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Prime Downtown Bellaire 4-Plex | Fully Occupied Turnkey Asset Exceptional, Rare In-Town Multi-Family Opportunity! 513 E Cayuga offers immediate, multi-stream rental yield within the Village of Bellaire. Situated on a 0.34-acre lot, this fully occupied four-plex features a balanced unit mix of two private 1-bedroom apartments and two efficient studio units, delivering immediate day-one cash flow. Tenants love the unbeatable location—just a short walk to downtown Bellaire’s vibrant core district, including Short’s Brewing Company and other local coffee shops and eateries, shopping, and walking path to Richardi Park. The property boasts dedicated off-street parking, a highly prized feature for in-town living that ensures effortless tenant attraction and long-term retention. With severe regional demand for year-round workforce housing and zero local multi-family inventory competition, this asset provides an investor with low vacancy risk, steady cash flow, and clear upside potential. Whether you are seeking a resilient addition to your portfolio or a high-yielding Northern Michigan income property, 513 E Cayuga offers reliable performance in an ideal setting.

4 Baths ⋅ 1951979 MLS ⋅ Richardi Addition BLDG.

Prime Downtown Bellaire 4-Plex | Fully Occupied Turnkey Asset Exceptional, Rare In-Town Multi-Family Opportunity! 513 E Cayuga offers immediate, multi-stream rental yield within the Village of Bellaire. Situated on a 0.34-acre lot, this fully occupied four-plex features a balanced unit mix of two private 1-bedroom apartments and two efficient studio units, delivering immediate day-one cash flow. Tenants love the unbeatable location—just a short walk to downtown Bellaire’s vibrant core district, including Short’s Brewing Company and other local coffee shops and eateries, shopping, and walking path to Richardi Park. The property boasts dedicated off-street parking, a highly prized feature for in-town living that ensures effortless tenant attraction and long-term retention. With severe regional demand for year-round workforce housing and zero local multi-family inventory competition, this asset provides an investor with low vacancy risk, steady cash flow, and clear upside potential. Whether you are seeking a resilient addition to your portfolio or a high-yielding Northern Michigan income property, 513 E Cayuga offers reliable performance in an ideal setting.

513 Cayuga, Bellaire

$499,000

Explore the potential of this 2.51-acre property ideally located in Lake Leelanau, within walking distance of local restaurants, wineries, distillery, grocery store, school, and church. Zoned R-3 High Density Residential in Leland Township, this property offers an exciting opportunity for investors looking to expand their portfolio or explore future development possibilities. The property currently features three rental units, including one studio-style unit, along with two trailers, each offering 2 bedrooms and 1 bathroom. With its convenient location, existing rental accommodations, and generous acreage, this property offers plenty of potential to generate income, enhance the existing rentals, or investigate future development opportunities. A rare opportunity to invest in the heart of desirable Lake Leelanau! The property has access off both S Lake Shore Drive and St. Joseph Street.

3 Baths ⋅ 1951814 MLS ⋅ N/A BLDG.

Explore the potential of this 2.51-acre property ideally located in Lake Leelanau, within walking distance of local restaurants, wineries, distillery, grocery store, school, and church. Zoned R-3 High Density Residential in Leland Township, this property offers an exciting opportunity for investors looking to expand their portfolio or explore future development possibilities. The property currently features three rental units, including one studio-style unit, along with two trailers, each offering 2 bedrooms and 1 bathroom. With its convenient location, existing rental accommodations, and generous acreage, this property offers plenty of potential to generate income, enhance the existing rentals, or investigate future development opportunities. A rare opportunity to invest in the heart of desirable Lake Leelanau! The property has access off both S Lake Shore Drive and St. Joseph Street.

512 S Lake Shore Drive, Lake Leelanau

$650,000

Well-designed side-by-side duplex in Traverse City’s Historic Central Neighborhood, just a few blocks from the heart of downtown. Each side offers approximately 1,540 sq ft, with a main-level bedroom/den and bath, plus 2 upstairs bedrooms, a full bath, and a sitting area. The full basement is accessible from within each unit and divided down the middle for added privacy and storage. Combined, the property features 6 bedrooms and 3.5 baths. Each side pays their own utilities directly, with separate electric, gas, and water/sewer meters for each unit. Both units share a two-car garage accessed from the alley, and the home sits on a spacious 50' × 166' lot. Continue operating as an investment property duplex, live on one side and rent the other, or explore the potential to convert the duplex into a single family home or two-unit condominium. The Central Neighborhood location offers convenient access to downtown restaurants, coffee shops, shopping, entertainment, beaches, the TART Trail, schools, and nearby medical facilities. A unique opportunity close to everything that doesn’t come along very often!

