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    Lake, MI
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    Lake, MI Multifamily Properties for Sale

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    Sears, MI Farwell, MI Clare, MI Harrison, MI Lake George, MI Weidman, MI Evart, MI Barryton, MI
    Duplex with Detached Garage
    Updated: Aug 16, 2025
    Duplex with Detached Garage

    10215 S Lake Station, Lake, MI 48632

    $379,000
    3,744 sqft 0.72 AC lot
    Duplex with 2 bedrooms and 1 bathroom per unit
    Full basement for each unit
    Forced‑air heating and central air conditioning
    Large 4‑car detached garage (24x48)
    Deck and ranch architectural style
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    Waterfront Cabin Quadplex
    Updated: Mar 23, 2025
    Waterfront Cabin Quadplex

    1249 N CROOKED, Lake, MI 48632

    $644,900
    3,164 sqft 0.34 AC lot
    Unique waterfront property on all‑sports Crooked Lake with 4 cabins on the same lot
    109 ft of water frontage with vinyl seawall on Crooked Lake
    All cabins have been recently updated, including roofs and bathrooms, plus seawall updates
    Includes 2 docks and multiple outdoor spaces: sandy beach area, firepit, and large barbeque
    On‑site storage: 3 storage sheds plus 2 “she” sheds for extra guest space
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    Two Duplexes Residential Income Property
    Two Duplexes Residential Income Property

    10195 S Lake Station, Lake, MI 48632

    $598,000
    8,128 sqft 1.25 AC lot

    Four-unit residential income property with two bedrooms per unit, central heat/air, and attached garages.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Two-Unit Duplex with Attached Garages
    Two-Unit Duplex with Attached Garages

    10203 S Lake Station, Lake, MI 48632

    $359,000
    4,496 sqft 0.64 AC lot

    Well-maintained two-unit duplex offers central heat/air, attached garages, and shared well service near Lake Station Ave.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Main Street Investment Opportunity
    Main Street Investment Opportunity

    210 N Main Street, Evart, MI 49631

    $199,900
    689 sqft 0.08 AC lot

    Mixed-use property with commercial space and residential apartment.

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    Detached Two-Home Investment
    Detached Two-Home Investment

    524 N Kinney, Mt Pleasant, MI 48858

    $199,900
    2,100 sqft 0.18 AC lot

    Two fully detached residences on one parcel, each with two bedrooms, one bath, attached garage, and private backyard.

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    Two-Unit Duplex with Two Bedrooms
    Two-Unit Duplex with Two Bedrooms

    1504 Lyons Street, Mt Pleasant, MI 48858

    $114,900
    1,440 sqft 0.14 AC lot

    Two-story duplex offers two separately rented two-bedroom, one-bath units with tenant-paid utilities.

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    Detached Mixed-Use Duplex Property
    Detached Mixed-Use Duplex Property

    210 N Main Street, Evart, MI 49631

    $199,900

    Free-standing two-unit building with a commercial unit and a rented two-bedroom apartment, plus parking from Main Street and the alley.

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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.

    Private Campground Lot with Hookups
    Private Campground Lot with Hookups

    4537 Pine Run, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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    Sanford Vacant Land with Utilities
    Sanford Vacant Land with Utilities

    978 timberlynn trail, Sanford, MI 48657

    Contact for pricing
    0.80 AC lot

    Two lots with water and electric hookups, lake access.

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    Residential Land in Riverdale
    Residential Land in Riverdale

    N Lumberjack Road, Riverdale, MI 48877

    Contact for pricing
    0.67 AC lot

    Vacant residential land suitable for building or mobile home placement.

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    Tippy Dam Lodge Retreat
    Tippy Dam Lodge Retreat

    1306 N Tippy Dam Road, Wellston, MI 49689

    $999,900
    22.24 AC lot

    Unique lodge in Manistee National Forest with multiple buildings.

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    Lake, MI Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Lake, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 19,532 square feet of properties for sale, with an estimated market value of $1,980,900.

    Sale prices for multifamily properties in Lake, MI start at $359,000, averaging $495,225, and reaching up to $644,900 — 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

    Duplexes 4
    Quadplexes 1

    Demographics Overview

    Population 4,995
    Population Growth (5Y) -4.8%
    Median Household Income $51,740
    College Educated 18.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    48632 $496.3K

    Taxes & Financing

    Tax Rate (average for all types) 3.50%
    Tax Rate vs County Average 0.85 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clare County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

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