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    Shelby, MI Residential Income Properties for Sale

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    New Era, MI Hart, MI Mears, MI
    Mixed-Use Restaurant and Apartment
    $180,000
    4,514 SF
    Mixed-Use Restaurant and Apartment

    216 N Michigan Avenue, Shelby, MI 49455

    Turnkey breakfast restaurant and bakery with an upstairs two-bedroom, one-bath apartment for added flexibility.
    • Mixed‑use commercial building in downtown Shelby, currently operating as a breakfast restaurant and bakery
    • Main level includes a dining area and commercial kitchen space
    • Upper level has a 2‑bedroom, 1‑bath apartment with separate living quarters and access to the business below
    • Forced‑air heating and central air conditioning
    • Interior includes broadband; cable available
    Updated: Jun 19
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    Historical Shelby House of Worship
    $239,000
    9,993 SF
    Historical Shelby House of Worship

    68 E 3rd St, Shelby, MI 49455

    Historical 22,000+ SF House of Worship in Shelby, Michigan.
    • Over 22,000 finished square feet on 2.5 floors.
    • 5 parcels included, 3 utilized as parking.
    • Suitable for religious home, office space, non profit, or apartments.
    • Includes 3 pianos and organ.
    • Historical building with stained glass.
    Updated: Feb 7, 2025
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Shelby, 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.

    Turnkey Fitness and Apartment Building
    $675,000
    11,889 SF
    Turnkey Fitness and Apartment Building

    Turnkey main-level fitness center with second-floor apartments on 80 feet of downtown frontage in Hart, Michigan.

    39 S State Street, Hart, MI 49420

    View details
    Updated Duplex in Montague Heart
    $299,000
    0.20 Acres
    Updated Duplex in Montague Heart

    Well-maintained 2-unit property with flexible rental options and modern comfort.

    8638 Sheridan Street, Montague, MI 49437

    View details
    Mixed-Use Retail and Apartments
    $369,000
    5,622 SF
    Mixed-Use Retail and Apartments

    Mixed-use property combining residential apartments and retail spaces in downtown Hart for flexible tenancy.

    53 & 55 S State Street, Hart, MI 49420

    View details
    Updated Two-Unit Duplex
    $299,000
    8,712 SF
    Updated Two-Unit Duplex

    Well-maintained duplex offers flexible rental or owner-occupied living with a detached one-car garage.

    8638 Sheridan Street, Montague, MI 49437

    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.

    Expansive Land Parcel in Shelby
    $80,000
    5.05 Acres
    Expansive Land Parcel in Shelby

    5.05-acre parcel in Shelby, perfect for a private retreat.

    V/L Elliott, Shelby, MI 49455

    View details
    Developed Lot in New Era
    Contact for pricing
    1.87 Acres
    Developed Lot in New Era

    Developed bare lot with utilities in convenient location, New Era.

    14 Trim Lake View Estates, New Era, MI 49446

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    Residential Land in Hart, MI
    Contact for pricing
    0.54 Acres
    Residential Land in Hart, MI

    Residential building site with utilities and association maintenance.

    59 Creek Drive, Hart, MI 49420

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    Lakefront Land Parcel For Sale
    $284,900
    2.67 Acres
    Lakefront Land Parcel For Sale

    2.67-acre lakefront parcel with mobile home near Silver Lake ORV.

    2605 N 34th Avenue, Mears, MI 49436

    View details

    Shelby, MI Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Shelby, MI on our real estate platform. These investment opportunities span a total of 14,507 square feet of properties for sale, with an estimated market value of $419,000.

    Sale prices for residential income properties in Shelby, MI start at $180,000, averaging $209,500, and reaching up to $239,000 — 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

    Apartment buildings 1
    Multifamily properties 1
    Single family properties 1

    Demographics Overview

    Population 5,272
    Population Growth (5Y) +10.1%
    Median Household Income $65,640
    College Educated 29.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49455 $239K

    Taxes & Financing

    Tax Rate (average for all types) 3.67%
    Property Tax per SF $92.89 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oceana County

    New Delisted

    Total CRE Inventory on Market (SF)

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