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    Ellsworth, MI
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    Ellsworth, MI Multifamily Properties for Sale

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    East Jordan, MI Central Lake, MI Charlevoix, MI Eastport, MI Kewadin, MI Bellaire, MI Boyne City, MI Northport, MI
    Renovated Multifamily Property
    Updated: Jul 2
    Renovated Multifamily Property

    9661 Lake Street, Ellsworth, MI 49729

    $1,649,000
    4,736 sqft 53.00 AC lot
    4,736‑square‑foot multifamily property with nine bedrooms and nine and a half baths
    Individually configured private units within a renovated former bed‑and‑breakfast
    53‑acre property with 139 feet of private frontage on Saint Clair Lake
    Commercial‑Improved zoning
    Wood‑frame construction with a shingle roof
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    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 Ellsworth, 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.

    Historic Apartment Compound
    Historic Apartment Compound

    4987 Loeb Road, Charlevoix, MI 49720

    $1,495,000
    6,317 sqft

    Three-building multifamily property with renovated interiors, natural gas heating, and Commercial zoning.

    View details
    2023-Built Four-Unit Townhouse Complex
    2023-Built Four-Unit Townhouse Complex

    710 Water Street, East Jordan, MI 49727

    $1,100,000
    5,360 sqft

    Four attached residences feature private outdoor space, dedicated carports, separate utility metering, and contemporary mechanical systems.

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    Three-Building Apartment Compound
    Three-Building Apartment Compound

    4987 Loeb Road, Charlevoix, MI 49720

    $1,495,000
    6,317 sqft 2.00 AC lot

    Leased residential units occupy a flexible multifamily layout with approved capacity for additional occupancy.

    View details
    Two-Unit Duplex with City Utilities
    Two-Unit Duplex with City Utilities

    825 & 827 Vance Street, East Jordan, MI 49727

    $249,900
    1,344 sqft

    R1-zoned property containing two residences, each configured with two bedrooms and supported by municipal utilities.

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    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

    Ellsworth, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Ellsworth, MI on our real estate platform. These investment opportunities span a total of 4,736 square feet of properties for sale, with an estimated market value of $1,649,000.

    Sale prices for multifamily properties in Ellsworth, MI average $1,649,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Short term rental properties 1

    Demographics Overview

    Population 1,435
    Population Growth (5Y) -9.0%
    Median Household Income $78,365
    College Educated 31.9%

    High-Yield Neighborhoods for Investment

    Identify Ellsworth submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49729 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 2.08%
    Property Tax per SF $39.38 per SF
    Tax Rate vs County Average 0.24 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Antrim County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

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