300 W Philip Street, Lake Leelanau, MI 49653

$465,000
2
BD
1
BA
5,320
SqFt

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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.

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

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Calculator source: Real Geeks

Listing Courtesy of Schaub Team Premier Realty. 231-674-5950

Selling Office: Schaub Team Premier Realty.