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116 E Philips Street Lake Leelanau, MI $ 699,000
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$ 699,000 Get more info
116 E Philips Street
$ 699,000
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116 E Philips Street

Lake Leelanau, MI, 49653
$ 699,000
Bedrooms-- Baths-- Sq 2,740
116 E Philips Street, Lake Leelanau, MI 49653 - Image 1
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Property for Rent in Lake Leelanau, MI

for $699,000. This 2,740 square foot property was built in 1970 on a lot size of 0.47.

Lake Leelanau Village: Charming single story building with multiple tenants. Great visibility, great access, great parking! C1 Zoning (the best). Here is an opportunity to own a sweet income property in Leelanau County and even make future expansion plans. Subject to tenant's rights. Land division recently approved by road commission, MDOT and Leland Twp. (see associated documents). Creativity wins here. All listing information is deemed reliable, but not guaranteed and has been obtained from seller and/or third-party sources. Buyer and its agent to verify all details. For adjacent vacant parcel (009-024-041-00) see listing number 1949877

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Rental Active

Price

$ 699,000

Taxes

$ 0

Style

Lot Size

0.47

Year Built

1970

Town/City

Lake Leelanau

County/Region

Leelanau

MLS | Web ID

1949876
Features
General
Sewer Public Sewer Other
Heating Forced Air Natural Gas
Possession Subject To Tenant Rights
Roof Membrane
Construction Materials Block Frame
Year Built 1970
Township Suttons Bay
Property Subtype Income
Business Type Education/School Food & Beverage Health Services Professional/Office Retail Wholesale Other
Accessibility None
Assoc Fee Paid Per Annually
Business Name n/a
County Leelanau
New Construction N
Property Type Commercial Sale
Attached Garage N
Energy Efficient Not Applicable
Subdivision Name n/a
Garage Y/N N
Building Features None
Green Water Conservation Not Applicable
Rent Includes Other
Status New
Directions At corner of M204 and S Lake Leelanau Dr (641) in village of Lake Leelanau.
City Lake Leelanau
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 20473.2
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N Y
Lease Considered Y/N Y
Lease Type Modified Gross Lease
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 2027
Total Actual Rent 30000
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description See new 2026 survey attached herein. To be verified by title company. Agent has no opinion of title.
Freehold VOW BBO IDX
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Exterior
Parking Features Paved Parking Lot
Lot Features Corner Lot
Water Source Private
Lot Size Area 0.47
Foundation Details Slab
Spa N
Lot Size Acres 0.47
Road Surface Type Asphalt
Other Parking Paved Parking Lot
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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Interior
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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* Excluded Features
List By
Exit Northern Shores-Tc

Broker

(231) 649-6797

Phone

Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/27/2026$699,000 Listed Price

Map

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116 E Philips Street, Lake Leelanau, MI, 49653 is a Property for Rent at $699,000 with 2,740 sqft and a lot size of 0.47. 116 E Philips Street was built in 1970. The property's zip code is 49653 which is in Lake Leelanau, MI

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