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    Luther, MI
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    Luther, MI Multifamily Properties for Sale

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    Reed City, MI Leroy, MI Chase, MI Baldwin, MI Irons, MI Idlewild, MI Tustin, MI Wellston, MI
    Lakefront Multifamily Property
    Updated: Jul 27
    Lakefront Multifamily Property

    3943 N Skookum Road, Luther, MI 49656

    $3,900,000
    22,755 sqft 668.82 AC lot
    668.82‑acre multifamily property with private lake and creek waterfront
    12,500‑square‑foot lodge with 10 guest suites and commercial kitchen
    Four additional residential buildings provide approximately 8,800 square feet
    Private Rockwell Lake described as 45–50 acres
    Separate manager’s residence plus maintenance and support buildings
    View details
    Lakeside Resort Campus
    Updated: Oct 2, 2025
    Lakeside Resort Campus

    3943 N Skookum Road, Luther, MI 49656

    $5,900,000
    22,755 sqft 668.82 AC lot
    668.82‑acre resort campus in Luther, MI
    12,500‑square‑foot lodge with 10 guest suites
    Commercial kitchen, dining areas, and gathering spaces
    Four additional residential buildings totaling approximately 8,800 square feet
    Private 45–50‑acre lake and extensive wooded trail systems
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Luther, 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.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    Reed City, MI 49677

    $239,000
    4,132 sqft

    The ground floor offers office space, while the upper level includes an existing apartment and a second apartment area for completion.

    View details
    Duplex with New Roof
    Duplex with New Roof

    332 W Upton Avenue, Reed City, MI 49677

    $185,000
    0.30 AC lot

    Two residential units offer distinct layouts with kitchens, living areas, bedrooms, and laundry accommodations.

    View details
    Duplex with Barn on Acreage
    Duplex with Barn on Acreage

    18426 14 Mile Road, Leroy, MI 49655

    $170,000
    8.25 AC lot

    Double-unit residence with a barn, open land, and rural surroundings.

    View details
    Double-Unit Residence and Barn
    Double-Unit Residence and Barn

    Leroy, MI 49655

    $170,000
    8.00 AC lot

    Double-unit home on spacious acreage with a barn and open space for flexible living or income opportunities.

    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.

    Tippy Dam Lodge Resort
    Tippy Dam Lodge Resort

    1306 N Tippy Dam Road, Wellston, MI 49689

    $900,000
    22.24 AC lot

    Multi-building hospitality property with guest sleeping quarters, event space, and a commercial kitchen and dining facility.

    View details

    Luther, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Luther, MI on our real estate platform. These investment opportunities span a total of 45,510 square feet of properties for sale, with an estimated market value of $9,800,000.

    Sale prices for multifamily properties in Luther, MI start at $3,900,000, averaging $4,900,000, and reaching up to $5,900,000 — 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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    Demographics Overview

    Population 2,111
    Population Growth (5Y) +30.6%
    Median Household Income $55,781
    College Educated 13.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49656 $4.9M

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Luther, MI

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