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    Rapid City, MI
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    Rapid City, MI Waterfront Land for Sale

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    Alden, MI Williamsburg, MI Bellaire, MI Kalkaska, MI Mancelona, MI Elk Rapids, MI Kewadin, MI Cadillac, MI
    10 properties
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    Lake-Adjacent Residential Estate Land
    Updated: Mar 29
    Lake-Adjacent Residential Estate Land

    B-3 Stallman Road, Rapid City, MI 49676

    $139,900
    7.51 AC lot
    7.5‑acre estate parcel in the Rapid City area
    Located between Torch Lake and Elk Lake
    Well is needed for water service
    Septic is needed for sewer service
    Additional 7.5 acres also available; 15 acres available for $299,000
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    Residential Waterfront Estate Land
    Updated: Mar 29
    Residential Waterfront Estate Land

    B-4 Stallman Road, Rapid City, MI 49676

    $159,900
    7.51 AC lot
    7.5‑acre estate parcel in the Rapid City area
    Located between Torch Lake and Elk Lake
    Just minutes from Elk Rapids
    Well needed for water source
    Septic needed for sewer
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    Wooded Rapid Riverfront Land
    Wooded Rapid Riverfront Land

    Rapid City, MI 49676

    $347,500

    Wooded waterfront acreage along a trout stream near Torch Lake, Alden, and Northern Michigan recreation destinations.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Waterfront Estate Land Parcel
    Waterfront Estate Land Parcel

    B-3 Stallman Road, Rapid City, MI 49676

    $139,900
    7.50 AC lot

    7.5-acre waterfront estate parcel positioned between Torch Lake and Elk Lake.

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    RAPID CITY, MI
    RAPID CITY, MI

    W PLUM VALLEY ROAD NW, Rapid City, MI 49676

    $347,500

    Waterfront Land

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    RAPID CITY, MI
    RAPID CITY, MI

    4681 PANORAMA DRIVE NW, Rapid City, MI 49676

    $119,000

    Residential land & home lots

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    LAND - RAPID CITY, MI
    LAND - RAPID CITY, MI

    OFF DUNDAS ROAD, Rapid City, MI 49676

    Contact for pricing

    Waterfront Land

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    Waterfront Homesite with Lake Views
    Waterfront Homesite with Lake Views

    Rapid City, MI 49676

    $119,000

    Build in a gated community setting with water views, shared nature trails, and ponds for an outdoor-focused lifestyle.

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    Waterfront Home Build Site
    Waterfront Home Build Site

    Rapid City, MI 49676

    $45,000

    Residential waterfront lot with Orchard Hills access and shared Torch Lake frontage amenities.

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    Waterfront Access Home Lot
    Waterfront Access Home Lot

    Lot 170 Jonathon Drive, Rapid City, MI 49676

    $47,500

    Residential lot in the Orchard Hills community with Torch Lake access and 185' shared frontage amenities.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 10 Active listings in Rapid City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Land with Torch Lake Frontage
    Waterfront Land with Torch Lake Frontage

    SE Torch Lake Drive lot: 2, Alden, MI 49612

    $2,600,000
    0.80 AC lot

    Vacant residential waterfront parcel with 102 feet of Torch Lake frontage, offering direct lake building opportunities.

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    Waterfront Residential Land Lot
    Waterfront Residential Land Lot

    308 S Bayshore Dr, Elk Rapids, MI 49629

    $950,000

    Waterfront lot in Elk Rapids with city water and sewer available and wooded grounds near Memorial Park.

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    LAND - ELK RAPIDS, MI
    LAND - ELK RAPIDS, MI

    H-3 PARTRIDGE TRAIL, Elk Rapids, MI 49629

    $99,900

    Waterfront Land

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    Waterfront-View Residential Land
    Waterfront-View Residential Land

    Parcel B Cemetery Road lot: B, Alden, MI 49612

    $179,000
    2.50 AC lot

    2.5-acre parcel with Torch Lake views and an existing wooden barn, near downtown Alden.

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    Rapid City, MI Waterfront Land Market Trends and Statistics

    Explore 10 waterfront land for sale in Rapid City, MI, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 980,971 square feet of properties for sale, with an estimated market value of $1,465,200.

    Sale prices for water rights properties in Rapid City, MI start at $45,000, averaging $162,800, and reaching up to $347,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 24
    Recreation land 9
    Waterfront Land 7
    Hunting land 5
    Agricultural land / Farmland 1

    Demographics Overview

    Population 3,689
    Population Growth (5Y) +4.1%
    Median Household Income $67,479
    College Educated 43.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49676 $177.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.96%
    Property Tax per SF $16.63 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kalkaska County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

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