Building Details

Buildings 1

Stories 1

Tenancy Multi

Listing Agency: EXIT Northern Shores-TC s***@sckaras.com

Listed By: Thomas Alflen · License #6501303821 Show Phone

Source: Exprealty

Added: Aug 27 Changed: Oct 23 Last Checked: Oct 23 at 9:23AM

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Investment Insights

Based on property information with market context.

Located at 116 E Philip St in Lake Leelanau, this 2,740-square-foot, single-story storefront property is configured for multiple tenants. The asset is subject to existing tenant rights and carries C1 zoning.

A land division was recently approved by the road commission, MDOT, and Leland Township. The property is in Leelanau County and is offered with the existing building and its tenant arrangement.

Key Highlights

• 2,740‑square‑foot single‑story storefront building
• Multiple‑tenant configuration
• C1 zoning

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Pedaling Beans Coffeehouse Cafe & Coffee Shop LCRP HQ Training Center Leelanau Gifts (Bike/Boat/Book/etc) Store Linda Lingaur - Hair ... Hair Salon

Suggested Use

Top Pick Parking Lot & Garage Building Supply Grocery & Convenience Store Auto Repair Shop Catering Service Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

117

Businesses Nearby

796

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 100%

Bunek True Value Hardware Home Improvements & Furnishings

796 visits/mo 0.3 miles

Demographics for 49653, MI

2,020

Population

1,523

Households

1.3

Avg Household Size

54

Median Age

51%

College-Educated

99%

High-School Grad

27.8 sq mi

ZIP Area

73

Density / Sq Mi

$84,954

Median Household Income

$35,993

Median Earnings

$889

Median Rent

$532,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Single-story commercial property with C1 zoning and multiple occupants.

Where is this storefront property located?

The property is located at 116 E Philip St Lake Leelanau, MI.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 2,740‑square‑foot single‑story storefront building; Multiple‑tenant configuration; C1 zoning