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Multi-Unit Residential Property
For Sale
$389,900

7378 Chief Rd, Bear Lake, MI 49614

Residential income property with a substantial land component in Bear Lake, Michigan.

Property SizeContact for details
Lot Size1.72 Acres
Days on Market52

Property Features for 7378 Chief Rd

General Information

Standard status Active
Lot size 1.72 Acres
Property subtype Investment

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $2,555

Building Details

Year Built 1900
Units 3
Listing Agency: Coldwell Banker ALM REALTY
Listed By: Brenda Cronan
Source: Elliman
Added: Jul 10 Changed: Aug 29 Last Checked: Aug 29 at 5:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker ALM REALTY

Investment Insights

Based on property information with market context.

This multifamily property is configured for 2 to 4 units and includes a substantial parcel measuring nearly 75,000 square feet. The structure dates to 1900, providing a long-established residential asset within the Bear Lake area.

Located at 7378 Chief Rd in Bear Lake, Michigan, the property has a Walk Score of 0, classified as Car-Dependent, and a Bike Score of 25, classified as Somewhat Bikeable. These scores provide additional context for transportation access and the surrounding setting.

Key Highlights

  • 2 to 4 unit multifamily property
  • Nearly 75,000 square feet of land
  • Structure built in 1900

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Pet 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

4
Residential units

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 49614, MI

2,985
Population
1,967
Households
1.5
Avg Household Size
51
Median Age
29%
College-Educated
96%
High-School Grad
91.4 sq mi
ZIP Area
33
Density / Sq Mi
$71,389
Median Household Income
$36,739
Median Earnings
$963
Median Rent
$203,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Multifamily property - Residential income property with a substantial land component in Bear Lake, Michigan.
Where is this multifamily property located?
The property is located at 7378 Chief Rd Bear Lake, MI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 2 to 4 unit multifamily property; Nearly 75,000 square feet of land; Structure built in 1900
More about this property
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