Property profile

300 Philip St Lake Leelanau, MI 49653

OFF-MARKET
Other commercial real estate
Property ID
US43-3070798
0.24 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property in Lake Leelanau consists of a small self-storage facility with 24 self-storage units and an additional 2-bedroom, 1-bath cottage with approximately 900 sq ft; the total square footage reported for the listing includes both the storage units and the cottage. The cottage is historically used as a short-term rental, and the property is situated near the Narrows of Lake Leelanau, with nearby access to restaurants, wineries, and lake access. The reported year built applies approximately to the storage units, while the cottage was relocated to the site and its exact age is not known. Transit/access indicators from the listing include a bike score of 49 and a walk score of 37, suggesting predominantly car-dependent accessibility.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.24 ac (10,454 SF)
APN 009-026-015-00
UPID US43-3070798

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

300 Philip St Lake Leelanau, MI 49653-8703
Lake Leelanau metro Census 970300 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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