Leland, MI Commercial Real Estate for Sale and Lease

Nestled along the scenic shores of Lake Michigan and Lake Leelanau, Leland, Michigan is a charming waterfront village that blends historic character with modern appeal. Known for its iconic Fishtown district, sandy beaches, and stunning sunsets, Leland offers a vibrant yet peaceful setting that attracts both locals and visitors year-round. The town’s walkable layout, boutique shops, local eateries, and marina make it a favorite destination for seasonal tourism and year-round living alike.

Leland’s close-knit community and strong commitment to preserving its natural beauty and cultural heritage make it an ideal location for those seeking a slower-paced, high-quality lifestyle. With excellent schools, access to outdoor recreation, and proximity to M-22, it's also an increasingly attractive hub for entrepreneurs and commercial investors looking to tap into Northern Michigan’s growing economy.

Leland, MI Commercial Real Estate for Sale and Lease

Real Estate Statistics

Average Price $5.6M
Lowest Price $5.6M
Highest Price $5.6M
Total Listings 1
Avg. Days On Market 61
Avg. Price/SQFT $606

Property Types (active listings)


Browse Interlochen, MI Commercial Real Estate for Sale and Lease

Interlochen, MI Commercial Real Estate for Sale and Lease: Expert Guide + 21 Must-Know Insights

Introduction to Interlochen, MI

Introduction to Interlochen, MI

Located in the heart of Northern Michigan, Interlochen is a hidden gem for commercial real estate investment. Known for its natural beauty, vibrant cultural scene, and welcoming community, Interlochen offers a unique blend of small-town charm and economic opportunity. Whether you're a first-time investor or a seasoned commercial property buyer, Interlochen presents compelling reasons to take a closer look.

The Charm of Interlochen’s Location

Interlochen sits just southwest of Traverse City, offering accessibility without sacrificing the tranquility that defines Northern Michigan. Surrounded by forests, lakes, and the famous Interlochen State Park, this region attracts seasonal visitors and full-time residents alike. For businesses, that means a consistent flow of potential customers and clients.

Why Businesses Choose Interlochen

What makes Interlochen an attractive destination for businesses? In a word: community. With a year-round population that swells during tourist seasons, businesses benefit from steady foot traffic and enthusiastic local support. Proximity to Interlochen Center for the Arts also draws artists, educators, and patrons from across the country—an audience with spending power and interest in unique local experiences.

Overview of the Interlochen Commercial Market

Before diving into specific properties, it’s essential to understand the overall health and potential of Interlochen’s commercial real estate market. The area continues to attract retail operators, creative studios, hospitality providers, and service-oriented businesses due to its balanced market conditions and appealing lifestyle factors.

Market Trends and Historical Performance

Over the past decade, Interlochen has demonstrated stable growth in commercial property values, largely driven by tourism, increased migration to Northern Michigan, and cultural investments. While it may not show explosive price swings like metropolitan areas, this steadiness offers reliability for long-term investors.

Average Price Per Square Foot

Commercial properties in Interlochen typically range from $90 to $200 per square foot, depending on proximity to major roads, zoning, and condition. Lease rates fall between $12 and $22 per square foot annually, with some premium spaces commanding higher rents due to traffic exposure and amenities.

Types of Commercial Properties Available

Interlochen offers a diverse mix of commercial real estate options:

  • Retail storefronts along M-137 and US-31

  • Office buildings ideal for medical or professional services

  • Light industrial and warehouse space near transit routes

  • Mixed-use buildings that blend retail, office, and residential uses

Top Commercial Property Types in Interlochen

Let’s explore what kinds of spaces you can expect when investing or leasing in this lakeside town.

Retail Spaces

Highly sought-after due to tourism and community activity, retail storefronts in Interlochen often sit on M-137 or near Interlochen Center for the Arts. These units are ideal for boutiques, food and beverage operations, galleries, and small local services.

Office Buildings

Office space remains in demand for legal, financial, medical, and creative businesses. Most buildings are standalone or part of a mixed-use setup and often feature parking, signage opportunities, and high-speed internet—essential for modern operations.

