102 W Philip Street, Lake Leelanau, MI 49653

$925,000 Asking Price

5 beds
2 baths
2,006  sqft
Built in 1900

Fabulous income opportunity in the heart of the village of Lake Leelanau! Currently the house is being used as a 5 bedroom 2 bath long term rental, but this listing boasts not one, but 2 commercial lots within walking distance to the boat launch, wineries, distilleries, restaurants and shops! Both lots (over .5 acres combined) are zoned Commercial C-1 and so there are many, possibilities for future endeavors! These parcels are being sold together and will not be sold separately. The parcel #'s are 45-009-770-200-50 and 45-009-770-202-00. All measurements and tax information have been taken from 3rd party sources and are deemed reliable but should be verified by Buyer or Buyer's Agent.

Features & Amenities

Interior

General:
Built-In Bookcase,Mud Room
Appliances:
Refrigerator,Oven/Range,Dishwasher,Microwave,Water Softener Owned,Washer,Dryer,Exhaust Fan,Natural Gas Water Heater
Basement:
Crawl Space
A/C:
Hot Water
Heating:
Hot Water, Natural Gas
Fireplace:
Gas

Exterior

General:
Vinyl,Wood, Sprinkler System
Style:
Ranch
Other Structures:
None

Construction

Roofing:
Asphalt
General:
Frame, Ranch, Crawl Space

Location

Road/Access:
Public Maintained
HOA Amenities:
None
School District:
Leland Public School District
County:
Leelanau

Lot

Driveway:
Concrete
Zoning:
Residential,Commercial, 2 separate parcels see associated documents.

Utilities

Water:
Private Well
Sewer:
Municipal

This listing courtesy of:
Five Star Real Estate - Front St TC, Robin Vilter

About Lake Leelanau, MI

Housing

Number of Units
834
Median Home Value
$321,621
Median Rent
$622

15.17% of housing units are renter occupied.

33.60% are vacant.

Commute

Car
73.74%
Public Transportation
0.02%
Walk to Work
3.58%
Work from Home
21.76%
Other
0.57%

The median travel time to work is 19 minutes.

People

Population
1,271
Median Age
54.50
Median Household Size
2.39

Education

High School
24.07%
Associate’s Degree
6.81%
Bachelor’s Degree
21.65%
Graduate Degree
20.93%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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