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    Rapid City, MI South Boardman, MI Alden, MI Williamsburg, MI Mancelona, MI Fife Lake, MI Bellaire, MI Traverse City, MI
    Versatile Commercial Property in Kalkaska
    Updated: Sep 10, 2025
    Versatile Commercial Property in Kalkaska

    305 Elm Street, Kalkaska, MI 49646

    $240,000
    3 sqft
    Versatile commercial property suitable for multi‑unit rental, office space, or new business location.
    Originally designed as a quadplex, offering significant investment potential.
    Prime location with convenient access to local amenities, parks, and schools.
    Ample space that can be tailored to a variety of needs.
    Paved parking available.
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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 Kalkaska, 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.

    Victorian Triplex With Lake Views
    Victorian Triplex With Lake Views

    118 E State Street, Fife Lake, MI 49633

    $374,900
    3,216 sqft 0.11 AC lot

    Three rental units occupy a historic, multi-level frame building with deck, porch, and patio areas.

    View details
    Historic Triplex With Lake Views
    Historic Triplex With Lake Views

    118 E State St, Fife Lake, MI 49633

    $374,900
    3,216 sqft

    Built in 1886, this triplex has three rental units and an expansive deck overlooking Fife Lake.

    View details
    Updated Duplex with Ranch Layout
    Updated Duplex with Ranch Layout

    7228 S M-88, Bellaire, MI 49615

    $394,000
    1,784 sqft 1.00 AC lot

    Two residential units include remodeled kitchens, bathrooms, and dedicated laundry areas.

    View details
    Updated Duplex with Two Units
    Updated Duplex with Two Units

    7228 S M-88, Bellaire, MI 49615

    $394,000
    1,784 sqft 1.00 AC lot

    Ranch-style duplex with refreshed kitchens, remodeled bathrooms, and laundry accommodations serving both units.

    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

    Kalkaska, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Kalkaska, MI on our real estate platform. These investment opportunities span a total of 3 square feet of properties for sale, with an estimated market value of $240,000.

    Sale prices for multifamily properties in Kalkaska, MI average $240,000 — 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

    Quadplexes 1

    Demographics Overview

    Population 8,573
    Population Growth (5Y) +1.4%
    Median Household Income $55,188
    College Educated 20.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49646 $240K

    Taxes & Financing

    Tax Rate (average for all types) 3.15%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kalkaska County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

    Retail

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