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    Lake, MI Residential Income Properties for Sale

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    Farwell, MI Sears, MI Clare, MI
    Duplex with Detached Garage
    $379,000
    3,744 SF
    Duplex with Detached Garage

    10215 S Lake Station, Lake, MI 48632

    Two 2-bedroom, 1-bath units with full basements and central air on a ranch-style duplex.
    • Duplex with 2 bedrooms and 1 bathroom per unit
    • Full basement for each unit
    • Forced‑air heating and central air conditioning
    • Large 4‑car detached garage (24x48)
    • Deck and ranch architectural style
    Updated: Aug 16, 2025
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    Waterfront Cabins on Crooked Lake
    $649,000
    3,164 SF
    Waterfront Cabins on Crooked Lake

    1249 N CROOKED, Lake, MI 48632

    Four updated cabins on Crooked Lake with 109' frontage.
    • Unique waterfront property with 4 cabins on the same lot on all‑sports Crooked Lake
    • 109 ft of water frontage with a vinyl seawall on all‑sports Crooked Lake
    • Cabins recently updated, including roofs, bathrooms, and the seawall
    • Includes 2 docks and a sandy beach area
    • Water well and septic tank sewer system
    Updated: Mar 23, 2025
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    Two Duplexes Residential Income Property
    $598,000
    8,128 SF
    Two Duplexes Residential Income Property

    Four-unit residential income property with two bedrooms per unit, central heat/air, and attached garages.

    10195 S Lake Station, Lake, MI 48632

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    Two-Unit Duplex with Attached Garages
    $359,000
    4,496 SF
    Two-Unit Duplex with Attached Garages

    Well-maintained two-unit duplex offers central heat/air, attached garages, and shared well service near Lake Station Ave.

    10203 S Lake Station, Lake, MI 48632

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

    Two Detached Homes on One Parcel
    $199,900
    2,100 SF
    Two Detached Homes on One Parcel

    Two tenant-occupied detached residences with attached garages and private backyards, each featuring 2 beds and 1 bath.

    524 N Kinney, Mt Pleasant, MI 48858

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    Main Street Investment Opportunity
    $199,900
    689 SF
    Main Street Investment Opportunity

    Mixed-use property with commercial space and residential apartment.

    210 N Main Street, Evart, MI 49631

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    Mt Pleasant Duplex For Sale
    $114,900
    1,440 SF
    Mt Pleasant Duplex For Sale

    Two-story duplex in Mt. Pleasant with steady rental income.

    1504 Lyons Street, Mt Pleasant, MI 48858

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    Downtown Evart Mixed-Use Investment
    $995,000
    Downtown Evart Mixed-Use Investment

    Prime mixed-use property with income potential in downtown Evart.

    104 South Main Street, Evart, MI 49631

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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.

    Spacious Lots Near Crooked Lake
    $75,000
    1.70 Acres
    Spacious Lots Near Crooked Lake

    Five lots near Crooked Lake, ideal for building.

    Lots 26-30 Willow Street, Lake, MI 48632

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    Residential Lake-Access Land Lots
    $75,000
    1.70 Acres
    Residential Lake-Access Land Lots

    Five residential lots offering walkable access to public recreation at all-sports Crooked Lake.

    Willow lot: 26-30, Lake, MI 48632

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    Versatile Land Parcel Near Lakes
    $59,000
    1.67 Acres
    Versatile Land Parcel Near Lakes

    1.67 acre vacant land with commercial and residential potential.

    8568 W Ludington Drive, Lake, MI 48632

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    Land in Clare County
    Contact for pricing
    0.68 Acres
    Land in Clare County

    Vacant land offering potential for various possibilities in Michigan.

    TBD Stone Pine, Farwell, MI 48622

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    Lake, MI Residential Income Properties Market Trends and Statistics

    Explore 4 residential income properties for sale in Lake, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 19,532 square feet of properties for sale, with an estimated market value of $1,985,000.

    Sale prices for residential income properties in Lake, MI start at $359,000, averaging $496,250, and reaching up to $649,000 — 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 7
    Duplexes 4
    Mobile home & RV parks 2
    Quadplexes 1

    Demographics Overview

    Population 4,995
    Population Growth (5Y) -4.8%
    Median Household Income $51,740
    College Educated 18.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    48632 $450.5K

    Taxes & Financing

    Tax Rate (average for all types) 3.50%
    Tax Rate vs County Average 0.85 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clare County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

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    Most Searched ZIP Codes in Lake, MI

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