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    Shelby, MI Multifamily Properties for Sale

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    New Era, MI Hart, MI Mears, MI
    Historical Shelby House of Worship
    $239,000
    9,993 SF
    Historical Shelby House of Worship

    68 E 3rd St, Shelby, MI 49455

    Historical 22,000+ SF House of Worship in Shelby, Michigan.
    • Over 22,000 finished square feet on 2.5 floors.
    • 5 parcels included, 3 utilized as parking.
    • Suitable for religious home, office space, non profit, or apartments.
    • Includes 3 pianos and organ.
    • Historical building with stained glass.
    Updated: Feb 7, 2025
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Shelby, 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.

    Updated Duplex in Montague Heart
    $299,000
    0.20 Acres
    Updated Duplex in Montague Heart

    Well-maintained 2-unit property with flexible rental options and modern comfort.

    8638 Sheridan Street, Montague, MI 49437

    View details
    Whitehall Four-Unit Investment Property
    $302,500
    0.23 Acres
    Whitehall Four-Unit Investment Property

    Recently renovated four-unit property near White Lake and downtown Whitehall.

    218 N Baldwin Street, Whitehall, MI 49461

    View details
    Updated Two-Unit Duplex
    $299,000
    8,712 SF
    Updated Two-Unit Duplex

    Well-maintained duplex offers flexible rental or owner-occupied living with a detached one-car garage.

    8638 Sheridan Street, Montague, MI 49437

    View details
    Whitehall Four-Unit Investment Property
    $302,500
    0.23 Acres
    Whitehall Four-Unit Investment Property

    Recently renovated four-unit property near White Lake and downtown Whitehall.

    218 N Baldwin St, Whitehall, MI 49461

    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.

    Lakefront Land Parcel For Sale
    $284,900
    2.67 Acres
    Lakefront Land Parcel For Sale

    2.67-acre lakefront parcel with mobile home near Silver Lake ORV.

    2605 N 34th Avenue, Mears, MI 49436

    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
    Land For Sale
    $67,999
    Land For Sale

    Land available in Mason County.

    4993 E Wetland Trail, Custer, MI 49405

    View details
    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

    Shelby, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Shelby, MI on our real estate platform. These investment opportunities span a total of 9,993 square feet of properties for sale, with an estimated market value of $239,000.

    Sale prices for multifamily properties in Shelby, MI start at $239,000, averaging $239,000, and reaching up to $239,000 — 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

    Apartment buildings 1

    Demographics Overview

    Population 5,272
    Population Growth (5Y) +10.1%
    Median Household Income $65,640
    College Educated 29.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49455 $239K

    Taxes & Financing

    Tax Rate (average for all types) 3.67%
    Property Tax per SF $92.89 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oceana County

    New Delisted

    Total CRE Inventory on Market (SF)

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