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300 W Philip Street

Lake Leelanau, MI 49653
  • $429,000
  • STATUS: Active Under Contract
  • ON SITE: 14 Days
  • MLS #: 1943536
Under Contract
UPDATED: 74 min ago
$429,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,320
    SQFT
  • $81
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
2000
County:
Area:

School Ratings & Info

Description

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 480 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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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-22T12:51:52.11.
www.housestraversecity.com/homes/174910203
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300 W Philip Street Lake Leelanau, MI 49653

  • Price: $429,000
  • Status: Active Under Contract
  • On Site: 14 Days
  • Updated: 74 min ago
  • MLS #: 1943536
0
Beds
0
Baths
0
½ Baths
0.24
Acres
5,320
SQFT
$81
$/SQFT
2000
Built
Neighborhood:
N/A
County:
Leelanau
Area:
Leelanau
Property Description
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 480 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.
Exterior Features

Construction Materials Steel SidingFrameSteelShingle Siding Door Features Overhead Door(s) Foundation Details Slab Garage YN No Roof AsphaltMetal/Steel

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features None Basement Crawl Space Below Grade Finished Area Units Square Feet Cooling Electric Heating Forced Air Heating YN Yes

Property Features

Association Fee Frequency Annually Business Incl Yes Business Type Education/SchoolOtherStorage Deeded Waterfront No ECOFeatures No Inventory Incl No Lease Amount Frequency Annually Lease Considered YN No Lease Renewal Option YN No Listing Terms ConventionalCash Lot Features Corner LotFreestanding New Construction YN No Occupied Yes Other Parking Common Other Structures Additional Buildings Ownership Type Private Owner Parking Features Common Possession Negotiable Property Sub Type Mixed Use Real Estate Incl Yes Rent Includes None Road Responsibility Public Maintained Road Road Surface Type Asphalt Sewer Public SewerPrivate Sewer Special Licenses None Tax Assessed Value 94520 Tax 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 TO EASE & ROW SEC 26 T30N R12W 0.24 A M/L Water Source Private Waterfront YN No Zoning Description Commercial

Listing information © 2026 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Schaub Team Premier Realty: 231-674-5950.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-22T12:51:52.11.
 
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