Homer, MI Residential income properties for sale

$299,000

2,923 SF

Turnkey Restaurant & Bar Opportunity

130 Washington Avenue, Iron River, MI 49935

Ready-to-operate restaurant and bar with living quarters in Iron River.

Turnkey restaurant and bar with a Michigan liquor license and fully remodeled commercial kitchen, ready for immediate operation.
Includes a separate 4‑bedroom residence, offering live/work flexibility, rental income potential, or Airbnb opportunity.
Extensive recent upgrades, including new plumbing, updated electrical, new forced‑air heating, newer roof (2018), and new concrete flooring.
Complete lineup of commercial equipment included (stove, fryers, coolers, POS system, etc.), minimizing startup costs.
Prime location in the heart of Iron County, near popular snowmobile and outdoor recreation trails, ensuring built‑in customer traffic.

Updated: Jan 12

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$299,900

2,000 SF

Ski Brule Duplex Investment Opportunity

111 Little Deer Road, Iron River, MI 49935

Dual-unit chalet near Ski Brule, ideal for rental income.

Dual‑unit chalet/duplex with a flexible 2,000 SF layout, with Unit 1 and Unit 2 separated by living areas
Unit 1 has a main floor bedroom, open kitchen and living area, and an upstairs level with 3 additional bedrooms and a full bath
Unit 2 offers its own gas fireplace and includes 2 bedrooms
Both units have private deck access, plus a shared outdoor hot tub
Unit 1 features a private sauna, and the home has fireplace service in at least one unit (fireplace present)

Updated: Apr 1

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$284,900

2,053 SF

Duplex Near Ski Brule

Versatile duplex near Ski Brule, ideal for rental or getaway.

104 Sleepy Hollow Way, Iron River, MI 49935

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$314,500

0.24 Acres

Homer Duplex: Investment Opportunity

Newer duplex in Homer, MI, ideal for investors or owner-occupiers.

203 E Main Street, Homer, MI 49245

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$299,900

0.20 Acres

Renovated Duplex Investment Opportunity

Fully renovated duplex in Homer, MI, offering immediate income.

201 E Main Street, Homer, MI 49245

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$259,900

3.10 Acres

Riverfront Land with Single-Story Home

Riverfront acreage with Kalamazoo River frontage, a small dock, and a single-story 1-bed home plus storage outbuildings.

5545 25 1/2 Mile Road, Homer, MI 49245

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$45,000

2,875 SF

Spacious Duplex Ready for Renovation

2,875 sq ft duplex on 0.34 acres, ready for renovation.

37 Allen Street, Iron River, MI 49935

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$425,000

6,237 SF

COMMERCIAL - Iron River, MI

4,158 sq ft commercial/residential property with income potential.

417 Washington Ave, Iron River, MI 49935

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$314,500

0.24 Acres

Homer Village Duplex Investment

Income-producing duplex in Homer, MI with strong rental appeal.

203 E Main St, Homer, MI 49245

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$299,900

0.20 Acres

Renovated Duplex Investment Opportunity

Fully renovated duplex, immediate income, flexible rental adjustments, exceptional property.

201 E Main St, Homer, MI 49245

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Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 10 Active listings in Homer, 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.

$339,000

0.40 Acres

Shared Well and Septic Duplex

Two-residence duplex offering shared well and septic under one tax ID, with recent roof replacement and updated laundry systems.

6105 N Grace Avenue, Ludington, MI 49431

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$205,000

0.09 Acres

Updated Duplex in Manistee, MI

Well-maintained duplex with modern updates, ideal for investment or owner-occupancy.

264 6th Avenue, Manistee, MI 49660

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$205,000

Updated Duplex: Investment or Owner-Occupied

Well-maintained duplex with modern updates, ideal for investment or owner-occupancy.

264 6th Ave, Manistee, MI 49660

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$438,000

0.19 Acres

Ludington Multifamily Near Marina

Two-unit property near the beach and downtown Ludington.

706 W Loomis Street, Ludington, MI 49431

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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.

Ludington Land with Development Potential

$920,000

1.45 Acres

Ludington Land with Development Potential

Platted city lots near Lake Michigan with residential/commercial possibilities.

1010 N Rath, Ludington, MI 49431

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Ludington Land: Residential & Commercial

$920,000

1.45 Acres

Ludington Land: Residential & Commercial

Platted city lots near Lake Michigan with residential/commercial potential.

1010 N Rath, Ludington, MI 49431

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$450,000

0.22 Acres

Downtown Ludington Corner Lot

Development opportunity in the heart of downtown Ludington, Michigan.

302 S James Street, Ludington, MI 49431

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Ludington Waterfront Development Opportunity

$245,000

0.19 Acres

Ludington Waterfront Development Opportunity

Prime Ludington building site with flexible mixed-use zoning.

W Danaher St, Ludington, MI 49431

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Homer, MI Residential Income Properties Market Trends and Statistics

Explore 10 residential income properties for sale in Homer, MI, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 16,088 square feet of properties for sale, with an estimated market value of $1,353,800.

Sale prices for residential income properties in Homer, MI start at $45,000, averaging $270,760, and reaching up to $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49245	$307.2K

Neighborhood

Average Price

49245

$307.2K