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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
Bedrooms2 Baths1.0 Sq 5,320

Monthly Estimate*

$ 2,641

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Single Family Home for sale in Lake Leelanau, MI

for $429,000 with 2 bedrooms and 1 full bath. This 5,320 square foot home 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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Single Family Active

Price

$ 429,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Cottage

Lot Size

0.24

Year Built

2000

Town/City

Lake Leelanau

County/Region

Leelanau

MLS | Web ID

1943541
Features
Interior
Interior Amenities None Ceiling Fan(s) High Speed Internet WiFi
Fireplace Features None
Kitchen Level Main
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5320
Half Baths 0
3/4 Baths 0
Laundry Features Main Level
Total Bedrooms 2
Below Grade Finished Area 0
Entry Level 1
Living Room Level Main
Main Level Bedrooms 2
Main Level Bathrooms 1
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
Primary Bathroom Features Shared
Kitchen Area 70.4
Kitchen Length 8.8
Kitchen Width 8
Primary on Main 90
Second Bedroom Length 12.5
Second Bedroom Width 7.2
Living Room Area 117.699999999
Living Room Length 11
Living Room Width 10.7
Primary Bedroom Area 102.96
Primary Bedroom Length 11.7
Primary Bedroom Width 8.8
Second Bedroom Level Main
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General
Sewer Public Sewer Private Sewer
Heating Forced Air
Cooling Electric
Possession Negotiable
Roof Asphalt Metal/Steel
Appliances Refrigerator Oven/Range Microwave Washer Dryer Exhaust Fan
Garage Spaces 0
Association Fee Includes None
Architectural Style Cottage
Construction Materials Frame Steel Siding Steel Shingle Siding
Pets Allowed false
Year Built 2000
Stories Count 1
Township Leland
Levels One
Property Subtype Single Family Residence
Waterfront Features None
Community Features None
Accessibility None
Assoc Fee Paid Per Annually
County Leelanau
New Construction N
Property Type Residential
Attached Garage N
Subdivision Name None
Garage Y/N N
Other Structures Other
Full Baths 1
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
High School District Leland Public School District
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
Primary Bedroom Level Main
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Leland Public School District
Elementary School District Leland Public School District
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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Exterior
Exterior Amenities Rain Gutters
Parking Features Gravel None
Lot Features Cleared Level Metes and Bounds
Water Source Private
Lot Size Area 0.24
Foundation Details Block Slab
Number of Buildings 2
Spa N
Lot Size Acres 0.24
Road Surface Type Asphalt
Waterfront Y/N N
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

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$2,641
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Monthly Principal & Interest
$2,641
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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
2034251 Elementary School
2034119 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 Single Family Home for sale at $429,000 with 5,320 sqft and a lot size of 0.24. 300 W Philip Street has 2 bedrooms, 1.0 baths, and was built in 2000. The property's zip code is 49653 which is in Lake Leelanau, MI

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