Residential Income

Rapid City, MI Residential Income Properties for Sale

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Alden, MI Williamsburg, MI Kalkaska, MI Kewadin, MI Elk Rapids, MI Mancelona, MI Bellaire, MI Cadillac, MI
Live-Work Commercial Property and Home
Updated: Jun 5
Live-Work Commercial Property and Home

6704 Rapid City Road NW, Rapid City, MI 49676

$274,900
1,536 sqft 5.06 AC lot
Over 5 acres of open and partially wooded land with a former 1,536‑SF kennel building
Kennel building includes a professional office, reception/waiting area, full bathroom, and laundry facilities
On‑site 900+ SF residence with 2 bedrooms and 1 bathroom
Commercial zoning permits residential use of the home for live/work setups
Each building has its own raised mound septic system and the property shares a water well (private water)
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Rapid City, 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.

Downtown Mixed-Use Building
Downtown Mixed-Use Building

201 River Street, Elk Rapids, MI 49629

$1,200,000
8,355 sqft

Multi-tenant mixed-use building with retail and office suites on the lower level plus two renovated residential units upstairs.

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Mixed-Use Downtown Building
Mixed-Use Downtown Building

1-144 River St, Elk Rapids, MI 49629

$499,000
2,953 sqft

Ground-floor commercial space with a garden studio apartment and lower-level storage, supported by B2 zoning.

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Versatile Property with Development Potential
Versatile Property with Development Potential

Williamsburg, MI 49690

$674,900
4.69 AC lot

Income-generating duplex with light industrial zoning and development opportunities.

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Light Industrial Land with Duplex
Light Industrial Land with Duplex

Williamsburg, MI 49690

$600,000

Grandfathered duplex with in-unit washer/dryer on light industrial/warehouse-zoned land with extensive frontage on M-72.

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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.

Acreage Parcel in Alden Meadows
Acreage Parcel in Alden Meadows

Alden Meadows lot: 38, Alden, MI 49612

$85,900
2.22 AC lot

Vacant land near Torch Lake access and Spencer Creek.

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Residential Land in Alden Meadows
Residential Land in Alden Meadows

Alden Meadows lot: 34, Alden, MI 49612

$85,900
2.12 AC lot

Acreage parcel near Torch Lake access in Alden, Michigan.

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Residential Land in Alden Meadows
Residential Land in Alden Meadows

Alden Meadows lot: 33, Alden, MI 49612

$85,900
3.30 AC lot

Vacant lot in Alden, MI near Torch Lake.

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Residential Land in Alden Meadows
Residential Land in Alden Meadows

Alden Meadows lot: 27, Alden, MI 49612

$85,900
2.09 AC lot

Vacant land in Alden, MI, near Torch Lake.

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Rapid City, MI Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Rapid City, MI on our real estate platform. These investment opportunities span a total of 1,536 square feet of properties for sale, with an estimated market value of $274,900.

Sale prices for residential income properties in Rapid City, MI average $274,900 — 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

Single family properties 1

Demographics Overview

Population 3,689
Population Growth (5Y) +4.1%
Median Household Income $67,479
College Educated 43.1%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
49676 $274.9K

Taxes & Financing

Tax Rate (average for all types) 2.96%
Property Tax per SF $16.63 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Kalkaska County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

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

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