Sold for $550,000

$550,000

111 W Meinrad St, Lake Leelanau, MI 49653

2beds

1,920sqft

Single Family Residence

Built in 1930

5,662 Square Feet Lot

$573,600 Zestimate^®

$286/sqft

$2,693 Estimated rent

Home value

$573,600

Estimated sales range

Not available

$2,693/mo

Zestimate^® history

Owner options

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$2,693/mo

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$2,693/mo

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$3,324/mo

Est. payment

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$3,324/mo

Est. payment

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What's special

Storage roomHigh ceilingsOverlooking backyardHardwood floorsCement porchLarge deckCovered exterior stair

Downtown Living/Business opportunity! French style historic building centered in the quaint village of Lake Leelanau. 2-story block construction houses open 960 sq/ft studio apt/shop space on main level (currently used as business offices) plus 960 sq/ft 2BR/1BA apartment on the upper. Building offers high ceilings, hardwood floors, large display new windows, cement porch, storage room & municipal sewer for a variety of potential uses (retail, service, gallery). Covered exterior stair, patio & large deck overlooking backyard accent the full-functioning apartment, ideal as shop owner's quarters or additional (rental) income. Within walking distance to grocery store, post office, restaurants/cafes & Lake Leelanau narrows.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Level: Upper
Area: 130
Dimensions: 10 x 13

Bedroom 2

Level: Upper
Area: 84
Dimensions: 7 x 12

Primary bathroom

Features: None

Dining room

Level: Main
Area: 156
Dimensions: 12 x 13

Kitchen

Level: Main
Area: 132
Dimensions: 11 x 12

Living room

Level: Upper
Area: 156
Dimensions: 12 x 13

Heating

Forced Air, Natural Gas

Cooling

Window A/C Unit(s)

Appliances

Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer
Laundry: Upper Level

Features

None, High Speed Internet
Flooring: Wood, Carpet
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 1,920
Total interior livable area: 1,920 sqft
Finished area above ground: 1,920
Finished area below ground: 0

Property

Parking

Parking features: None, Gravel

Accessibility

Accessibility features: None

Features

Patio & porch: Deck, Porch
Exterior features: Sidewalk
Waterfront features: None

Lot

Size: 5,662 Square Feet
Dimensions: 50 x 115
Features: Level, Sloped

Details

Additional structures: Shed(s)
Parcel number: 4500977041100
Zoning description: Commercial

Construction

Type & style

Home type: SingleFamily
Architectural style: French Provincial
Property subtype: Single Family Residence

Materials

Block
Foundation: Block, Stone
Roof: Asphalt

Condition

New construction: No
Year built: 1930

Utilities & green energy

Sewer: Public Sewer
Water: Private

Community & HOA

Community

Features: None
Subdivision: N/A

HOA

Services included: None

Location

Region: Lake Leelanau

Financial & listing details

Price per square foot: $286/sqft
Tax assessed value: $342,800
Annual tax amount: $2,204
Price range: $550K - $550K
Date on market: 4/4/2025
Cumulative days on market: 67 days
Listing agreement: Exclusive Right Sell
Listing terms: Conventional,Cash,1031 Exchange
Ownership type: Private Owner

Price history

Date	Event	Price
6/9/2025	Sold	$550,000-1.6%$286/sqft
Source: NGLRMLS #1932027 Report a problem
4/4/2025	Listed for sale	$559,000+281.6%$291/sqft
Source: NGLRMLS #1932027 Report a problem
2/26/2015	Sold	$146,500-2.2%$76/sqft
Source: Agent Provided Report a problem
11/15/2014	Pending sale	$149,750$78/sqft
Source: Coldwell Banker Schmidt REALTORS #1786736 Report a problem
6/26/2014	Listed for sale	$149,750+434.8%$78/sqft
Source: Coldwell Banker Schmidt REALTORS #1786736 Report a problem
6/7/1990	Sold	$28,000$15/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,204 +5.7%	$171,400 -5.8%
2024	$2,085 +4.9%	$182,000 +58.4%
2023	$1,987 +3.3%	$114,900 +5.7%
2022	$1,924 +1%	$108,700 +45.3%
2021	$1,904 +105.8%	$74,800 +0.7%
2020	$925	$74,300 +6.8%
2019	--	$69,600 +20.4%
2018	--	$57,800 -0.5%
2017	--	$58,100 +3.2%
2016	--	$56,300 -9.2%
2015	--	$62,000 +43.5%
2014	--	$43,200 +17.4%
2013	--	$36,800 +2.2%
2012	--	$36,000 -22.2%
2011	--	$46,300 -20.2%
2010	--	$58,000