Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    102 W Philip St Lake Leelanau, MI 49653

    For Sale
    $850,000

    Other - Lake Leelanau, MI

    Property size:
    2,000 SF
    Lot size:
    0.40 Acres
    Days on Market:
    222
    Last Refresh:
    Dec 9 at 6:06 pm

    Property Features for 102 W Philip St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Size
    2,000 SF
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1900
    Roof type
    Asphalt
    Architectural style
    Other

    Keller Williams Northern Michigan (231) 947-8200 [email protected]

    Listing agent Zach Mikowski (231) 947-8200

    Listing date May 2, 2025

    MLS# 1928598 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Leelanau Commercial Corner Property

    Located on a prominent corner in Lake Leelanau, this property offers commercial opportunities with C-1 zoning. The property, currently used as a short-term and long-term rental, is near wineries, restaurants, a coffee shop, and public boat launches. The property includes two parcels that will not be separated. The property includes a home with 2,000 square feet of space on a 0.4-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Leelanau
    County
    Leelanau
    State
    Michigan
    Longitude
    -85.71378
    Latitude
    44.981183

    Nearby Similar for Sale

    • $1,185,000
      7,396 SF

      Lake Leelanau Commercial Investment Opportunity

      Two commercial buildings on two acres in Lake Leelanau.
      7200 E Duck Lake Rd, Lake Leelanau, MI 49653
      View Details
    • $1,295,000
      13,500 SF

      Lake Leelanau Mini-Storage Facility

      90-unit self-storage facility with expansion potential in Leelanau County.
      7338 E Duck Lake Rd, Lake Leelanau, MI 49653
      View Details
    • Contact for pricing
      1,400 SF

      Commercial Space in Lake Leelanau

      New 1,400 sq ft commercial space ready for occupancy.
      121A N St Joseph St, Lake Leelanau, MI 49653
      View Details
    • Contact for pricing
      1,400 SF

      Commercial Space in Lake Leelanau

      New 1,400 sq ft commercial space ready for occupancy.
      121B N St Joseph St, Lake Leelanau, MI 49653
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial corner property near wineries, restaurants, and boat launches.
    Where is this storefront property located?
    The property is located at 102 W Philip St Lake Leelanau, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime corner location in Lake Leelanau.; - C-1 commercial zoning offers endless opportunities.; - Close proximity to wineries, restaurants, coffee shop, and public boat launches.
    (231) 947-8200
    Request Owner's contact information
    102 W Philip St Lake Leelanau, MI 49653
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 W Philip St
    Lake Leelanau, MI 49653
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 W Philip St Lake Leelanau, MI 49653
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.