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    Palmer, MI Residential Income Properties for Sale

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    Richmond, MI Memphis, MI Columbus, MI
    Palmer Multi-Use Commercial Opportunity
    $345,000
    5,200 SF
    Palmer Multi-Use Commercial Opportunity

    101 Kirkpatrick Avenue, Palmer, MI 49871

    Expansive property with business potential near Marquette, Michigan.
    • Licensed adult foster care home with transferable licenses and current inspections, offering immediate business opportunity.
    • Flexible commercial zoning and design suitable for various uses: adult foster care, multi‑living, VRBO, or bed & breakfast.
    • Includes appliances and furnishings for a smooth transition and minimal start‑up time.
    • Expansive property with six bedrooms and two baths on the main level, plus a private two‑bedroom suite on the upper level.
    • Heated 24x48 attached garage with 220 service, ideal for storage, workshop, or conversion.
    Updated: Aug 25, 2025
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    Palmer Commercial Property with Business Potential
    $345,000
    5,200 SF
    Palmer Commercial Property with Business Potential

    101 Kirkpatrick Avenue, Palmer, MI 49871

    Expansive property suitable for care, rental, or redevelopment.
    • Licensed adult foster care home with transferable licenses and current inspections, offering immediate business opportunity.
    • Flexible commercial zoning and design suitable for various uses.
    • Prime location on M‑35 with excellent visibility, paved access, and ample parking.
    • Spacious layout includes six bedrooms and two baths on the main level, a two‑bedroom/one‑bath private upper‑level suite, and a finished lower level.
    • Includes a 24x48 heated attached garage with 220 service.
    Updated: Aug 25, 2025
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Palmer, 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.

    Negaunee Duplex: Investment or Owner-Occupied
    $239,900
    2,078 SF
    Negaunee Duplex: Investment or Owner-Occupied

    Spacious duplex near downtown Negaunee with recent updates.

    315 Tobin Street, Negaunee, MI 49866

    View details
    Downtown Ishpeming Mixed-Use Investment
    $499,900
    9,486 SF
    Downtown Ishpeming Mixed-Use Investment

    Commercial/residential building with storefronts and apartments in downtown Ishpeming.

    200 E Division St, Ishpeming, MI 49849

    View details
    Turnkey Restaurant & Rental Income
    $750,000
    5,356 SF
    Turnkey Restaurant & Rental Income

    Established restaurant and bar with five rental units in Negaunee.

    305 Iron Street, Negaunee, MI 49866

    View details
    Established Restaurant with Income Potential
    $399,900
    6,160 SF
    Established Restaurant with Income Potential

    Restaurant with apartments and retail space for sale.

    220 S Main, Ishpeming, MI 49849

    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.

    Recreational Land Near Gold Mine Lake
    $394,500
    129.00 Acres
    Recreational Land Near Gold Mine Lake

    130-acre recreational and residential investment opportunity near Marquette.

    Gold Mine Lake Road, Ishpeming, MI 49849

    View details
    Negaunee Land with Teal Lake Views
    $53,000
    1.45 Acres
    Negaunee Land with Teal Lake Views

    1.45 acre lot with incredible Teal Lake views.

    260 Water Street, Negaunee, MI 49866

    View details
    114 Acres on U.S. Highway
    $319,200
    114.09 Acres
    114 Acres on U.S. Highway

    114 acres with 1,350 feet of frontage on U.S. Highway.

    000000 U.S. Highway 41, Negaunee, MI 49866

    View details
    200 Acres Near Marquette
    $665,000
    200.00 Acres
    200 Acres Near Marquette

    200 acres near Marquette with year-round access.

    County Road 492 Highway, Negaunee, MI 49866

    View details

    Palmer, MI Residential Income Properties Investment Opportunities Market Analysis

    Explore 2 residential income properties for sale in Palmer, MI on our real estate platform. These investment opportunities span a total of 10,400 square feet of properties for sale, with an estimated market value of $690,000.

    Sale prices for residential income properties in Palmer, MI start at $345,000, averaging $345,000, and reaching up to $345,000 — 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

    Multifamily properties 1
    Short term rental properties 1

    Demographics Overview

    Population 448
    Median Household Income $60,625
    College Educated 11.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49871 $345K

    Listings Trend

    Total CRE Area on Market Trend

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