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    Onekama, MI Residential Income Properties for Sale

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    Manistee, MI Bear Lake, MI Eastlake, MI
    Versatile Mixed-Use Property on M-22
    $349,000
    3,500 SF
    Versatile Mixed-Use Property on M-22

    4990 Main Street, Onekama, MI 49675

    Mixed-use property with commercial storefront and residential space on M-22.
    • Prime M‑22 location in Onekama, offering high visibility and traffic.
    • Versatile mixed‑use property with commercial storefront and 3‑bedroom home.
    • Ideal for live/work setup, rental income, or business investment.
    • Proximity to both Portage Lake and Lake Michigan ('Two Lake Town').
    • Walking distance to Portage Lake Park, restaurants, and cafes.
    Updated: Apr 19
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    Renovated Triplex on Portage Lake
    $1,099,000
    0.21 Acres
    Renovated Triplex on Portage Lake

    4642 Main Street, Onekama, MI 49675

    Income-generating, renovated triplex with private dock on Portage Lake.
    • Three separate, fully renovated units offer immediate income potential.
    • Portage Lake waterfront property with private dock provides direct access for boating.
    • Prime location near Onekama Marina, public parks, and a boat launch.
    • Renovated units feature new flooring, appliances, and updated finishes.
    • West‑facing windows provide breathtaking Portage Lake sunset views.
    Updated: Nov 12, 2025
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Onekama, 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.

    Versatile Commercial/Residential Property on US-31
    $1,325,000
    9,500 SF
    Versatile Commercial/Residential Property on US-31

    Multi-use commercial and residential property with high visibility.

    480 E Parkdale Avenue, Manistee, MI 49660

    View details
    Established Bar/Restaurant with Home
    $439,900
    3,800 SF
    Established Bar/Restaurant with Home

    Turn-key bar and restaurant with a home on 2.37 acres.

    9567 Chippewa Highway, Bear Lake, MI 49614

    View details
    Manistee Duplex Investment Opportunity
    $205,000
    0.09 Acres
    Manistee Duplex Investment Opportunity

    Turnkey duplex near downtown and Riverwalk, excellent income potential.

    75 Filer Street, Manistee, MI 49660

    View details
    Office Building Near Bear Lake
    $325,000
    Office Building Near Bear Lake

    Office building on a main highway with multi-use zoning.

    11660 Chippewa Highway, Bear Lake, MI 49614

    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 View Lot in Onekama
    $48,500
    0.33 Acres
    Lake View Lot in Onekama

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

    W Fairway Street lot: 17, Onekama, MI 49675

    View details
    9.99 Acres Heavily Wooded Land
    $89,000
    9.99 Acres
    9.99 Acres Heavily Wooded Land

    9.99 acre wooded parcel near Bear Lake, Michigan.

    Chief L Road, Bear Lake, MI 49614

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    Manistee Land For Sale
    $170,000
    4.37 Acres
    Manistee Land For Sale

    4.37 acre commercial land with high traffic and development potential.

    1130 E Parkdale Avenue, Manistee, MI 49660

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    Riverfront Land in Manistee, MI
    $89,000
    0.56 Acres
    Riverfront Land in Manistee, MI

    Residential land with river frontage, close to downtown Manistee.

    Sixth Ave, Manistee, MI 49660

    View details

    Onekama, MI Residential Income Properties Investment Opportunities Market Analysis

    Explore 2 residential income properties for sale in Onekama, MI on our real estate platform. These investment opportunities span a total of 3,500 square feet of properties for sale, with an estimated market value of $349,000.

    Sale prices for residential income properties in Onekama, MI start at $349,000, averaging $349,000, and reaching up to $349,000 — 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 2
    Short term rental properties 1
    Single family properties 1
    Triplexes 1

    Demographics Overview

    Population 894
    Population Growth (5Y) -13.1%
    Median Household Income $68,750
    College Educated 59.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49675 $724K

    Taxes & Financing

    Tax Rate (average for all types) 3.99%
    Tax Rate vs County Average 0.18 pp above 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

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