Short Term Rental

Elk Rapids, MI Short Term Rental Properties for Sale

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Rapid City, MI Kewadin, MI Traverse City, MI Williamsburg, MI Alden, MI Bellaire, MI Acme, MI Suttons Bay, MI
Cottage Resort Near Bay
Updated: Sep 4
Cottage Resort Near Bay

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000
4,000 sqft 5.88 AC lot
10 individual cottages, with 9 currently participating in the rental program
Accommodations range from a 160‑square‑foot efficiency to a two‑bedroom retreat
Cottages can collectively host up to 28 guests
4,000 square feet of property improvements
Across from Elk Rapids Day Park with public access to a quarter‑mile East Grand Traverse Bay shoreline
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Restored Cottage Court Resort
Updated: Aug 13
Restored Cottage Court Resort

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000
4,000 sqft 5.88 AC lot
Restored 1938 cottage court with 10 individual cottages
Nine cottages currently participate in the rental program
Guest accommodations range from a 160‑square‑foot efficiency to a two‑bedroom retreat
Combined lodging capacity of up to 28 guests
New flooring, electrical, and plumbing throughout the cottages
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Restored Cottage Court Resort
Restored Cottage Court Resort

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000
5.00 AC lot

Ten renovated cottages with shared outdoor gathering areas sit across from public beach access.

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See hot listings in Elk Rapids

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 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 rental accommodations, and private frontage across the road from North Lake Leelanau.

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Remodeled 4-Plex with Flexible Use
Remodeled 4-Plex with Flexible Use

607 W Front St, Traverse City, MI 49684

$1,600,000
2,245 sqft

Fully remodeled 4-plex offers multiple unit configurations and flexible C-2 zoning for a variety of commercial and housing uses.

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Multi-Building Lakefront Hotel
Multi-Building Lakefront Hotel

1757 N Manitou Trl, Leland, MI 49654

$4,200,000
9,244 sqft

Hospitality property with short-term lodging, a historic lodge, guest services, and recreational rental operations.

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Renovated Furnished Duplex
Renovated Furnished Duplex

509 Rose Street, Traverse City, MI 49686

$389,000
977 sqft 0.05 AC lot

Two permitted short-term rental units offer furnished accommodations near downtown Traverse City and the waterfront.

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

Explore 3 short term rental properties for sale in Elk Rapids, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,000 square feet of properties for sale, with an estimated market value of $5,250,000.

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 3
Duplexes 1
Quadplexes 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 $1.8M

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%

Listings Trend

New vs delisted commercial listings in Antrim County

New Delisted

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