Michigan Business Development Program grants—covering portions of eligible project costs and improving overall returns.

Q. How can I find the best location for my commercial venture?

A. Engage a local broker with proven Boyne Falls experience, review traffic counts and demographic reports, and attend community chamber events to gauge foot traffic and visibility. Tools such as GIS mapping and site-visit observations help finalize your choice.

Q. What is the process for leasing commercial space in Boyne Falls?

A. After identifying desired properties, submit a Letter of Intent, negotiate lease terms (rent, term length, TI allowances), complete due diligence inspections, and sign the formal lease. Early engagement with landlords and clear communication speeds up the timeline.

Q. How do property management services work in Boyne Falls?

A. Professional managers handle rent collection, maintenance coordination, financial reporting, and tenant relations. Fees typically range from 4–8% of collected rents, with additional charges for leasing services and capital project oversight.

Conclusion

Boyne Falls, MI Commercial Real Estate for Sale and Lease offers a compelling blend of affordability, diverse property types, and strong tourism-driven demand. From downtown storefronts to highway-front industrial bays, savvy investors can secure attractive cap rates and benefit from rising lease rates. By understanding market trends, tapping into financing incentives, and following best practices for acquisition and management, you can position yourself for success in this growing Michigan market.

Continue your Northern Michigan commercial real estate search in the communities below or contact Brook Walsh to help you with your search.