Mancelona, MI Multifamily properties for sale

Updated: Sep 26, 2025

Grocery Store With Gas Station

11380 NE Starvation Lake Road, Mancelona, MI 49659

$328,500

1,380 sqft

1,380 SF grocery and convenience store with gasoline service
Four RV full hookup sites, including two long‑term occupancies
Retail sales include food, liquor, beer/wine, lottery, SNAP, propane, and cut wood
Full kitchen and prep area for pizzas and sandwiches
Upgraded gas pumps and newer tank system

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This listing looks promising.

Here's a quick look at some key insights for

11380 NE Starvation Lake Road, Mancelona, MI 49659

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Est. Cap Rate

4.7%
NOI ÷ price
Est. NOI

$15K
Annual
Mortgage

$179K
Jun 2022
Last Sold

Apr 2024
$89K

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Mancelona, 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.

Lakeside Cabins Investment Property

11586 N Old 27, Frederic, MI 49733

$950,000

4,077 sqft

Turn-key Northern Michigan resort with strong income potential.

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Lake-Access Duplex

642 Sharon Street, Gaylord, MI 49735

$365,000

1,927 sqft

Two separate residences share one parcel with lake, beach, and trail access nearby.

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Two-Unit Residential Income Duplex

632 & 642 Sharon St, Gaylord, MI 49735

$365,000

1,927 sqft

Duplex on one parcel with two separate residences and a shared well, each with its own septic system.

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Turnkey Restaurant & Bar Property

6516 N Old 27, Frederic, MI 49733

$525,000

Turnkey restaurant and bar with fully equipped kitchen, liquor licenses, generator, and income-producing apartments upstairs.

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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.

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.

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Private Camping Lot with Electrical Hookups

4537 Pine Run Road, Farwell, MI 48622

$41,500

0.75 AC lot

Recreation lot in a private gated association with multiple 30 AMP electrical and septic hookups for camper-ready use.

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Log Lodge Resort With Guest Homes

1306 N Tippy Dam Road, Wellston, MI 49689

$900,000

22.24 AC lot

Three log structures, commercial kitchen equipment, and two additional homes support group stays and onsite lodging.

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Recreation Land with Boat Slip

831 S Main Street, Au Gres, MI 48703

Contact for pricing

0.01 AC lot

Seasonal recreational setup with a trailer addition, private patio, and access to shared community amenities.

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Mancelona, MI Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Mancelona, MI on our real estate platform. These investment opportunities span a total of 1,380 square feet of properties for sale, with an estimated market value of $328,500.

Sale prices for multifamily properties in Mancelona, MI average $328,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Mancelona, MI Multifamily Properties for Sale

11380 NE Starvation Lake Road, Mancelona, MI 49659