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    Lake Leelanau, MI Residential Income Properties for Sale

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    Traverse City, MI Suttons Bay, MI Cedar, MI
    Lake Leelanau Income Property
    $429,000
    900 SF
    Lake Leelanau Income Property

    300 W Philip St, Lake Leelanau, MI 49653

    Versatile commercial property with storage units and rental cottage.
    • Immediate and consistent income from 24 fully rented self‑storage units.
    • Additional income potential from a charming 2‑bedroom, 1‑bath cottage currently used as a short‑term rental.
    • Desirable Lake Leelanau location near the Narrows, restaurants, wineries, and lake access.
    • Versatile commercial/income property with multiple income streams.
    • Cottage is approximately 900 sq ft and suitable for short‑term or long‑term use.
    Updated: Apr 11
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Leelanau, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Mixed-Use Building For Sale
    $1,400,000
    3,464 SF
    Historic Mixed-Use Building For Sale

    Unique mixed-use property in prime location with business and residential.

    601 Randolph Street, Traverse City, MI 49684

    View details
    Historic Mixed-Use Building Near West Bay
    $1,400,000
    Historic Mixed-Use Building Near West Bay

    Unique mixed-use property in prime location near shopping and dining.

    601 Randolph St, Traverse City, MI 49684

    View details
    Versatile Property with Development Potential
    $674,900
    4.69 Acres
    Versatile Property with Development Potential

    Income-generating duplex with light industrial zoning and development opportunities.

    Williamsburg, MI 49690

    View details
    Well-Maintained Duplex in Williamsburg
    $669,000
    1.00 Acre
    Well-Maintained Duplex in Williamsburg

    Duplex with many possibilities in a private, wooded setting.

    Williamsburg, MI 49690

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Breathtaking Farmland Development Opportunity
    $2,950,000
    74.20 Acres
    Breathtaking Farmland Development Opportunity

    72 acres of high-elevation farmland with sweeping, multi-directional views.

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    View details
    Expansive Farmland with Water Views
    $1,600,000
    46.40 Acres
    Expansive Farmland with Water Views

    Remarkable 46.5-acre tract of rolling farmland with water views.

    Parcel B E Duck Lake Road, Suttons Bay, MI 49682

    View details
    Vacant Land in Blue Water Ridge
    $60,000
    1.51 Acres
    Vacant Land in Blue Water Ridge

    Residential land to build your dream home in Northern Michigan.

    1909 N Blue Water Court, Suttons Bay, MI 49682

    View details
    Suttons Bay Vacant Land Opportunity
    $198,500
    1.00 Acre
    Suttons Bay Vacant Land Opportunity

    Premier building site with water views near Suttons Bay.

    1881 N Blue Water Court, Suttons Bay, MI 49682

    View details

    Lake Leelanau, MI Residential Income Properties Investment Opportunities Market Analysis

    Explore 1 residential income properties for sale in Lake Leelanau, MI on our real estate platform. These investment opportunities span a total of 900 square feet of properties for sale, with an estimated market value of $429,000.

    Sale prices for residential income properties in Lake Leelanau, MI start at $429,000, averaging $429,000, and reaching up to $429,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 1
    Short term rental properties 1

    Demographics Overview

    Population 1,813
    Population Growth (5Y) -10.2%
    Median Household Income $84,954
    College Educated 74.3%

    High-Yield Neighborhoods for Investment

    Identify Lake Leelanau submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49653 $429K

    Taxes & Financing

    Tax Rate (average for all types) 2.01%
    Tax Rate vs County Average 0.24 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Leelanau County

    New Delisted

    Total CRE Inventory on Market (SF)

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