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300 W Philip Street Lake Leelanau, MI $ 429,000
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$ 429,000 Get more info
300 W Philip Street
$ 429,000
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300 W Philip Street

Lake Leelanau, MI, 49653
$ 429,000
Bedrooms-- Baths-- Sq 5,320

Monthly Estimate*

$ 2,641

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Commercial Property for sale in Lake Leelanau, MI

for $429,000. This 5,320 square foot building was built in 2000 on a lot size of 0.24.

Unique investment opportunity in Lake Leelanau to own a versatile commercial/income property featuring 24 fully rented self-storage units and a charming 2-bedroom, 1-bath cottage offering approximately 900 sq ft. The cottage is currently utilized as a short-term rental and is ideally located near the Narrows of Lake Leelanau, with close proximity to restaurants, wineries, and nearby lake access—making it an attractive option for both visitors and long-term use. With all storage units fully occupied, this property offers immediate and consistent income, along with additional revenue potential from the cottage. Ideally positioned in a desirable Lake Leelanau location, this is a unique opportunity to invest in a property with multiple income streams and strong local demand. Square footage includes both the storage units and the cottage. Year built is approximate for the storage units; the house was relocated to the property and its exact age is unknown.

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Commercial Active

Price

$ 429,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.24

Year Built

2000

Town/City

Lake Leelanau

County/Region

Leelanau

MLS | Web ID

1943536
Features
General
Sewer Public Sewer Private Sewer
Heating Forced Air
Cooling Electric
Possession Negotiable
Roof Asphalt Metal/Steel
Construction Materials Steel Siding Frame Steel Shingle Siding
Year Built 2000
Township Leland
Property Subtype Mixed Use
Business Type Education/School Other Storage
Accessibility None
Assoc Fee Paid Per Annually
Business Name Lake Leelanau Self Storag
County Leelanau
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name N/A
Garage Y/N N
Other Structures Additional Buildings
Rent Includes None
Status Active U/C Taking Backups
Directions From the Narrows bridge in Lake Leelanau head west on W Philip St (M-204). Continue 3 blocks; 300 W Philip St will be on your right. Sign for Lake Leelanau Self Storage by road.
City Lake Leelanau
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 10454.4
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 94520
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description PT NE 1/4 OF NE 1/4 SEC 26 COM NW COR OF NE 1/4 OF NE 1/4 SD SEC TH E 131.34 FT TH S 195.80 FT TO POB TH S TO PT 33 FT N OF S LN PHILIP ST TH E TO W LN PHILLIP ST TH N TO PT E OF POB TH W TO POB SUBJ
Freehold IDX
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Interior
Basement Crawl Space
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Common
Lot Features Corner Lot Freestanding
Water Source Private
Lot Size Area 0.24
Foundation Details Slab
Spa N
Lot Size Acres 0.24
Road Surface Type Asphalt
Other Parking Common
Waterfront Y/N N
Door Features Overhead Door(s)
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
Schaub Team Premier Realty

Broker

Cell: 231-883-4644

Contact

Affordability Calculator

$2,641
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,641
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/7/2026$429,000 Listed Price

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300 W Philip Street, Lake Leelanau, MI, 49653 is a Commercial Property for sale at $429,000 with 5,320 sqft and a lot size of 0.24. 300 W Philip Street was built in 2000. The property's zip code is 49653 which is in Lake Leelanau, MI

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