Single-Story Office
New
For Sale
$699,000
116 E Philips Street, Lake Leelanau, MI 49653
Commercial, Lake Leelanau, MI
Property Size2,740 SF
Lot Size0.47 Acres
Price / SF$255.11
Days on Market1
Property Features for 116 E Philips Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking features
Parking Lot
Exterior features
Block
Lot features
Corner Lot
Directions
At corner of M204 and S Lake Leelanau Dr (641) in village of Lake Leelanau.
Subdivision
Leelanau
Standard status
Active
Size
2,740 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Description
See new 2026 survey attached herein. To be verified by title company. Agent has no opinion of title.
Legal Description
See new 2026 survey attached herein. To be verified by title company. Agent has no opinion of title.
Utilities
Water source
Private
Building Details
Building materials
Block, Frame
Roof type
Membrane
Listing Agency:
EXIT Northern Shores-TC · EXIT Realty
(231) 946-4404
Listed By:
Thomas Alflen · License #6501303821
(231) 649-6797
Added: Aug 27
Last Checked: Aug 27 at 10:06PM
MLS# 1949876
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 2,740-square-foot office building occupies 0.47 acres at 116 E Philips Street in Lake Leelanau. The single-story property is configured for multiple tenants and includes a parking lot, block and frame construction, a membrane roof, and private water service. The property is subject to tenant rights.
The site is located in Lake Leelanau, Leelanau County, with C1 zoning. A land division was recently approved by the road commission, MDOT, and Leland Township. The property also includes a documented path for considering future expansion plans, subject to applicable approvals and tenant rights.
The site is located in Lake Leelanau, Leelanau County, with C1 zoning. A land division was recently approved by the road commission, MDOT, and Leland Township. The property also includes a documented path for considering future expansion plans, subject to applicable approvals and tenant rights.
Key Highlights
- 2,740‑square‑foot single‑story office building
- 0.47‑acre site in Lake Leelanau
- Multiple‑tenant configuration
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office property with C1 zoning, on-site parking, and a block-and-frame exterior.
Where is this office building located?
The property is located at 116 E Philips Street 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 office building; 0.47‑acre site in Lake Leelanau; Multiple‑tenant configuration
