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    Addison, MI Residential Income Properties for Sale

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    Manitou Beach, MI Hudson, MI Cement City, MI
    Turnkey Duplex with Separate Utilities
    $165,000
    2,400 SF
    Turnkey Duplex with Separate Utilities

    106 N Talbot Street, Addison, MI 49220

    Updated duplex offers two 2-bedroom units, each with its own furnace, water heater, and separately metered utilities.
    • Turnkey duplex with 2 bedrooms and 1 full bath in each unit
    • Each unit has its own furnace and water heater (both approximately 5 years old)
    • Separately metered utilities, with public water service
    • Extensive updates include fresh paint throughout and new flooring
    • Updated electrical noted in the extensive updates
    Updated: May 1
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    Addison Mill Pond Development Opportunity
    $600,000
    12,235 SF
    Addison Mill Pond Development Opportunity

    427 N STEER, Addison, MI 49220

    7.20 acre property with hospital and development potential.
    • Large 7.20 acre property with 875' frontage on Addison Mill Pond.
    • Includes a 12,235 sq ft former Addison Bariatric Hospital and an additional 1,800 sq ft building.
    • Development potential for multi‑family, senior housing, self‑storage, and other uses.
    • Equipped with a 500 kilowatt transformer, 3 Phase power, and 208 volts.
    • Updated with 4 new furnaces in 2023 and new gas piping.
    Updated: Mar 17, 2024
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Addison, 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.

    Beachfront Triplex with Sandy Shore
    $749,000
    0.24 Acres
    Beachfront Triplex with Sandy Shore

    Triplex opportunity with over 90 feet of sandy beach frontage and hardscape improvements for flexible personal or rental use.

    3440 Geneva Highway, Manitou Beach, MI 49253

    View details
    Turn-Key Boutique Inn & Apartment
    $325,000
    Turn-Key Boutique Inn & Apartment

    Fully operational boutique inn with themed guest suites plus a separately leased apartment through September 2026.

    Manitou Beach, MI 49253

    View details
    Mixed-Use Buildings Package Sale
    $69,900
    Mixed-Use Buildings Package Sale

    Mixed-use buildings with income and renovation upside in downtown Hudson.

    112 S Church St, Hudson, MI 49247

    View details
    Mixed-Use Investment Opportunity in Hudson
    Contact for pricing
    4,824 SF
    Mixed-Use Investment Opportunity in Hudson

    Mixed-use property with income and renovation upside in downtown Hudson.

    112 S Church St, Hudson, MI 49247

    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.

    Cleared Corner Lot Near Water
    $100,000
    1.00 Acre
    Cleared Corner Lot Near Water

    One-acre vacant land ready for construction near Devils Lake.

    7841 DEVILS LAKE Highway, Manitou Beach, MI 49253

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    Cleared Lakefront Buildable Lot
    $284,900
    0.14 Acres
    Cleared Lakefront Buildable Lot

    Vacant cleared lakefront land provides an undeveloped site ready for a custom build in Manitou Beach.

    1930 Geneva Highway, Manitou Beach, MI 49253

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    Residential Land with Water Privileges
    $110,000
    0.12 Acres
    Residential Land with Water Privileges

    Vacant land with water privileges to Devils and Round Lake.

    Elm Park Drive lot: 4 & 5, Manitou Beach, MI 49253

    View details
    Lakefront Residential Development Lot
    $134,900
    0.32 Acres
    Lakefront Residential Development Lot

    Cleared, surveyed lakefront land in Somerset Township with evaluated soils and potential walkout basement options.

    Cement City, MI 49233

    View details

    Addison, MI Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Addison, MI on our real estate platform. These investment opportunities span a total of 14,635 square feet of properties for sale, with an estimated market value of $765,000.

    Sale prices for residential income properties in Addison, MI start at $165,000, averaging $382,500, and reaching up to $600,000 — 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

    Multifamily properties 3
    Duplexes 1

    Demographics Overview

    Population 2,468
    Population Growth (5Y) +2.3%
    Median Household Income $70,726
    College Educated 29.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49220 $385K

    Taxes & Financing

    Tax Rate (average for all types) 3.35%
    Property Tax per SF $77.51 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lenawee County

    New Delisted

    Total CRE Inventory on Market (SF)

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