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    Beaver Island, MI Residential Income Properties for Sale

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    Naubinway, MI Gould City, MI
    Beaver Island Bar and Restaurant
    $2,400,000
    7,748 SF

    Beaver Island Bar and Restaurant

    26251 Main Street, Beaver Island, MI 49782

    Established bar and restaurant with apartment on Beaver Island.

    • Two established and profitable bar/restaurant businesses included: The Shamrock and The Beachcomber.
    • The Shamrock is one of the only year‑round restaurants on Beaver Island.
    • Includes a 4‑bedroom apartment, configurable as two separate 2‑bedroom units.
    • The Shamrock has been a Beaver Island staple for nearly 100 years.
    • The Beachcomber has potential for a full or limited kitchen, offering expansion possibilities.
    Updated: May 28, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Beaver Island, 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.

    Gaylord Duplexes: Income Opportunity
    $725,000
    3,440 SF

    Gaylord Duplexes: Income Opportunity

    Two duplexes built in 2023, great for rental income.

    126 & 128 E Mill Street, Gaylord, MI 49735
    View details
    Versatile Commercial Property with Storage
    $429,000
    5,320 SF

    Versatile Commercial Property with Storage

    Commercial property featuring storage units and a charming cottage.

    300 W Philip Street, Lake Leelanau, MI 49653
    View details
    Downtown Gaylord Mixed-Use Building
    $325,000
    4,822 SF

    Downtown Gaylord Mixed-Use Building

    Commercial building with mixed-use potential and ample parking.

    144 W Main Street, Gaylord, MI 49735
    View details
    Lake Leelanau Income Property
    $429,000
    900 SF

    Lake Leelanau Income Property

    Versatile commercial property with storage units and rental cottage.

    300 W Philip St, Lake Leelanau, MI 49653
    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.

    Lake Michigan Vacant Land
    $125,000
    0.40 Acres

    Lake Michigan Vacant Land

    Two lakefront lots with private beach on Lake Michigan.

    TBD Beaver Island Road, Beaver Island, MI 49782
    View details
    Waterfront Land in Gould City
    $39,900
    0.77 Acres

    Waterfront Land in Gould City

    0.77 acre waterfront property on Milakokia Lake for sale.

    Tbd Champs Elysees RD, Gould City, MI 49838
    View details
    Private Wooded Lots in Harbor Springs
    $50,000
    0.87 Acres

    Private Wooded Lots in Harbor Springs

    Wooded lots near Boyne Highlands, Nubs Nob, and Lake Michigan.

    TBD Pleasantview Woods, Harbor Springs, MI 49740
    View details
    Ski-In/Ski-Out Access Land
    $148,000
    1.00 Acre

    Ski-In/Ski-Out Access Land

    Premier lot with ski-in/ski-out access to Nub's Nob.

    328 Pleasant Ridge Drive, Harbor Springs, MI 49740
    View details

    Beaver Island, MI Residential Income Properties Investment Opportunities Market Analysis

    Explore 1 residential income properties for sale in Beaver Island, MI on our real estate platform. These investment opportunities span a total of 7,748 square feet of properties for sale, with an estimated market value of $2,400,000.

    Sale prices for residential income properties in Beaver Island, MI start at $2,400,000, averaging $2,400,000, and reaching up to $2,400,000 — 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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    Operating Costs & Financing

    Beaver Island property taxes are above the county average by 0.34 percentage points. Average Loan-to-Value is 65.0%.

    Effective Property Tax $3.73 per sq ft
    Tax Rate (average for all types) 3.66%
    Tax Rate vs County Average 0.34 pp above county avg
    Avg Loan-to-Value 65.0%

    New Listings Trend, 12 Mo

    Number of new listings by month over the past year in Beaver Island.

    Leading Commercial Asset Segments

    Apartment buildings 1
    Multifamily properties 1

    Beaver Island Demographics Overview

    Population 752
    Population Growth (5Y) +33.8%
    Median Household Income $70,000
    College Educated 75.0%

    Top Neighborhoods for Investment

    Discover the areas of Beaver Island with the highest concentration of for-sale assets and compare their average market prices.

    Neighborhood Price Range Average Price
    49782 $2.4M - 2.4M $2.4M

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