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    Indian River, MI
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    Indian River, MI Multifamily Properties for Sale

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    Alanson, MI Topinabee, MI Cheboygan, MI Wolverine, MI Afton, MI Brutus, MI Petoskey, MI Wolverine Lake, MI
    Remodeled Furnished Short-Term Rental
    Updated: Sep 5
    Remodeled Furnished Short-Term Rental

    4-4179 S Straits Hwy, Indian River, MI 49749

    $215,000
    399 sqft
    Completely remodeled in 2026
    Fully furnished and equipped
    Located along the Sturgeon River
    Access to Burt Lake and the Inland Waterway system
    Supports boating, fishing, kayaking, skiing, and snowmobiling access
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    Remodeled Furnished Short-Term Rental Cabin
    Updated: Sep 2
    Remodeled Furnished Short-Term Rental Cabin

    3-4179 S Straits Hwy, Indian River, MI 49749

    $199,900
    360 sqft
    Completely remodeled in 2026
    Furnishings and equipment included
    Located within the Reed's on the River Sturgeon River Cabin Association
    Situated along the Sturgeon River
    Access to Burt Lake and the Inland Waterway system
    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 2 Active listings in Indian River, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Six-Unit Apartment Building
    Six-Unit Apartment Building

    123 North Bailey Street, Cheboygan, MI 49721

    $399,000
    16,718 sqft

    Commercially zoned property with rear paved parking, an attached garage, and storage space.

    View details
    13-Unit Apartment Building
    13-Unit Apartment Building

    5692 N US 31 Highway, Levering, MI 49755

    $497,000
    4,769 sqft

    Fully rented efficiency-apartment property with on-site laundry, paved parking, and an attached house/office.

    View details
    7-Unit Apartment Building
    7-Unit Apartment Building

    2870 N US 31 Highway, Levering, MI 49755

    $269,000
    2,800 sqft

    Fully rented efficiency apartments with on-site coin laundry and commercial zoning.

    View details
    6-Unit Apartment Building
    6-Unit Apartment Building

    123 N BAILEY STREET, Cheboygan, MI 49721

    $379,000

    Attached garage, storage, basement space, and paved rear parking support the property’s residential configuration.

    View details

    Indian River, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Indian River, MI on our real estate platform. These investment opportunities span a total of 759 square feet of properties for sale, with an estimated market value of $414,900.

    Sale prices for multifamily properties in Indian River, MI start at $199,900, averaging $207,450, and reaching up to $215,000 — 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

    Short term rental properties 3

    Demographics Overview

    Population 4,860
    Population Growth (5Y) +21.7%
    Median Household Income $66,604
    College Educated 49.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49749 $207.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.66%
    Tax Rate vs County Average 0.54 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cheboygan County

    New Delisted

    Total CRE Inventory on Market (SF)

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