512 S Lake Shore Drive Lake Leelanau, MI $ 499,000
512 S Lake Shore Drive
$ 499,000
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512 S Lake Shore Drive

Lake Leelanau, MI, 49653
$ 499,000
Bedrooms-- Baths0.0 Sq 616

Monthly Estimate*

$ 3,446

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Multi-Family Home for sale in Lake Leelanau, MI

for $499,000. This 616 square foot home was built in 1900 on a lot size of 2.51.

Explore the potential of this 2.51-acre property ideally located in Lake Leelanau, within walking distance of local restaurants, wineries, distillery, grocery store, school, and church. Zoned R-3 High Density Residential in Leland Township, this property offers an exciting opportunity for investors looking to expand their portfolio or explore future development possibilities. The property currently features three rental units, including one studio-style unit, along with two trailers, each offering 2 bedrooms and 1 bathroom. With its convenient location, existing rental accommodations, and generous acreage, this property offers plenty of potential to generate income, enhance the existing rentals, or investigate future development opportunities. A rare opportunity to invest in the heart of desirable Lake Leelanau! The property has access off both S Lake Shore Drive and St. Joseph Street.

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Multi-Family Active

Price

$ 499,000

Property Type

Multi-Family

Taxes

$ 2,656

Style

Manufactured/Modular,Ranch

Lot Size

2.51

Year Built

1900

Town/City

Lake Leelanau

County/Region

Leelanau

MLS | Web ID

80074726

Features
General
Heating Forced Air
Possession Negotiable (Possession)
Water Private Well
Appliances Range/Oven Refrigerator
Status Active Active
Year Built 1900
Subdivision N/A
Style Manufactured/Modular Ranch
County Leelanau
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Leland
Section 26
Zoning Multi-Family Residential
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available
Structure Style 1 Story
Area Leland Twp (45009)
Directions From Lake Leelanau south on S Lake Shore Dr the property is located south of the corner of S Lake Shore & Anthony St. You can also access the property St. Joseph Street.
High School Leland Public School
City Lake Leelanau
School District Leland Public School District
Financial Terms Cash
Elementary School Leland Public School
Middle School Leland Public School
Legal Description See associated docs. Two tax ids: 45-009-026-017-20 and 45-009-026-017-27.
DOM 3
Price Per Sq Ft Total AG 810.06
Public Remarks Explore the potential of this 2.51-acre property ideally located in Lake Leelanau within walking distance of local restaurants wineries distillery grocery store school
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Interior
Basement Other
Total Number of Units 3
Fuel Type Natural Gas
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Exterior
Exterior Aluminum
Lot Size Area 2.51
Lot Dimensions Irregular
Water Features None
Waterfront Y/N No
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* Excluded Features
List By
Melanie Schaub

Listing Agent

Schaub Team Premier Realty

Broker

melanie@schaubteam.com

Email

Affordability Calculator

$3,668
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,446
Monthly Property Taxes
$221
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4612917 Elementary School
4612918 Middle School
Leland Public School High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2026$499,000 Listed Price

Map


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512 S Lake Shore Drive, Lake Leelanau, MI, 49653 is a Multi-Family Home for sale at $499,000 with 616 sqft and a lot size of 2.51. 512 S Lake Shore Drive has 0.0 baths and was built in 1900. The property's zip code is 49653 which is in Lake Leelanau, MI