Short Term Rental

Elk Rapids, MI Short Term Rental Properties for Sale

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Restored Cottage Court Resort
Updated: Aug 13
Restored Cottage Court Resort

917 S Bayshore Dr, Elk Rapids, MI 49629

$1,750,000
4,000 sqft 5.00 AC lot
Five wooded acres with a restored 1938 cottage court
10 individual cottages, with 9 currently in the rental program
Cottage sizes range from a 160‑square‑foot efficiency to a two‑bedroom retreat
Combined lodging capacity of up to 28 guests
Shared fire pit, group dining area, and lawn space
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 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.

Hotel Property with Lake Views
Hotel Property with Lake Views

1757 N Manitou Trail, Leland, MI 49654

$4,200,000
9,244 sqft 4.33 AC lot

Hospitality property with multiple buildings, short-term lodging units, and private frontage on North Lake Leelanau.

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Hotel Property With Lake Views
Hotel Property With Lake Views

1757 N Manitou Trail, Leland, MI 49654

$4,200,000
9,244 sqft 4.33 AC lot

Hospitality property comprising multiple buildings and short-term lodging units near North Lake Leelanau.

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Commercial Land with Rental Cabins
Commercial Land with Rental Cabins

1470 US-31 N, Traverse City, MI 49686

$499,000
1,000 sqft 0.66 AC lot

Commercially zoned land with two cabins and a storage garage, near state park and the TART trail.

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Zoned Regional Business Waterfront Land
Zoned Regional Business Waterfront Land

Traverse City, MI 49686

$499,000
1,000 sqft

Waterfront-facing land with two existing cabins and regional business zoning for offices, retail, or rentals.

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Elk Rapids, MI Short Term Rental Properties Market Trends and Statistics

Explore 1 short term rental properties for sale in Elk Rapids, MI on our real estate platform. These investment opportunities span a total of 4,000 square feet of properties for sale, with an estimated market value of $1,750,000.

Sale prices for short term rental properties in Elk Rapids, MI average $1,750,000 — 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

Short term rental properties 1

Demographics Overview

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

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%

Total CRE Inventory on Market (SF)

Average Property Price per SF

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

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