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    Saint Louis, MI
    Residential Income

    Saint Louis, MI Residential Income Properties for Sale

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    Alma, MI Breckenridge, MI Ithaca, MI
    6 properties
    Downtown Retail Building with Two Fronts
    Updated: Feb 24
    Downtown Retail Building with Two Fronts

    Saint Louis, MI 48880

    $144,900
    6,400 sqft · 0.16 AC lot
    Approx. 6,400 SF building with two storefronts in downtown St. Louis, MI, with retail space that can operate as one or two spaces
    Recent north‑side renovations include newer flooring, newer front windows, and exposed tin ceilings
    Newer membrane roof with a lifetime warranty
    Includes approx. 3,200 SF upstairs unfinished space zoned for residential, with room for up to 4 apartments
    Parking lot and single‑car garage on site
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    Remodeled Historic Duplex with Apartment
    Updated: Apr 1
    Remodeled Historic Duplex with Apartment

    Saint Louis, MI 48880

    $249,000
    1,504 sqft · 0.21 AC lot
    Fully remodeled in 2008 with interior drywall and updated finishes
    1,500 SF historic St. Louis home with 2‑car garage
    Covered back deck plus deck/porch features
    Fully fenced yard and sidewalk access
    750 SF attached apartment provides additional income
    View details
    Remodeled Up-Down Duplex
    Remodeled Up-Down Duplex

    Saint Louis, MI 48880

    $129,000
    2,200 sqft · 0.18 AC lot

    Fully remodeled duplex with two vacant units, offering flexible rental income opportunity in a multi-family zoned setting.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Auto Dealership with Pole Barn
    Auto Dealership with Pole Barn

    Saint Louis, MI 48880

    $279,900
    7,775 sqft · 2.88 AC lot

    Well-maintained automotive dealership plus adjacent pole barn and a small home on a 2.88-acre lot.

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    Remodeled Duplex in Downtown St. Louis
    Remodeled Duplex in Downtown St. Louis

    Saint Louis, MI 48880

    $129,000
    2,200 sqft · 0.18 AC lot

    Fully remodeled duplex with steady cash flow in downtown St. Louis.

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    Historic St. Louis Home
    Historic St. Louis Home

    Saint Louis, MI 48880

    $249,000
    1,500 sqft

    Remodeled home with attached apartment near downtown St. Louis.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Saint Louis, 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.

    Historic Multi-Family with Four Units
    Historic Multi-Family with Four Units

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,000 sqft · 0.68 AC lot

    Historic 4-unit configuration with basement, side yard, and parking for flexible rental or owner-occupied income use.

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    Historic Mixed-Use Income Opportunity
    Historic Mixed-Use Income Opportunity

    323 W Wright Ave, Shepherd, MI 48883

    $489,000
    5,000 sqft

    Rare mixed-use property with retail and short-term rental income.

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    Mixed-Use Multi-Family with Retail
    Mixed-Use Multi-Family with Retail

    5705 N State Road, Alma, MI 48801

    $375,000
    2,579 sqft · 3.45 AC lot

    Four fully rented apartments plus a leased commercial building provide combined residential and income-producing space.

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    Mixed-Use Income Property
    Mixed-Use Income Property

    5705 N State Road, Alma, MI 48801

    $375,000
    23,443 sqft · 3.45 AC lot

    Mixed residential and commercial rental income on 3.45 acres, with multiple outbuildings and a producing well.

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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.

    Vacant Corner Lot Near US-127
    Vacant Corner Lot Near US-127

    1532 E Superior Street, Alma, MI 48801

    Contact for pricing
    0.19 AC lot

    Vacant residential lot with high-traffic exposure near US-127.

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    Residential Corner Lot in Alma
    Residential Corner Lot in Alma

    427 E Downie Street, Alma, MI 48801

    Contact for pricing
    0.10 AC lot

    Corner lot suitable for residential development with city variance approval.

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    Commercial Land For Sale, Alma
    Commercial Land For Sale, Alma

    Smith Road, Alma, MI 48801

    $49,900
    1.00 AC lot

    One acre of commercial land available in Alma, Michigan.

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    Waterfront Building Lot with River Views
    Waterfront Building Lot with River Views

    Riverview lot: 43, Alma, MI 48801

    Contact for pricing
    0.39 AC lot

    Cleared waterfront lot with mature trees and wooded back, near Alma College and the Heartland Trail.

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    Saint Louis, MI Residential Income Properties Market Trends and Statistics

    Explore 6 residential income properties for sale in Saint Louis, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 21,579 square feet of properties for sale, with an estimated market value of $1,180,800.

    Sale prices for residential income properties in Saint Louis, MI start at $129,000, averaging $196,800, and reaching up to $279,900 — 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

    Multifamily properties 7
    Duplexes 5
    Quadplexes 2
    Single family properties 1

    Demographics Overview

    Population 9,952
    Population Growth (5Y) +0.9%
    Median Household Income $56,108
    College Educated 14.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    48880 $210.4K

    Taxes & Financing

    Tax Rate (average for all types) 3.41%
    Tax Rate vs County Average 0.56 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gratiot County

    New Delisted

    Total CRE Inventory on Market (SF)

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