300 W Philip Street, Lake Leelanau, MI 49653
- $465,000
- 2
- BD
- 1
- BA
- 5,320
- SqFt
- Sold Price
- $465,000
- List Price
- $429,000
- Closing Date
- May 08, 2026
- Days on Market
- 18
- Status
- SOLD IN HOUSE
- MLS#
- 1943541
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 5,320
- Lot Size (Acres)
- 0.24
- Style
- Cottage
- Year Built
- 2000
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.
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Additional Information
- Stories
- 1
- Interior Features
- None, Ceiling Fan(s), High Speed Internet, WiFi
- Amenities
- None
- Exterior Features
- Rain Gutters
- Heating
- Forced Air
- Cooling
- Electric
- Water
- Private
- Sewer
- Public Sewer, Private Sewer
- School District
- Leland Public School District
Mortgage Calculator
Listing Courtesy of Schaub Team Premier Realty. 231-674-5950
Selling Office: Schaub Team Premier Realty.