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.
Sold for $465,000
$465,000
300 W Philip St, Lake Leelanau, MI 49653
2beds
5,320sqft
Single Family Residence
Built in 2000
10,454 Square Feet Lot
$472,200 Zestimate®
$87/sqft
$1,691 Estimated rent
Home value
$472,200
Estimated sales range
Not available
$1,691/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Roger Schaub Cell:231-883-4644,
Schaub Team Premier Realty 231-674-5950
Bought with:
Jamie Jewell, 6501418491
Schaub Team Premier Realty
Source: NGLRMLS,MLS#: 1943541
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 102.96
- Dimensions: 11.7 x 8.8
Bedroom 2
- Level: Main
- Area: 90
- Dimensions: 12.5 x 7.2
Primary bathroom
- Features: Shared
Kitchen
- Level: Main
- Area: 70.4
- Dimensions: 8.8 x 8
Living room
- Level: Main
- Area: 117.7
- Dimensions: 11 x 10.7
Heating
- Forced Air
Cooling
- Electric
Appliances
- Included: Refrigerator, Oven/Range, Microwave, Washer, Dryer, Exhaust Fan
- Laundry: Main Level
Features
- None, Ceiling Fan(s), High Speed Internet, WiFi
- Flooring: Luxury Vinyl Plank
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 5,320
- Total interior livable area: 5,320 sqft
- Finished area above ground: 5,320
- Finished area below ground: 0
Property
Parking
- Parking features: None, Gravel
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Rain Gutters
- Waterfront features: None
Lot
- Size: 10,454 Square Feet
- Features: Cleared, Level, Metes and Bounds
Details
- Additional structures: Other
- Parcel number: 4500902601500
- Zoning description: Commercial
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Frame, Steel Siding, Steel, Shingle Siding
- Foundation: Block, Slab
- Roof: Asphalt,Metal/Steel
Condition
- New construction: No
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer, Private Sewer
- Water: Private
Community & HOA
Community
- Features: None
- Subdivision: None
HOA
- Services included: None
Location
- Region: Lake Leelanau
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $94,520
- Price range: $465K - $465K
- Date on market: 4/7/2026
- Cumulative days on market: 31 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Sold | $465,000+8.4%$87/sqft |
Source:  NGLRMLS #1943541 Report a problem | ||
| 4/29/2026 | Pending sale | $429,000$81/sqft |
Source: NGLRMLS #1943541 Report a problem | ||
| 4/7/2026 | Listed for sale | $429,000$81/sqft |
Source: NGLRMLS #1943541 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 49653
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Nearby schools
GreatSchools rating
- 8/10Leland Public SchoolGrades: PK-12Distance: 3.5 mi
Schools provided by the listing agent
- District: Leland Public School District
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Leelanau County
- Lake Leelanau
- 49653
- 300 W Philip St
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