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Lakefront Short-Term Rental Portfolio
For Sale
$1,350,000

W16930 Manilak Dr, McMillan, MI 49853

Commercial Sale, McMillan, MI

Property Size5,500 SF
Price / SF$245.45
Days on Market195

Property Features for W16930 Manilak Dr

General Information

Property type Commercial Sale
Property subtype Other
Elementary school district Tahquamenon
Middle school district Tahquamenon
High school district Tahquamenon
Directions From the blinking light in Newberry, head west on M-28. Continue on M-28 for about 8 miles. Turn left (south) onto County Road 135, Drive about 10 miles south. Look for Manilak Drive on the right-hand side
Subdivision 43 - Curtis, Engadine, Naubinway & Rexton
Standard status Active
APN 010-750-012-00,002, 003, 0100, 015, 016, 017, 013
Listing Agency: Grover Real Estate - Newberry
Listed By: Kristine McCraren · License #6506049107
Added: Feb 25 Changed: Aug 31 Last Checked: Sep 8 at 2:06PM
MLS# 26-70

Copyright © 2026 Eastern Upper Peninsula Board of 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 short-term rental portfolio includes five furnished cabins with approximately 5,500 square feet of combined living space. Condo Units 2, 3, 10, 11, and 12 are included, along with aluminum and pontoon boats for lake-based recreation. Developer rights convey with the sale, providing control of the existing Homeowners Association.

The property shares 637 feet of frontage on Big Manistique Lake in McMillan, Michigan. Two additional parcels totaling approximately 15 acres are part of the offering, together with buildable Lots 15 and 16. The combined land and lakefront components create a portfolio with existing accommodations and additional parcels for future development.

Key Highlights

  • Five fully furnished cabins totaling approximately 5,500 sf of living space
  • 637 feet of shared frontage on Big Manistique Lake
  • Two additional parcels totaling approximately 15 acres

Property Analytics

Current Use

Short term rental ...

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby

Demographics for 49853, MI

1,282
Population
1,189
Households
1.1
Avg Household Size
54
Median Age
24%
College-Educated
95%
High-School Grad
169.0 sq mi
ZIP Area
8
Density / Sq Mi
$59,405
Median Household Income
$26,154
Median Earnings
$725
Median Rent
$189,500
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?
Short term rental property - Furnished cabin portfolio with shared lake frontage, boats, and additional land for future development.
Where is this short term rental property located?
The property is located at W16930 Manilak Dr McMillan, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Five fully furnished cabins totaling approximately 5,500 sf of living space; 637 feet of shared frontage on Big Manistique Lake; Two additional parcels totaling approximately 15 acres
More about this property
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