8-Unit Townhouse Apartment
New
For Sale
$1,500,000
540 Saint Joseph Street, Lake Leelanau, MI 49653
Multi-Family, Townhouse, Lake Leelanau, MI
Property Size6,272 SF
Lot Size1.22 Acres
Price / SF$239.16
Days on Market4
Property Features for 540 Saint Joseph Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Residential
Bedrooms
16
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 15, Bedroom 2, Bedroom 12, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 9, Bedroom 5, Bedroom 3, Bedroom 8, Bathroom 1, Bedroom 11, Bedroom 14, Bedroom 10, Bedroom 13, Bedroom 16
Patio and Porch features
Porch, Deck
Interior features
Laundry Hook-up, Drywall
Exterior features
Deck, Countryside View, Porch
Appliances
Refrigerator, Oven/Range, Dishwasher, Electric water Heater, Smoke Alarms
Elementary school district
Leland Public School District
Middle school district
Leland Public School District
High school district
Leland Public School District
Directions
Take M-204 west into Lake Leelanau turn left at NJ's Market onto St Joseph St. follow south to private portion of St. Joseph st. last driveway on the right to the 2 4 unit townhouse bldgs. on left
Subdivision
Leelanau
Standard status
Active
Size
6,272 SF
Lot size
1.22 Acres
Taxes and HOA fees
Tax Description
Part of SE 1/4 of NE1/4 Sec.26 T30N R12W containing approx 1.22 acres
Tax Annual Amount
7941
Legal Description
Part of SE 1/4 of NE1/4 Sec.26 T30N R12W containing approx 1.22 acres
Utilities
Water source
Private
Amenities
private deck
front porch
Building Details
Year built
2002
Number of units
8
Building materials
Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Bayside Real Estate
(231) 778-0990
Listed By:
Sharon Reid-Brown
(231) 632-6260
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 19 at 3:06PM
MLS# 1951725
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.
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Investment Insights
Based on property information with market context.
Built in 2002, this 6,272-square-foot apartment property comprises two buildings with four townhouse units apiece. Each of the eight units has two bedrooms, 1.5 bathrooms, a private deck and front porch, plus a 5-foot crawlspace housing its furnace and water heater. Natural gas and electricity are separately metered for each unit. The property sits on 1.22 acres and is fully rented.
Each building has its own septic system, while the two buildings share a private well.
Each building has its own septic system, while the two buildings share a private well.
Key Highlights
- Eight townhouse units across two buildings, with four units in each
- Each unit has 2 bedrooms and 1.5 bathrooms
- Built in 2002; 6,272 square feet on 1.22 acres
Property Analytics
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Lease Details
8
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
114
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two four-unit buildings contain matching townhouse layouts with private outdoor space.
Where is this apartment building located?
The property is located at 540 Saint Joseph Street Lake Leelanau, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Eight townhouse units across two buildings, with four units in each; Each unit has 2 bedrooms and 1.5 bathrooms; Built in 2002; 6,272 square feet on 1.22 acres
