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Renovated Lakefront Apartment Building
For Sale
$1,649,000

9661 Lake Street, Ellsworth, MI 49729

Multifamily, Ellsworth, MI

Property Size4,736 SF
Lot Size53.00 Acres
Price / SF$348.18
Days on Market51

Property Features for 9661 Lake Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Commercial-Improved
Elementary school district Ellsworth
Middle school district Ellsworth
High school district Ellsworth
Directions If you are heading South through the village of Ellsworth turn left at Church street, then left on Lake Street and the property is just past the Dollar General
Subdivision Ellsworth Vil
Standard status Active
APN 05-44-013-034-00
Size 4,736 SF
Lot size 53.00 Acres

Taxes and HOA fees

Tax Description BEG AT THE N 1/4 COR OF SEC 13; TH S 0 DEG E 2049.70 FT ALG N-S 1/4 LINE OF SEC TO C/L OF CO RD; TH
Legal Description BEG AT THE N 1/4 COR OF SEC 13; TH S 0 DEG E 2049.70 FT ALG N-S 1/4 LINE OF SEC TO C/L OF CO RD; TH

Utilities

Heating system Natural Gas
Water source Well
Water front 1

Building Details

Number of units 9
Building materials Wood Frame
Roof type Shingle
Listing Agency: Berkshire Hathaway HomeServices Real Estate
Listed By: Matthew Murray · License #6501441581
Added: Jul 2 Changed: Aug 19 Last Checked: Aug 21 at 7:06AM
MLS# 479434

Copyright © 2026 Northern Michigan MLS. 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.

Offered for sale at 9661 Lake Street in Ellsworth, MI, this renovated multifamily apartment building was converted from a former bed & breakfast into individual, private units. The property is described as a nine-bed, nine-and-a-half-bath estate, and is presented as turn-key following professional renovations.

Set on approximately 53 acres, the estate includes 139 feet of private frontage on Saint Clair Lake, providing direct lake access.

The listing is classified as Commercial-Improved zoning and is available for purchase as a commercial-improved multifamily asset.

Key Highlights

  • Professionally renovated 9‑bed, 9.5‑bath estate originally built as a bed & breakfast and converted into individual private units
  • Over 53 acres of land, offering privacy and space for an estate or short‑term rental setup
  • 139 ft of private frontage on Saint Clair Lake

Property Analytics

Current Use

The House on the Hill Bed ... Bed & Breakfast

Suggested Use

Top Pick HVAC Service Auto Repair Shop Veterinary Clinic Real Estate Agency Discount Store Nursing Home

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

47
Businesses Nearby

Demographics for 49729, MI

1,527
Population
995
Households
1.5
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
37.2 sq mi
ZIP Area
41
Density / Sq Mi
$78,365
Median Household Income
$40,909
Median Earnings
$1,056
Median Rent
$199,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Short term rental property - Renovated multifamily estate with individual private units, nine bedrooms, 9.5 baths, and private lake frontage.
Where is this short term rental property located?
The property is located at 9661 Lake Street Ellsworth, MI.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Professionally renovated 9‑bed, 9.5‑bath estate originally built as a bed & breakfast and converted into individual private units; Over 53 acres of land, offering privacy and space for an estate or short‑term rental setup; 139 ft of private frontage on Saint Clair Lake
More about this property
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