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300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
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300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
300 W Philip Street
Listed by with Schaub Team Premier Realty Listing Contact: 231-883-4644 
Sold

300 W Philip Street

300 W Philip Street, Lake Leelanau, MI 49653

$465,000
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.

5,320 Sq.Ft. LIVING AREA

10,454.4 Sq.Ft. lot

Roger Schaub

Roger Schaub

Features & Amenities

Area & Lot

  • Status Sold
  • Living Area5,320 Sq.Ft.
  • Lot Area10,454.4 Sq.Ft.
  • MLS® ID1943536
  • TypeCommercial
  • YEAR BUILT2000
  • NeighborhoodLake Leelanau

Exterior

  • water SourcePrivate
  • roofAsphalt, Metal/Steel
  • lot featuresCorner Lot, Freestanding
  • parkingCommon
  • HEAT TYPEForced Air
  • AIR CONDITIONINGElectric
  • sewerPublic Sewer, Private Sewer
  • SubstructureSlab
  • Disability FeaturesNone

Financial

  • Sales Price$465,000
300 W Philip Street
300 W Philip Street

This property offers immediate and consistent income, along with additional revenue potential from the cottage.

– Roger Schaub
300 W Philip Street

Lake Leelanau

In the middle of the nineteenth century, French settlers migrated from Canada and the area became known as "Le Naro" referring to its location near "the narrows", the area that connects North and South Lake Leelanau.

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