# 116 E Philips Street, Lake Leelanau, MI 49653

> **TL;DR:** commercial, $699,000 ($255/sqft), 2,740 sqft. Est. $3,739/mo. Listed 63 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $699,000 |
| Price/sqft | $255 |
| Square Feet | 2,740 |
| Lot Size | 20,473 sqft (0.47 acres) |
| Property Type | Commercial (Office) |
| Status | Active |
| Days on Market | 63 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,535 |
| Estimated Insurance | $204 |
| **Total** | **$3,739** |

## Property Highlights

- 0.47 acre lot

## Description

### Agent Description
Lake Leelanau Village Commercial District: OWNER/OCCUPANT possibility! Charming single story building with multiple tenants. Great visibility, great access, great parking! C1 Zoning. Here is an opportunity to own a sweet income property in Leelanau County and even make future expansion plans. Subject to tenant's rights. Land division recently approved by road commission, MDOT and Leland Twp. (see associated documents). Creativity wins here. All listing information is deemed reliable, but not guaranteed and has been obtained from seller and/or third-party sources. Buyer and its agent to verify all details. For adjacent vacant parcel (009-024-041-00) see listing number 1949877

## Location

- **Address:** 116 E Philips Street, Lake Leelanau, MI 49653
- **County:** Leelanau
- **Coordinates:** 44.982019, -85.70914
- **Google Maps:** https://www.google.com/maps?q=44.982019,-85.70914

## Listing Agent

- **Name:** Thomas Alflen
- **Brokerage:** EXIT Realty Paramount
- **Broker Phone:** (231) 946-4404

## Photos

![116 E Philips Street - Photo 1](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1571443436r.jpg)

![116 E Philips Street - Photo 2](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1656921960r.jpg)

![116 E Philips Street - Photo 3](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1791185257r.jpg)

![116 E Philips Street - Photo 4](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f4251414787r.jpg)

![116 E Philips Street - Photo 5](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f800978976r.jpg)

![116 E Philips Street - Photo 6](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1834924258r.jpg)

![116 E Philips Street - Photo 7](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1079007108r.jpg)

![116 E Philips Street - Photo 8](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f3643022431r.jpg)

![116 E Philips Street - Photo 9](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f4084328764r.jpg)

![116 E Philips Street - Photo 10](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1560416332r.jpg)

![116 E Philips Street - Photo 11](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f4132696958r.jpg)

![116 E Philips Street - Photo 12](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f3922484918r.jpg)

![116 E Philips Street - Photo 13](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f128571293r.jpg)

![116 E Philips Street - Photo 14](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1455361915r.jpg)

![116 E Philips Street - Photo 15](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1525024444r.jpg)

![116 E Philips Street - Photo 16](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f833334349r.jpg)

![116 E Philips Street - Photo 17](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f155363175r.jpg)

![116 E Philips Street - Photo 18](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f3202546124r.jpg)

![116 E Philips Street - Photo 19](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f386878767r.jpg)

![116 E Philips Street - Photo 20](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f2971964085r.jpg)

![116 E Philips Street - Photo 21](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f3143359396r.jpg)

![116 E Philips Street - Photo 22](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f591403781r.jpg)

![116 E Philips Street - Photo 23](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f2694891806r.jpg)

![116 E Philips Street - Photo 24](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f3718644430r.jpg)

![116 E Philips Street - Photo 25](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f3232461111r.jpg)

![116 E Philips Street - Photo 26](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1402725043r.jpg)

![116 E Philips Street - Photo 27](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1604060533r.jpg)

![116 E Philips Street - Photo 28](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f953865002r.jpg)

![116 E Philips Street - Photo 29](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f2663945487r.jpg)

![116 E Philips Street - Photo 30](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f3295095328r.jpg)

![116 E Philips Street - Photo 31](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f157921989r.jpg)

![116 E Philips Street - Photo 32](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f359587758r.jpg)

![116 E Philips Street - Photo 33](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f2975047643r.jpg)

![116 E Philips Street - Photo 34](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f2224245848r.jpg)

![116 E Philips Street - Photo 35](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f2287339025r.jpg)

![116 E Philips Street - Photo 36](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f1374523089r.jpg)

![116 E Philips Street - Photo 37](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f2808750845r.jpg)

![116 E Philips Street - Photo 38](http://lh.rdcpix.com/8380aa7a944952a9f8582310f7e6d050l-f3448251315r.jpg)

---

**MLS#:** 1949876 | **Updated:** 2026-10-26
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/116-e-philips-street-lake-leelanau-mi-49653-bcc052d5506c4bf591b524b8264f8502)

---

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