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    Munising, MI
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    Munising, MI Specialty Properties for Sale

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    Shingleton, MI Au Train, MI Manistique, MI
    Unique Tourist Attraction with Waterfalls
    Updated: Jan 28, 2025
    Unique Tourist Attraction with Waterfalls

    602 Bell Avenue, Munising, MI 49862

    $6,900,000
    2,714 sqft · 79.00 AC lot
    79‑acre property featuring the Horseshoe Falls spring‑fed waterfalls and more than 1/2 mile of woodland paths
    Trout pond on site with 200–300 large rainbow trout, plus botanical garden and gnome theme attractions
    Gift shop provides the entry point to the paths leading to the falls, botanical gardens, and pond
    On‑site living: attached 2‑bedroom, 1.5‑bath living quarters
    Detached 28' x 40' garage, plus patio/deck and fenced yard
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    Unique Tourist Attraction with Waterfalls
    Updated: Jan 22, 2025
    Unique Tourist Attraction with Waterfalls

    602 Bell, Munising, MI 49862

    $6,900,000
    2,714 sqft · 79.00 AC lot
    Established tourist attraction: Horseshoe Falls, a privately owned waterfalls.
    79 acres of land including natural spring‑fed waterfalls.
    Over 1/2 mile of woodland paths and botanical garden with a Gnome theme.
    Trout pond stocked with 200‑300 large rainbow trout.
    Gift shop with unique gifts, souvenirs, and ice cream.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Munising, 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 Lodge with Commercial Kitchen
    Turnkey Lodge with Commercial Kitchen

    8928 N Boot Lake Road, Manistique, MI 49854

    $650,000
    3,456 sqft · 1.77 AC lot

    Furnished lodge with lodging for up to 18 and a commercial-grade kitchen, set on 1.77 wooded acres near trail access.

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    Former School Building on 19+ Acres
    Former School Building on 19+ Acres

    530 Mitchell Street, Gwinn, MI 49841

    $450,000
    38,997 sqft · 19.38 AC lot

    Partially remodeled former school with multi-family potential on 19+ acres.

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    Former School Building on 19 Acres
    Former School Building on 19 Acres

    530 Mitchell Street, Gwinn, MI 49841

    $450,000
    38,997 sqft · 19.38 AC lot

    Partially remodeled former school building with immense potential on 19.38 acres.

    View details
    Retail Property Near Lake Michigan
    Retail Property Near Lake Michigan

    717 E Lakeshore Dr, Manistique, MI

    $2,304,000
    3.93 AC lot

    Freestanding retail property with excellent visibility and accessibility.

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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.

    Waterfront Land with Sand Beach
    Waterfront Land with Sand Beach

    14387 Nahma Shores JJ.45 Drive, Nahma, MI 49864

    $65,000
    0.51 AC lot

    Waterfront parcel on Nahma Golf Course with woods and a sand beach; electricity available at the road.

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    Chambers Island Waterfront Land
    Chambers Island Waterfront Land

    Fish Creek, WI 54212

    $199,900
    2.70 AC lot

    2.7 acres of Green Bay shoreline on Chambers Island.

    View details
    Buildable Farmland with Market Building
    Buildable Farmland with Market Building

    11184 N Mill Street, Northport, MI 49670

    $499,000
    7.88 AC lot

    Nearly 8 acres with a nearly 2,000 SF market building, plus a 5-inch well and septic system in place.

    View details
    Buildable Runway-Access Hangar Lot
    Buildable Runway-Access Hangar Lot

    6 Hangar Way, Kewadin, MI 49648

    $39,900
    0.21 AC lot

    Commercially zoned, buildable hangar lot with direct runway access and on-site underground electric.

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    Munising, MI Specialty Properties Market Trends and Statistics

    Explore 2 specialty properties for sale in Munising, MI on our real estate platform. These investment opportunities span a total of 5,428 square feet of properties for sale, with an estimated market value of $13,800,000.

    Sale prices for properties in Munising, MI start at $6,900,000, averaging $6,900,000, and reaching up to $6,900,000 — 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

    Wedding venues 2

    Demographics Overview

    Population 4,532
    Population Growth (5Y) -12.1%
    Median Household Income $59,575
    College Educated 25.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49862 $6.9M

    Taxes & Financing

    Tax Rate (average for all types) 1.84%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Alger County

    New Delisted

    Total CRE Inventory on Market (SF)

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