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    Lake Leelanau, MI Short Term Rental 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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Leelanau, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Otsego Lake Multifamily Cottage Property
    $895,000
    3,169 SF
    Otsego Lake Multifamily Cottage Property

    Unique multifamily property on Otsego Lake with rental history.

    3551 W Otsego Lake Drive, Gaylord, MI 49735

    View details
    Gaylord Duplexes: Income Opportunity
    $725,000
    3,440 SF
    Gaylord Duplexes: Income Opportunity

    Two duplexes built in 2023, great for rental income.

    126 & 128 E Mill Street, Gaylord, MI 49735

    View details
    Fully Remodeled 4-Plex in C-2
    $1,700,000
    2,245 SF
    Fully Remodeled 4-Plex in C-2

    Four fully remodeled units in a C-2 commercial zone, with flexible configurations for multiple tenant or group setups.

    607 W Front Street, Traverse City, MI 49684

    View details
    Remodeled 4-Plex with Flexible Use
    $1,700,000
    Remodeled 4-Plex with Flexible Use

    Fully remodeled 4-plex offers multiple unit configurations and flexible C-2 zoning for a variety of commercial and housing uses.

    607 W Front St, Traverse City, MI 49684

    View details

    Lake Leelanau, MI Short Term Rental Properties Investment Opportunities Market Analysis

    Explore 1 short term rental 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 short term rental 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

    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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