Rebuilt Apartment
New
For Sale
$2,700,000
9523 N Business 31, Pentwater, MI 49449
Multi Family, Pentwater, MI
Property SizeContact for details
Lot Size2.19 Acres
Days on Market2
Property Features for 9523 N Business 31
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R2 & R3
Bedrooms
22
Bathrooms
4
Full bathrooms
11
Half bathrooms
3
Rooms
Bedroom 18, Bathroom 2, Bathroom 9, Bedroom 2, Bedroom 13, Bedroom 4, Bedroom 5, Bedroom 20, Bedroom 3, Bedroom 7, Bedroom 12, Bathroom 11, Bedroom 21, Bathroom 6, Bedroom 19, Bedroom 14, Bathroom 4, Bathroom 5, Bedroom 9, Bedroom 11, Bathroom 10, Bathroom 1, Bedroom 17, Bathroom 7, Bedroom 1, Bedroom 8, Bedroom 22, Bathroom 13, Bathroom 3, Bedroom 10, Bathroom 14, Bathroom 12, Bedroom 15, Bedroom 16, Bathroom 8, Bedroom 6
Parking
30
Parking features
Driveway, Paved or Surfaced
Basement
Partial
Elementary school
Pentwater Public School
Middle school
Pentwater Public School
High school
Pentwater Public School
Elementary school district
Pentwater
Middle school district
Pentwater
High school district
Pentwater
Directions
From the North (Ludington): Take S Pere Marquette Hwy / BR US-31 South, at stop sign continue West on Pere Marquette Hwy / BR US-31 to property on the North side. From the South: Take US-31 N to Exit 154 (Oceana Dr / Pentwater). Turn west onto N Oceana Dr / BR US-31 continue to property is on the north side of the road.
Standard status
Active
APN
5 total - see lengthy legal in documents
Lot size
2.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
See lengthy legal in documents - contains 5 tax id's and legal descriptions
Tax Annual Amount
12464
Legal Description
See lengthy legal in documents - contains 5 tax id's and legal descriptions
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Water front features
Lake
Water front
1
Amenities
coin-operated laundry
private patio
firepit
hot tub
Building Details
Year built
1970
Number of units
10
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Greenridge Realty S Rath
(231) 843-6868
Listed By:
Debby Stevenson · License #6502347161
(231) 510-5727
Added: Aug 27
Last Checked: Aug 28 at 1:06AM
MLS# 26045545
Copyright © 2026 Michigan Regional Information Center, LLC. 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 fully occupied apartment property in Pentwater, MI spans 2.19 acres across three residential structures and a separate outbuilding. The South Building contains seven rental units, while the North Building adds three more. A separate Rear Building provides management quarters and a 1-bedroom, 1-bath owner's suite with a private patio, firepit, and 7-person Sundance hot tub.
The buildings were rebuilt from the studs, with new vinyl siding, drywall, paint, cabinetry, butcher block countertops, flooring, trim, appliances, furnaces, and AC units. Individual electric meters and dedicated AC units serve the rental spaces. A central coin-operated laundry facility adds operational functionality. The property also includes a 20x20 heated pump house with a garage door and the full H2O system. Additional features include lake waterfront, paved driveway parking, well water, and septic service.
The buildings were rebuilt from the studs, with new vinyl siding, drywall, paint, cabinetry, butcher block countertops, flooring, trim, appliances, furnaces, and AC units. Individual electric meters and dedicated AC units serve the rental spaces. A central coin-operated laundry facility adds operational functionality. The property also includes a 20x20 heated pump house with a garage door and the full H2O system. Additional features include lake waterfront, paved driveway parking, well water, and septic service.
Key Highlights
- 10 long‑term rental units plus an owner's suite and property manager quarters
- Three residential structures and a separate 20x20 heated pump house
- 2.19‑acre property with lake waterfront
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 49449, MI
2,776
Population
2,642
Households
1.1
Avg Household Size
58
Median Age
43%
College-Educated
95%
High-School Grad
41.7 sq mi
ZIP Area
67
Density / Sq Mi
$74,286
Median Household Income
$36,875
Median Earnings
$719
Median Rent
$282,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residential property includes ten long-term rental units plus separate owner and management accommodations.
Where is this apartment building located?
The property is located at 9523 N Business 31 Pentwater, MI.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 10 long‑term rental units plus an owner's suite and property manager quarters; Three residential structures and a separate 20x20 heated pump house; 2.19‑acre property with lake waterfront