Industrial Warehouses

While limited in inventory, warehouse and light manufacturing space exists along US-31. These are well-suited for tradespeople, logistics, and e-commerce fulfillment centers seeking proximity to Traverse City and the broader Northern Michigan corridor.

Mixed-Use Developments

The rise of mixed-use developments reflects modern trends in walkability and community-centric design. Properties featuring retail below and residential or office space above are emerging, particularly near community centers and event venues.

High-Demand Commercial Corridors

Where you choose to lease or buy in Interlochen matters. Below are top-performing commercial corridors with consistent visibility and accessibility.

US-31 Business Route

Running east-west, US-31 is a major artery for Northern Michigan traffic. Businesses located here benefit from high daily traffic counts and easy access to surrounding communities like Traverse City and Honor.

South Long Lake Road Area

Emerging as a suburban-like corridor with a blend of residential and commercial uses, this area is ideal for service-oriented businesses like salons, veterinary clinics, or daycare centers.

Near Interlochen Center for the Arts

Proximity to this world-renowned institution can provide a steady stream of affluent visitors. Ideal for art galleries, cafes, and boutique shops, these properties see spikes in activity during event seasons.

Zoning and Development Regulations in Interlochen

Understanding zoning is critical to any commercial real estate venture. Interlochen is unincorporated but falls under Green Lake Township jurisdiction, so township zoning codes apply.

Zoning Classifications

Green Lake Township designates zones as C-1 (Neighborhood Commercial), C-2 (General Commercial), and LI (Light Industrial). Be sure to verify intended use with township zoning maps and consult the Zoning Administrator if needed.

Permitting Process

The permit process includes site plan approval, use verification, and in some cases, environmental assessments. Working with a local agent and builder can speed up this often-complex process.

Environmental Considerations

Properties near water or wetlands may be subject to Michigan Department of Environment, Great Lakes, and Energy (EGLE) oversight. Always check floodplain maps and stormwater compliance regulations before buying or developing.

Investment Potential in Interlochen

Investment Potential in Interlochen

Is commercial real estate in Interlochen a wise investment? The short answer: yes—if approached strategically.

ROI Expectations

Depending on the type and location, investors in Interlochen can expect annual returns between 7% and 12%, with lease terms ranging from 3 to 10 years. Properties near cultural or recreational assets tend to outperform others.

Case Studies: Successful Commercial Investments

  • Local Coffeehouse: Turned a vacant storefront into a profitable café and music venue thanks to proximity to Interlochen Center for the Arts.

  • Lakeside Retail Strip: Rehabilitated and fully leased within one year, offering steady cash flow and rising appreciation.

Leasing vs. Buying in Interlochen

Choosing between leasing and buying commercial real estate in Interlochen depends on your long-term goals, budget, and the nature of your business. Each option has distinct advantages—and potential drawbacks—you'll want to weigh carefully.

Pros and Cons of Leasing

Leasing offers flexibility, especially for startups and seasonal businesses looking to minimize upfront costs and avoid long-term commitments.

Pros:

  • Lower initial capital investment

  • Easier to relocate if business needs change

  • Landlord handles major property maintenance

  • Often located in higher-traffic areas

Cons:

  • No equity buildup

  • Rental rates may increase over time

  • Limited control over space customization

  • Lease terms can be restrictive

This option works well for businesses testing the waters in Interlochen or those wanting access to prime locations near tourist traffic without making a full financial commitment.

Pros and Cons of Buying

Buying commercial property in Interlochen allows you to control your destiny—literally and financially. It’s a strategy favored by long-term operators and investors looking to diversify assets.

Pros:

  • Full control over design and renovations

  • Builds equity over time

  • Predictable monthly payments if financed

  • Possible rental income from unused space

Cons:

  • Higher upfront costs (down payment, inspections, closing fees)

  • Responsibility for maintenance and repairs

  • Less flexibility to move locations

Buying is particularly attractive in Interlochen due to the community's consistent growth, stable pricing, and availability of high-quality properties at competitive rates compared to larger nearby markets.

