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    7338 E Duck Lake Rd Lake Leelanau, MI 49653

    For Sale
    $1,295,000

    Mini-Storage - Lake Leelanau, MI

    Property size:
    13,500 SF
    Lot size:
    3.40 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 7338 E Duck Lake Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    13,500 SF
    Lot size
    3.40 Acres

    Building Details

    Year built
    2022
    Roof type
    Metal
    Architectural style
    Other

    Three West, LLC (231) 929-2955 [email protected]

    Listing agent Bill Somerville (231) 929-2955

    Listing date Oct 8, 2025

    MLS# 1934695 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 Mini-Storage Facility

    This commercial property features a 90-unit self-storage facility distributed across three buildings, constructed between 2020 and 2025. The property is situated on a 3.4-acre lot in a central Leelanau County location, specifically on the east side of the Village of Lake Leelanau. Its location provides signage visibility on M-204. The units offer flexibility in size due to moveable middle partition walls. The seller has obtained approval to construct an additional 30-unit building, offering expansion possibilities. The property is available at an 8.2% cap rate with the potential for further rent increases. The total property size is 13,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Leelanau
    County
    Leelanau
    State
    Michigan
    Longitude
    -85.705314879623
    Latitude
    44.983176999898

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      Commercial Space in Lake Leelanau

      New 1,400 sq ft commercial space ready for occupancy.
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    FAQs

    What type of property is this?
    Self storage facility - 90-unit self-storage facility with expansion potential in Leelanau County.
    Where is this self storage facility located?
    The property is located at 7338 E Duck Lake Rd Lake Leelanau, MI.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Excellent 8.2% cap rate with potential for rent increases.; - Approval to build an additional 30-unit building.; - 90-unit self-storage property built between 2020-2025.
    (231) 929-2955
    Request Owner's contact information
    7338 E Duck Lake Rd Lake Leelanau, MI 49653
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    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
    7338 E Duck Lake Rd Lake Leelanau, MI 49653
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