Advertise
    Elk Rapids, MI
    Multifamily

    Elk Rapids, MI Multifamily Properties for Sale

    Notify Me
    List
    Map
    Williamsburg, MI Kewadin, MI Rapid City, MI Traverse City, MI Alden, MI Bellaire, MI Acme, MI Suttons Bay, MI
    Restored Cottage Court Resort
    Updated: Aug 13
    Restored Cottage Court Resort

    917 S Bayshore Dr, Elk Rapids, MI 49629

    $1,750,000
    4,000 sqft 5.00 AC lot
    Five wooded acres with a restored 1938 cottage court
    10 individual cottages, with 9 currently in the rental program
    Cottage sizes range from a 160‑square‑foot efficiency to a two‑bedroom retreat
    Combined lodging capacity of up to 28 guests
    Shared fire pit, group dining area, and lawn space
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Elk Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Versatile Property with Development Potential
    Versatile Property with Development Potential

    Williamsburg, MI 49690

    $674,900
    4.69 AC lot

    Income-generating duplex with light industrial zoning and development opportunities.

    View details
    Commercial Land with Rental Cabins
    Commercial Land with Rental Cabins

    1470 US-31 N, Traverse City, MI 49686

    $499,000
    1,000 sqft 0.66 AC lot

    Commercially zoned land with two cabins and a storage garage, near state park and the TART trail.

    View details
    Zoned Regional Business Waterfront Land
    Zoned Regional Business Waterfront Land

    Traverse City, MI 49686

    $499,000
    1,000 sqft

    Waterfront-facing land with two existing cabins and regional business zoning for offices, retail, or rentals.

    View details
    Light Industrial Land with Duplex
    Light Industrial Land with Duplex

    Williamsburg, MI 49690

    $600,000

    Grandfathered duplex with in-unit washer/dryer on light industrial/warehouse-zoned land with extensive frontage on M-72.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

    View details

    Elk Rapids, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Elk Rapids, MI on our real estate platform. These investment opportunities span a total of 4,000 square feet of properties for sale, with an estimated market value of $1,750,000.

    Sale prices for multifamily properties in Elk Rapids, MI average $1,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 1

    Demographics Overview

    Population 2,037
    Population Growth (5Y) +0.1%
    Median Household Income $74,318
    College Educated 62.2%

    Taxes & Financing

    Tax Rate (average for all types) 1.89%
    Property Tax per SF $21.92 per SF
    Tax Rate vs County Average 0.43 pp below county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Antrim County

    Retail

    Office

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Multifamily properties for Sale Near Elk Rapids, MI

    Popular Searches in Elk Rapids, MI

    Popular Categories

    Most Searched ZIP Codes in Elk Rapids, MI

    • 49629

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!