Tips for Making the Right Decision

To determine the best route, consider the following:

  • Duration of business plan (Short-term? Lease. Long-term? Buy.)

  • Available capital and access to financing

  • Desired location flexibility

  • Need for customizations

  • Future resale value of the property

Consulting with a knowledgeable real estate advisor like Brook Walsh can help clarify the ideal strategy based on your goals, whether you’re seeking a retail storefront or an industrial lot.

Working with a Local Commercial Realtor

When it comes to navigating Interlochen’s commercial property landscape, going it alone can be risky. A seasoned local agent provides insight you simply can't get from online listings.

Why Local Expertise Matters

Local realtors understand the subtle differences between neighborhoods, traffic patterns, seasonal business cycles, and zoning overlays. They often have access to pocket listings and upcoming developments before they hit the market.

In Interlochen, that knowledge is invaluable. For instance, knowing how tourism patterns shift during Interlochen Center for the Arts’ summer sessions can help you choose the right location for a café or gift shop.

Questions to Ask Your Agent

Before choosing an agent, ask:

  • Do you specialize in commercial real estate?

  • What are the current leasing and purchase trends in Interlochen?

  • Can you explain local zoning and how it affects my business type?

  • Do you have references from past commercial clients?

Their answers will give you confidence you’re working with someone who understands both the market and your vision.

Brook Walsh: Interlochen’s Real Estate Expert

Brook Walsh, Managing Broker at BrookWalsh.com, is not only a real estate professional but also a long-time Northern Michigan investor and business operator. His deep ties to Interlochen and the surrounding region give clients an unmatched advantage. Whether you're looking for a high-visibility storefront or a tucked-away office near Long Lake, Brook has the experience to help you secure the perfect space.

Financing Commercial Property in Michigan

Financing is often one of the most intimidating parts of commercial real estate—but it doesn’t have to be.

Traditional Lending vs. Alternative Financing

Most commercial buyers go through local banks or credit unions. These institutions typically require:

  • 20–30% down payment

  • Strong business financials

  • Appraisal and environmental study

Alternative options include:

  • Seller financing

  • Private equity

  • Crowdfunding platforms for commercial ventures

These approaches can work well for buyers with unique circumstances or properties that may not fit traditional lending guidelines.

SBA Loans and Grant Opportunities

The U.S. Small Business Administration (SBA) offers 504 and 7(a) loan programs specifically designed for commercial real estate purchases. These loans provide:

  • Lower down payments (as little as 10%)

  • Favorable terms up to 25 years

  • Fixed or variable interest rates

Also, consider exploring grant opportunities through local economic development offices or state-sponsored programs like those listed on the Michigan Economic Development Corporation (MEDC).

Infrastructure and Accessibility in Interlochen

Infrastructure plays a key role in the success of commercial investments. Fortunately, Interlochen scores high marks in this department.

Transportation and Logistics

Interlochen is just 15 minutes from Cherry Capital Airport and is accessible via major roads like US-31 and M-137. This makes shipping, commuting, and client travel convenient, especially for logistics-driven businesses.

Delivery and supply chains operate efficiently in the area, with numerous trucking services and short drives to rail terminals in Traverse City.

Utilities and Internet Connectivity

Modern businesses need more than water and power—they need bandwidth. Interlochen offers:

  • High-speed internet via Spectrum and other providers

  • Reliable electricity from Cherryland Electric Cooperative

  • Natural gas services available in most commercial areas

This ensures both traditional and tech-driven businesses can operate at full throttle.

Community Development and Future Growth Plans

Smart investors always look at future potential, not just present conditions. Interlochen’s future is bright thanks to several development initiatives.

