$10,000 Closing Credit¹
#1933103, Sheri Sutherland, Listing office: CENTURY 21 Northland
$1,990,000 List price
407 S Main St Leland, MI 49654
$10,000
Closing credit¹
6,875 sqft
0.3 acres
$289 / sqft
House
Property details
About 407 S Main St
Incredible opportunity to own on the river! Unique multi-unit property featuring approximately 6,875 SF in total on a 0.33 acre lot. The ~1,700 SF 2 bed/2bath townhouse has a history as a short-term rental, and features approximately 50' of frontage directly on the Leland River with room to dock your boat. The middle section of the building includes approximately 3,125 SF of office space between several suites. The front section, directly on the famous M-22, features a 2,050 SF restaurant space, which is currently home to local hotspot Trish's Dishes. The property itself offers a lot of flexibility and has great potential for redevelopment. With commercial zoning, this is the perfect opportunity to live on the river and generate some passive income from the other units. Don't miss out on this rare riverfront opportunity in Downtown Leland!
Highlights
HeatingForced Air
StatusActive
Size6,875 sqft
Lot size0.33 Acres
Year built1925
MLS #1935122
WaterfrontRiver, Private Dock
FireplaceFree Standing Wood Stove
Summary
- Appliances: Refrigerator, Oven/Range, Dishwasher
- Interior: Other
- Fireplace: Free Standing Wood Stove
- Attached Garage: No
- Parking: None
- Waterfront: River, Private Dock
- Exterior: Deck,Other, Wood
- Architectural Style: 2 Story, Bed & Breakfast, 1 Story
- Heating: Forced Air
- List Price: $1,990,000
- Price/SqFt: $289
- Annual Tax Amount: $10,966
- Tax Year: 2024
- Directions: South on Main Street from Downtown Leland, property will be on your left.
- Year Built: 1925
- Living Area: 6,875 SqFt
- Lot Size: 0.33 Acres
- MLS Number: 1935122
- MLS Name: TAAR
- Office Name: Coldwell Banker Schmidt Traver
- Office Phone: (231) 499-0529
- Listing Agent: Alex MacKenzie
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/23/2025, 4:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,990,000
407 S Main St
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $439,200 | $10,966 |
| 2023 | $429,400 | $10,451 |
| 2022 | $397,500 | $9,963 |
| 2021 | $390,900 | $10,013 |
| 2020 | $361,900 | $- |
| 2019 | $344,400 | $- |
| 2018 | $344,900 | $- |
| 2017 | $345,900 | $- |
History based on county public records data.
Nearby schools
4
Suttons Bay Elementary School
Public District KG-5
6.2 mi
•310 S Elm St
7
Old Mission Peninsula School
Public Charter KG-6
15.5 mi
•2699 Island View Rd
7
Willow Hill Elementary School
Public District PK-5
18.1 mi
•1250 Hill St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $63,525. The most common annual income of people living in Leland, MI is between $35k-100k. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
20%
<35k
51%
35k-100k
20%
100k-200k
9%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
3%
Single, with Kids
52%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
6%
12-17 yrs old
8%
18-34 yrs old
41%
35-64 yrs old
37%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Dollar General
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Oldsmobile
What do the neighbors listen to?
News/Talk/Information
New Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 407 S Main St
The listing price of 407 S Main St property is $1,990,000.
The property 407 S Main St is a house located in Leland, Michigan, 49654.
Active Listing: 407 S Main St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 407 S Main St are: Suttons Bay Elementary School (GreatSchools Rating 4/10), Old Mission Peninsula School (GreatSchools Rating 7/10), Willow Hill Elementary School (GreatSchools Rating 7/10), Tcaps Montessori School (GreatSchools Rating 9/10), Traverse City West Middle School (GreatSchools Rating 7/10), Cherryland Middle School (GreatSchools Rating 7/10), Leland Public School (GreatSchools Rating 8/10), Suttons Bay Middle/High School (GreatSchools Rating 8/10), Suttons Bay Virtual School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $10,966 (source: MLS/based on county public records data).
The property at 407 S Main St has 0 bathroom.
The property 407 S Main St is 6,875 SqFt (source: MLS/tax record).
The year of construction for 407 S Main St is 1925.
This home is located at 407 S Main St in Leland, MI and zip code 49654. This 6,875 square foot home, which was built in 1925, sits on a 0.33 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $1,990,000.
From Rocket Homes Real Estate and based on county public records data.