Unique Large Lakeview Development Site: Rare 147.85 acre land offering with fantastic views and potential views (with tree clearing) of Suttons Bay and Grand Traverse Bay. Potential for PUD single family or multifamily development or may be split into three or four large, private, wooded homesites. Also possibly mixed use potential for a hotel, timeshare, and/or resort element in the land areas with close proximity to M-22.
Site Plan Approval for High Density Housing Development Plan: The subject parcels are part of a larger 240 acre single family development plan known as Leelanau Hills (expired PUD). A well conceived, new or revised PUD plan would most likely be supported by local zoning authorities.
Stunning Vistas: The sloping terrain of the site offers the potential for sweeping views of the green and blue waters of Suttons Bay and Grand Traverse Bay.
Charming Lake Town Amenities: The Village of Suttons Bay is a beautiful historic village offering numerous boutique retail shops, quaint restaurants, breweries and wineries, several bed and breakfasts and cozy inns, an old movie theater, an art gallery, along with multiple marinas, lakeside parks and beaches with Lake Michigan access.
Convenient Up North Living: Nearby staples include a grocery store, Suttons Bay Bingham District Library, Suttons Bay Public Schools, Suttons Bay Medical Clinic, Munson Healthcare hospital (Traverse City), several pharmacies, several fitness centers, a movie theater, numerous bars and restaurants, and Leelanau Sands Casino.
Direct Access to Leelanau Trail: The subject parcel boasts 1,700 feet of frontage along the Leelanau Trail, thus offering direct access to the 16.6 mile long “Rails to Trails” paved walking and bike path that passes through Traverse City and ends at Turtle Creek Casino and Hotel.
Very Accessible Location by All Travel Methods:
Road: Only a 2 hour 32 minute drive from Grand Rapids via US Highway 131 and M-113/M-22.
Air: Gerald R Ford International Airport offers 32 direct flights across the US, while Pellston Regional Airport and Cherry Capital Airport (Traverse City) are capable of accommodating jet aircraft with service from one or more major airline.
Sea: The subject site is in very close proximity to multiple marinas providing accessibility to all five Great Lakes, which in turn offer connectivity to the Gulf of Mexico via the Mississippi Barge Route/Mississippi River through the Illinois And Michigan Canal (Chicago area) and the Atlantic Ocean via the Saint Lawrence Seaway.
Favorable Development Attributes:
Accessible Location: Reasonable drive times to major metropolitan areas, including Grand Rapids (two and a half hour drive time), Chicago, Detroit, Indianapolis, Cleveland, Cincinnati, and Milwaukee (via car ferry). A public airport capable of business jet operations is 21 miles from the subject site.
Solid Housing Demand: While the Suttons Bay is ideal setting for vacation and/or second homes, there is also existing demand for a primary home and condominium market. The site also offers strong potential for vacation rental, time share and hotel uses near the main roadway. The longstanding history of tourist activity in the Village of Suttons Bay suggests that the property is highly suited to resort development.
Appealing Real Estate Sub-Market: Property values in Suttons Bay are some of the highest in the Grand Traverse region.
Established Travel Destination: Northwest Michigan, lead by Traverse City (just 15 miles to the south of Suttons Bay), is gaining national recognition through multiple placemaking initiatives, including the Traverse City Film Festival, Horse Shoes by the Bay Equestrian Festival and the National Cherry Festival.