Upcoming Commercial Projects

Green Lake Township has highlighted strategic areas for commercial expansion, including:

  • Retail developments near Interlochen State Park

  • Hospitality investments around Green and Duck Lakes

  • Mixed-use zoning changes to support small business hubs

Local Government Support for Businesses

Interlochen benefits from proactive local leadership. Programs supporting small business grants, signage upgrades, and storefront beautification make it easier for investors to hit the ground running.

The township board actively collaborates with business owners through public meetings and community engagement sessions, demonstrating a commitment to sustainable growth.

Frequently Asked Questions

Frequently Asked Questions

Q. What is the average lease rate in Interlochen?

A. Lease rates in Interlochen typically range from $12 to $22 per square foot annually, depending on the type, size, and location of the commercial property. Prime locations near US-31 or Interlochen Center for the Arts tend to command higher rates, while properties a bit off the main corridors may offer more affordable leasing options.

Q. Can I build on commercial-zoned land in Interlochen?

A. Yes, building on commercial-zoned land is possible in Interlochen, but it requires compliance with Green Lake Township zoning regulations and permitting procedures. You'll need to submit a site plan for approval, obtain the necessary land use permits, and ensure the property meets environmental and utility standards. Consulting with a local contractor and zoning official can help streamline the process.

Q. Are there tax incentives for businesses?

A. Indeed, there are several tax incentives and business development programs available through the State of Michigan, including property tax abatements, brownfield redevelopment credits, and opportunities through the Michigan Economic Development Corporation (MEDC). Interlochen also benefits from regional economic development support, including small business grants and job creation incentives.

Q. How do I find the right commercial property?

A. The most effective way to find the right property is to work with a local expert who understands the nuances of Interlochen’s commercial zones and future development plans. Sites like BrookWalsh.com provide listings with detailed descriptions, zoning insights, and market data. Visiting properties in person and conducting due diligence on location, traffic patterns, and tenant history is also crucial.

Q. What permits do I need to open a business in Interlochen?

A. To legally operate a business in Interlochen, you’ll likely need:

  • A township business license

  • A zoning compliance certificate

  • Building and occupancy permits (if modifying property)

  • Health department clearance (for food service businesses)

You may also require signage permits, depending on your property location and business type. Reach out to Green Lake Township's Planning Department early in the process to ensure you meet all local requirements.

Q. Is Interlochen a good place for long-term investment?

A. Absolutely. Interlochen combines steady growth, tourism-driven demand, and an expanding infrastructure network to make it a strategic long-term investment location. Property values have increased modestly year-over-year, and as more people discover the area’s cultural and natural attractions, commercial tenants are expected to follow suit. The rise in remote work and entrepreneurship only adds to its appeal.

Conclusion: Ready to Explore Commercial Real Estate in Interlochen?

Conclusion: Ready to Explore Commercial Real Estate in Interlochen

Interlochen, MI, is no longer just a scenic town in Northern Michigan—it’s a promising hub for savvy commercial real estate investors and ambitious entrepreneurs. Whether you're looking for a charming retail storefront, a professional office space, or a large lot to build your next business venture, this community offers more than just potential—it offers a foundation.

With robust zoning frameworks, an expanding infrastructure, a supportive township, and a market that rewards long-term vision, Interlochen stands out as a destination where business and beauty go hand in hand.

If you're considering investing or leasing commercial property in this area, now is the time to explore your options. And you don’t have to do it alone.

Work With Brook Walsh and Northern Michigan Escapes

When it comes to commercial real estate in Interlochen, working with a local professional is more than just smart—it’s essential. Brook Walsh, Managing Broker and experienced investor, brings deep knowledge of Northern Michigan markets, an extensive property portfolio, and a reputation for helping clients find high-ROI investments.

His platform, BrookWalsh.com, offers hand-picked listings, detailed market insights, and personal guidance through every step of the process. Whether you're seeking your first investment or adding to an expanding portfolio, Brook and the Northern Michigan Escapes team are here to help you unlock Interlochen’s potential.

Ready to take the next step in Northern Michigan’s commercial real estate market?
Visit BrookWalsh.com or contact Brook Walsh directly to schedule a consultation and start turning opportunity into ownership.


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

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