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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

Commercial/Industrial

Lot Size

0.24

Year Built

2000

Town/City

Lake Leelanau

County/Region

Leelanau

MLS | Web ID

80066778
Features
General
Heating Forced Air None
Cooling None
Possession Negotiable (Possession)
Roof Asphalt Metal
Water Private Well
Status Active Accepting Backup Offers
Year Built 2000
Subdivision N/A MI
County Leelanau
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Name Lake Leelanau Self Storag
Ownership Private
Municipality Leland
Section 26
Zoning Commercial
Sale/Rent For Sale
Status Detail 3
Commercial Features Outbuilding(s) Overhead Doors
Area Leland Twp (45009)
Primary City Lake Leelanau
Location Corner Lot
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
Financial Terms Cash Conventional
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
DOM 7
Postal Code 49653
Price Per Sq Ft Total AG 80.64
Public Remarks 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
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Exterior
Exterior Frame Shingle Steel
Lot Size Area 0.24
Lot Dimensions Irregular
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Interior
Fuel Type Electric
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* Excluded Features
List By
Roger Schaub

Listing Agent

Schaub Team Premier Realty

Broker

roger@schaubteam.com

Email

Affordability Calculator

$2,641
Per Month
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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
760529 Elementary School
760235 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/10/2026$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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