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Four-Duplex Apartment Property
New
For Sale
$969,000

10245 E FORT ROAD, Suttons Bay, MI 49682

MULTI_FAMILY - SUTTONS BAY, MI

Property Size744 SF
Price / SF$1,302
Days on Market2

Property Features for 10245 E FORT ROAD

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Property condition Under Construction
Bedrooms 9
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 1, Bedroom 6, Bedroom 9, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 8
Subdivision Bingham
Standard status Active
Size 744 SF
Listing Agency: Coldwell Banker Schmidt Realtors - Traverse City 402 · Coldwell Banker Real Estate
Listed By: Karen Schmidt · License #6501234844
Added: Aug 10 Last Checked: Aug 11 at 8:06AM
MLS# 1873061

Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This apartment property comprises four duplex buildings with eight rental units, each arranged on a single level with full basements. One residence includes three bedrooms and a walkout lower level. Improvements completed between 2002 and 2003 included roofs, kitchens, bathrooms, flooring, trim, and interior paint. One building has a two-car garage, with permits available for two additional garages.

The property encompasses almost 5 acres in a wooded setting bordered by farmland. It is located 1 mile from M-22, providing access toward Suttons Bay and in the opposite direction. The address is 10245 E Fort Road, Suttons Bay, Michigan.

Key Highlights

  • Four duplex buildings provide 8 rental units
  • Almost 5 acres of wooded property bordered by farmland
  • Single‑story buildings with full basements

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Real Estate Agency Gym & Fitness Center Pet Store Pet Store & Service Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby

Demographics for 49682, MI

4,272
Population
2,439
Households
1.8
Avg Household Size
52
Median Age
42%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
104
Density / Sq Mi
$89,688
Median Household Income
$37,057
Median Earnings
$1,227
Median Rent
$367,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight single-story rental units with basements occupy a wooded, multi-acre setting near M-22.
Where is this apartment building located?
The property is located at 10245 E FORT ROAD Suttons Bay, MI.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Four duplex buildings provide 8 rental units; Almost 5 acres of wooded property bordered by farmland; Single‑story buildings with full basements
More about this property
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