Advertise
    Bear Lake, MI
    Residential Income

    Bear Lake, MI Residential Income Properties for Sale

    Notify Me
    List
    Map
    Arcadia, MI Onekama, MI Manistee, MI Kaleva, MI Frankfort, MI Benzonia, MI Brethren, MI Thompsonville, MI
    Multi-Unit Residential Building with Lot
    Updated: Jul 1
    Multi-Unit Residential Building with Lot

    7378 Chief Road, Bear Lake, MI 49614

    $389,900
    1.72 AC lot
    Multi‑unit property with 2 to 4 units on a nearly 75,000 sq ft lot in the Bear Lake area
    Year built 1900
    Roof types include rubber and composition roofing
    Heating includes hot water (heating) and forced air
    Utilities include electricity available; water source is private and sewer is a septic tank
    View details
    Established Bar/Restaurant with Home
    Updated: Jan 20
    Established Bar/Restaurant with Home

    9567 Chippewa Highway, Bear Lake, MI 49614

    $439,900
    3,800 sqft 2.37 AC lot
    Established bar/restaurant business operating since the 1950s with a strong reputation and loyal customer base.
    Includes valuable Class C liquor license with Dance, Sunday Sales (and early sun), and Outdoor privileges.
    Turn‑key operation with a seating capacity of 130 plus a large patio with fire pit and seating, ready for immediate operation.
    Features a 1991 3‑bedroom, 2‑bath manufactured home on the property, recently remodeled with a metal roof and deck.
    High visibility location on a major highway (US‑31) with significant traffic count, close to popular destinations.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Bear Lake, 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.

    Multi-Use Live-Work Property
    Multi-Use Live-Work Property

    480 E Parkdale Avenue, Manistee, MI 49660

    $1,325,000
    9,500 sqft 1.27 AC lot

    Commercial bays with office and loft above, plus a 2-bedroom residence and outbuildings on high-visibility US-31.

    View details
    Triplex with Shared Deck
    Triplex with Shared Deck

    143 S Benzie Boulevard, Beulah, MI 49617

    $649,900
    2,195 sqft 0.11 AC lot

    Three-unit triplex includes shared laundry with two washers and two dryers, plus a shared deck between two units.

    View details
    Short-Term Rental Triplex
    Short-Term Rental Triplex

    143 S Benzie Blvd, Beulah, MI 49617

    $649,900

    Three-unit triplex with two furnished short-term rentals and a shared laundry area with two washers and dryers.

    View details
    Waterfront Motel and Marina
    Waterfront Motel and Marina

    215 & 217 Arthur St, Manistee, MI 49660

    $985,000

    Waterfront motel and marina with about 130 feet of frontage and 8 boat slips, plus an on-site restaurant building.

    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.

    Residential Land with Three Buildable Parcels
    Residential Land with Three Buildable Parcels

    VL 9 Mile Road, Kaleva, MI 49645

    $184,900
    16.48 AC lot

    Three separate buildable parcels on residential land with wooded and open areas, plus direct access from each parcel.

    View details
    Kaleva Land with Buildable Parcels
    Kaleva Land with Buildable Parcels

    VL 17 9 Mile Road, Kaleva, MI 49645

    $184,900
    17.00 AC lot

    17 acres with buildable parcels, ideal for recreation.

    View details
    Lake View Lot in Onekama
    Lake View Lot in Onekama

    W Fairway Street lot: 17, Onekama, MI 49675

    $48,500
    0.33 AC lot

    Desirable 0.33-acre lot with lake views and nearby amenities.

    View details
    Land Parcel Near Tippy Dam
    Land Parcel Near Tippy Dam

    Flarity Road, Brethren, MI 49619

    $150,000
    19.47 AC lot

    19.47 acre parcel near Tippy Dam and Crystal Mountain.

    View details

    Bear Lake, MI Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Bear Lake, MI on our real estate platform. These investment opportunities span a total of 3,800 square feet of properties for sale, with an estimated market value of $829,800.

    Sale prices for residential income properties in Bear Lake, MI start at $389,900, averaging $414,900, and reaching up to $439,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    Duplexes 1
    Single family properties 1
    Triplexes 1

    Demographics Overview

    Population 2,903
    Population Growth (5Y) +2.8%
    Median Household Income $71,389
    College Educated 39.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49614 $363.3K

    Taxes & Financing

    Tax Rate (average for all types) 3.53%
    Tax Rate vs County Average 0.28 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Manistee County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

    Office

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Bear Lake, MI

    Most Searched ZIP Codes in Bear Lake, MI

    • 49614

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!