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    Bear Lake, MI
    Residential Income

    Bear Lake, MI Residential Income Properties for Sale

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    Arcadia, MI Onekama, MI Manistee, MI Kaleva, MI Frankfort, MI Benzonia, MI Brethren, MI Thompsonville, MI
    Triplex Property with Basement
    Updated: Jul 1
    Triplex Property with Basement

    7378 Chief Road, Bear Lake, MI 49614

    $389,900
    1.72 AC lot
    1.72‑acre parcel
    Eight bedrooms and four bathrooms
    Basement included
    1900 construction with block and wood siding
    Forced‑air and hot‑water heating
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    Multi-Unit Residential Property
    Updated: Jul 10
    Multi-Unit Residential Property

    Bear Lake, MI 49614

    $389,900
    1.72 AC lot
    2 to 4 unit multifamily property
    Nearly 75,000 square feet of land
    Structure built in 1900
    Located at 7378 Chief Rd, Bear Lake, MI 49614
    Bike Score: 25, Somewhat Bikeable
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, 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.

    Seven-Cabin Motel Property
    Seven-Cabin Motel Property

    Free Soil, MI 49411

    $565,000
    3,011 sqft 2.33 AC lot

    Private-bath cabins include a larger unit with a full kitchen and smaller units with microwaves and mini refrigerators.

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    Vintage Cabin Motel
    Vintage Cabin Motel

    Free Soil, MI 49411

    $565,000
    3,001 sqft 2.33 AC lot

    Seven individually equipped cabins with private bathrooms and a larger unit suitable for rental use or an owner residence.

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    Commercial Sale, Manistee, MI
    Commercial Sale, Manistee, MI

    140 W Parkdale Avenue, Manistee, MI 49660

    $350,000
    2,616 sqft 0.87 AC lot

    Commercial land · 2,616 SF

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    Mixed-Use Multifamily Building
    Mixed-Use Multifamily Building

    221 5th Street, Manistee, MI 49660

    $149,000
    0.11 AC lot

    Two upper-level rental units sit above commercial space with storage and off-street parking.

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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.

    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.

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    Lake-View Waterfront Land
    Lake-View Waterfront Land

    W Fairway Street lot: 17, Onekama, MI 49675

    $48,500
    0.33 AC lot

    Lake-view lot with Portage Lake and Bay views on Andys Point Peninsula, with electricity available.

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    Arcadia Vacant Land Ready
    Arcadia Vacant Land Ready

    Third Street lot: 30, Arcadia, MI 49613

    $99,000
    0.41 AC lot

    Open lot in quiet location near Lake Michigan and Arcadia.

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    Arcadia Vacant Lot Ready to Build
    Arcadia Vacant Lot Ready to Build

    Third Street lot: 29, Arcadia, MI 49613

    $99,000
    0.42 AC lot

    Beautiful, cleared lot in quiet Arcadia, near Lake Michigan.

    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.

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

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    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 $389.9K

    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)

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