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    Luther, MI Multifamily Properties for Sale

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    Reed City, MI Leroy, MI Irons, MI
    Two-Story Commercial Building Near Luther
    $109,000
    2,788 SF

    Two-Story Commercial Building Near Luther

    10978 E Eight Mile Road, Luther, MI 49656

    Versatile commercial building near Luther, MI, suitable for various uses.

    • Approved duplex conversion plans in place for immediate redevelopment
    • Major updates completed in 2016 plus $54,000 in recent improvements
    • No local zoning restrictions, providing development flexibility
    • Versatile building suitable for commercial space, single‑family residence, or duplex conversion
    • Located in the village of Bristol, close to Luther
    Updated: Feb 2
    View details
    Versatile Two-Story Commercial Building
    $109,000
    2,788 SF

    Versatile Two-Story Commercial Building

    10978 E Eight Mile Road, Luther, MI 49656

    Two-story commercial building with updates, suitable for various uses.

    • Approved duplex conversion plans in place.
    • Major updates completed in 2016 (new roof, foundation, electrical) and recent updates totaling $54,000 (new well, fencing, RV & hot tub pad).
    • No local zoning restrictions, offering flexible use options.
    • Located near Manistee National Forest, Little Manistee River, Pine River, and ATV trails.
    • Versatile building suitable for commercial space, single‑family residence, or duplex conversion.
    Updated: Jan 31
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Luther, 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.

    Turnkey Cadillac Investment Property
    $285,000
    2,929 SF

    Turnkey Cadillac Investment Property

    Four-unit property with strong cash flow near Lake Cadillac.

    1102 Chestnut Street, Cadillac, MI 49601
    View details
    Turnkey Cadillac Investment Property
    $285,000
    1,263 SF

    Turnkey Cadillac Investment Property

    Four-unit property with strong cash flow near Lake Cadillac.

    1102 Chestnut St, Cadillac, MI 49601
    View details
    Village Duplex Investment Opportunity
    $134,900
    1,640 SF

    Village Duplex Investment Opportunity

    Duplex in Baldwin, MI, with updates and tenant leases.

    1038 Michigan Avenue, Baldwin, MI 49304
    View details
    Profitable RV Park Near Ludington
    $5,500,000

    Profitable RV Park Near Ludington

    RV park with cabins, tent sites, and expansion potential.

    11713 West 40th Street, Baldwin, MI 49402
    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 Retreat
    $999,900
    22.24 Acres

    Tippy Dam Lodge Retreat

    Unique lodge in Manistee National Forest with multiple buildings.

    1306 N Tippy Dam Road, Wellston, MI 49689
    View details
    Land For Sale
    $67,999

    Land For Sale

    Land available in Mason County.

    4993 E Wetland Trail, Custer, MI 49405
    View details
    Recreational Land Bordering National Forest
    $39,900
    0.96 Acres

    Recreational Land Bordering National Forest

    RV recreational lot bordering Manistee National Forest.

    V/L E Kissing Oaks Trail, Custer, MI 49405
    View details
    Traverse City Land with Utilities
    $59,000
    0.52 Acres

    Traverse City Land with Utilities

    Half-acre lot with well, septic, gas, and electric hookup.

    4866 Luanne Lane, Traverse City, MI 49685
    View details

    Luther, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Luther, MI on our real estate platform. These investment opportunities span a total of 5,576 square feet of properties for sale, with an estimated market value of $218,000.

    Sale prices for multifamily properties in Luther, MI start at $109,000, averaging $109,000, and reaching up to $109,000 — 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

    Duplexes 2

    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 median listing prices of real estate assets

    Neighborhood Average Price
    49656 $109K

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