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    Elk Rapids, MI
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    Elk Rapids, MI Residential Land & Home Lots for Sale

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    Buildable Lot in Elk Rapids
    Updated: Mar 3
    Buildable Lot in Elk Rapids

    142 Charles Street, Elk Rapids, MI 49629

    $125,000
    0.50 AC lot
    Buildable lot in the desirable Village of Elk Rapids
    Walking distance to schools, church, and shopping
    Municipal water and sewer available
    Electric and gas available
    Large lot suitable for various home designs
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    LAND - Elk Rapids, MI
    Updated: Jul 31
    LAND - Elk Rapids, MI

    S Bayshore Drive, Elk Rapids, MI 49629

    $199,900
    0.59 AC lot
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    Elk Rapids Vacant Land Opportunity
    Elk Rapids Vacant Land Opportunity

    Capa-Bran Terrace lot: 4, Elk Rapids, MI 49629

    $199,900
    0.24 AC lot

    Vacant lots in Elk Rapids, close to beaches and restaurants.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Unimproved Land
    Unimproved Land

    Lot 32 Buckley, Elk Rapids, MI 49629

    $150,000

    Residential land & home lots

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    Vacant Land in Elk Rapids
    Vacant Land in Elk Rapids

    Capa-Bran Terrace lot: 2, Elk Rapids, MI 49629

    $199,900
    0.22 AC lot

    Oversized vacant lots in Elk Rapids, close to amenities.

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    Elk Rapids Vacant Land
    Elk Rapids Vacant Land

    Capa-Bran Terrace lot: 13, Elk Rapids, MI 49629

    $199,900
    0.25 AC lot

    Vacant lots in Elk Rapids, close to beaches and restaurants.

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    Elk Rapids Vacant Land
    Elk Rapids Vacant Land

    Capa-Bran Terrace lot: 7, Elk Rapids, MI 49629

    $199,900
    0.23 AC lot

    Vacant lots in Elk Rapids, close to beaches and restaurants.

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    Land
    Land

    Lot 29 Buckley, Elk Rapids, MI 49629

    $150,000

    Residential land & home lots

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    Elk Rapids Vacant Land
    Elk Rapids Vacant Land

    Capa-Bran Terrace lot: 3, Elk Rapids, MI 49629

    $199,900
    0.21 AC lot

    Vacant lots in Elk Rapids, close to beaches and restaurants.

    View details
    Elk Rapids Vacant Land
    Elk Rapids Vacant Land

    Capa-Bran Terrace lot: 5, Elk Rapids, MI 49629

    $199,900
    0.34 AC lot

    Vacant lots in Elk Rapids, close to beaches and restaurants.

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    Land
    Land

    Lot 31 Buckley, Elk Rapids, MI 49629

    $150,000

    Residential land & home lots

    View details
    Elk Rapids Vacant Land
    Elk Rapids Vacant Land

    Capa-Bran Terrace lot: 8, Elk Rapids, MI 49629

    $199,900
    0.26 AC lot

    Vacant lots in Elk Rapids, close to beaches and restaurants.

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    Land
    Land

    Lot 33 Buckley, Elk Rapids, MI 49629

    $150,000

    Residential land & home lots

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    Land
    Land

    Lot 30 Buckley, Elk Rapids, MI 49629

    $150,000

    Residential land & home lots

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    Land
    Land

    8618 Partridge Trl, Elk Rapids, MI 49629

    $85,900

    Residential land & home lots

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    Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 15 Active listings in Elk Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Inland Waterfront-Access Building Lot
    Inland Waterfront-Access Building Lot

    14857 Mallard Drive, Traverse City, MI 49686

    $695,000
    2.13 AC lot

    Inland building parcel in a platted subdivision with a mix of cleared and wooded ground plus shared East Bay amenities.

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    Lake-Adjacent Residential Estate Land
    Lake-Adjacent Residential Estate Land

    B-3 Stallman Road, Rapid City, MI 49676

    $139,900
    7.51 AC lot

    Residentially zoned estate parcel in Antrim County, sized for a private build near Torch and Elk Lakes.

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    Residential Waterfront Estate Land
    Residential Waterfront Estate Land

    B-4 Stallman Road, Rapid City, MI 49676

    $159,900
    7.51 AC lot

    Build a private estate on a residential waterfront parcel near Torch and Elk lakes in the Rapid City area.

    View details
    Land
    Land

    Traverse City, MI 49686

    $194,900

    Waterfront Land

    View details

    Elk Rapids, MI Residential Land & Home Lots Market Trends and Statistics

    Explore 15 residential land & home lots for sale in Elk Rapids, MI, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 123,710 square feet of properties for sale, with an estimated market value of $2,560,100.

    Sale prices for home sites in Elk Rapids, MI start at $85,900, averaging $170,673, and reaching up to $199,900 — 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

    Residential land & home lots 14
    Commercial land 2
    Waterfront Land 1

    Demographics Overview

    Population 2,037
    Population Growth (5Y) +0.1%
    Median Household Income $74,318
    College Educated 62.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49629 $190.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.89%
    Property Tax per SF $21.92 per SF
    Tax Rate vs County Average 0.43 pp below county avg
    Average Loan-to-Value 65.0%

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