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    Addison, MI
    Residential Income

    Addison, MI Residential Income Properties for Sale

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    Manitou Beach, MI Hudson, MI Cement City, MI Lake, MI Brooklyn, MI Somerset Center, MI Jerome, MI Onsted, MI
    Duplex with Updated Systems
    Updated: May 1
    Duplex with Updated Systems

    106 N Talbot Street, Addison, MI 49220

    $160,000
    2,400 sqft 0.04 AC lot
    Two units, each with 2 bedrooms and 1 full bath
    Separately metered utilities designed for tenant‑paid expenses
    Each unit has its own furnace and water heater, approx 5 years old
    Fresh paint, new flooring, and updated electrical throughout
    Forced air heating plus window unit(s) and central air cooling
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    Addison Mill Pond Development Opportunity
    Updated: Mar 11
    Addison Mill Pond Development Opportunity

    427 N STEER St, Addison, MI 49220

    $600,000
    12,235 sqft 7.20 AC lot
    7.20 acre property with approximately 875' of frontage on Addison Mill Pond
    Includes a 12,235 sq ft former Addison Bariatric Hospital
    Additional 1,800 sq ft building currently leased for $2,000.00 per month
    Development potential for multi‑family, senior housing, self‑storage, and other uses
    Hospital has a 500 kilowatt transformer with 3 Phase power and 208 volts
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    Turnkey Duplex with Separate Utilities
    Turnkey Duplex with Separate Utilities

    106 N Talbot St, Addison, MI 49220

    $160,000

    Each unit offers 2 bedrooms, 1 full bath, separate furnaces, water heaters, and separately metered utilities.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    7.20 Acre Development Opportunity
    7.20 Acre Development Opportunity

    427 N Steer St, Addison, MI 49220

    Contact for pricing
    14,035 sqft 7.20 AC lot

    7.20 acre property with frontage on Addison Mill Pond.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 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.

    Triplex with Sandy Beach Frontage
    Triplex with Sandy Beach Frontage

    3440 Geneva Highway, Manitou Beach, MI 49253

    $749,000
    0.24 AC lot

    Triplex with three units and more than 90 feet of sandy beach frontage, featuring attractive hardscape and simple floor plans.

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    Two-Unit Duplex with Fenced Yard
    Two-Unit Duplex with Fenced Yard

    113 Julian Street, Brooklyn, MI 49230

    $169,900
    0.20 AC lot

    Well-maintained two-unit duplex with a vacant upper unit and a fenced back yard.

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    Restaurant with Dock and Apartments
    Restaurant with Dock and Apartments

    Manitou Beach, MI 49253

    $750,000

    Established restaurant includes three 2-bedroom, 1-bath apartments above and access to both Devils Lake and Round Lake.

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    Duplex with Workshop Garage Conversion
    Duplex with Workshop Garage Conversion

    190-192 Wamplers Lake Road, Brooklyn, MI 49230

    Contact for pricing

    Two-unit duplex offering 5 bedrooms and 4 bathrooms, with a front-unit workshop space and garage conversion.

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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.

    Cleared Corner Lot Near Water
    Cleared Corner Lot Near Water

    7841 DEVILS LAKE Highway, Manitou Beach, MI 49253

    $100,000
    1.00 AC lot

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

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    Lakefront Residential Building Lot
    Lakefront Residential Building Lot

    Cement City, MI 49233

    $119,900
    0.32 AC lot

    Cleared, surveyed lakefront lot on Somerset Lake with soil evaluation and potential for a walkout basement.

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    Waterfront Building Lot with Docking
    Waterfront Building Lot with Docking

    18000 blk #3 Forrister Road, Hudson, MI 49247

    $60,000
    2.70 AC lot

    Build on a 2.7-acre hilltop lot with shared waterfront and docking rights on Horseshoe Lake.

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    Rolling Waterfront Building Lot
    Rolling Waterfront Building Lot

    18000 blk #2 Forrister Road, Hudson, MI 49247

    $52,000
    1.89 AC lot

    Nearly 2-acre parcel with shared waterfront and docking rights on Horseshoe Lake, suitable for a walkout home.

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    Addison, MI Residential Income Properties Market Trends and Statistics

    Explore 4 residential income properties for sale in Addison, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 28,670 square feet of properties for sale, with an estimated market value of $920,000.

    Sale prices for residential income properties in Addison, MI start at $160,000, averaging $306,666, 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 4
    Duplexes 2

    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)

    Average Property Price per SF

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

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