4 Baths ⋅ 1951746 MLS ⋅ Hannah Lay 6th Add BLDG.

Well-designed side-by-side duplex in Traverse City’s Historic Central Neighborhood, just a few blocks from the heart of downtown. Each side offers approximately 1,540 sq ft, with a main-level bedroom/den and bath, plus 2 upstairs bedrooms, a full bath, and a sitting area. The full basement is accessible from within each unit and divided down the middle for added privacy and storage. Combined, the property features 6 bedrooms and 3.5 baths. Each side pays their own utilities directly, with separate electric, gas, and water/sewer meters for each unit. Both units share a two-car garage accessed from the alley, and the home sits on a spacious 50' × 166' lot. Continue operating as an investment property duplex, live on one side and rent the other, or explore the potential to convert the duplex into a single family home or two-unit condominium. The Central Neighborhood location offers convenient access to downtown restaurants, coffee shops, shopping, entertainment, beaches, the TART Trail, schools, and nearby medical facilities. A unique opportunity close to everything that doesn’t come along very often!

318-320 Seventh Street, Traverse City

$1,500,000

Fantastic 8 unit townhouse Development in the Heart of Beautiful Leelanau County! These don't come available often. Built in 2002 these 2 bldgs each have 4 townhouse units all identical with 2 br. 1.5 baths all are separately metered for natural gas and electric. Each unit has a 5 ft. crawlspace with furnace and hotwater heater. Each unit has a private deck area and front porch. Fully rented and seldom is there a turnover here. Each bldg has it's own septic system and the 2 bldgs share a onsite water well. Land division process is being done and Health Department point of sale well and septic have been ordered.

2 Baths ⋅ 1951725 MLS ⋅ Saint Joseph Apartments BLDG.

Fantastic 8 unit townhouse Development in the Heart of Beautiful Leelanau County! These don't come available often. Built in 2002 these 2 bldgs each have 4 townhouse units all identical with 2 br. 1.5 baths all are separately metered for natural gas and electric. Each unit has a 5 ft. crawlspace with furnace and hotwater heater. Each unit has a private deck area and front porch. Fully rented and seldom is there a turnover here. Each bldg has it's own septic system and the 2 bldgs share a onsite water well. Land division process is being done and Health Department point of sale well and septic have been ordered.

540 Saint Joseph Street, Lake Leelanau

$315,000

A rare opportunity with incredible flexibility and potential! This unique property features two homes on a spacious lot, offering a variety of possibilities for investors, multigenerational living, extended family, or those looking for additional rental income. A detached garage and versatile workshop provide even more usable space for storage, hobbies, business needs, or future projects. Both homes need some updating and TLC, but the possibilities are endless for someone looking to add value and create something truly special. Located in a desirable area close to everyday amenities, this property offers the space, versatility, and location that are hard to find. Bring your vision and explore the potential!

2 Baths ⋅ 1951093 MLS ⋅ Stockfish Subd No 1 BLDG.

A rare opportunity with incredible flexibility and potential! This unique property features two homes on a spacious lot, offering a variety of possibilities for investors, multigenerational living, extended family, or those looking for additional rental income. A detached garage and versatile workshop provide even more usable space for storage, hobbies, business needs, or future projects. Both homes need some updating and TLC, but the possibilities are endless for someone looking to add value and create something truly special. Located in a desirable area close to everyday amenities, this property offers the space, versatility, and location that are hard to find. Bring your vision and explore the potential!

2700 Pinebrook Road, Traverse City

$850,000

ELK RAPIDS – RARE OPPORTUNITY! This multi-unit property has been extensively redone, exterior siding, roof, windows, mini-splits, electrical, freshly landscaped grounds, including a wonderful fire pit and so much more!!! Currently four units with the potential for an additional 4 on this large parcel! Interiors are ready for the next owner to finish as they desire! Fabulous location, just outside the Village of Elk Rapids, allowing short-term rentals, yet walkable to beaches and the downtown amenities! Perfect for an investor or on-site resident! $850,000

4 Baths ⋅ 1950828 MLS ⋅ Metes And Bounds BLDG.

ELK RAPIDS – RARE OPPORTUNITY! This multi-unit property has been extensively redone, exterior siding, roof, windows, mini-splits, electrical, freshly landscaped grounds, including a wonderful fire pit and so much more!!! Currently four units with the potential for an additional 4 on this large parcel! Interiors are ready for the next owner to finish as they desire! Fabulous location, just outside the Village of Elk Rapids, allowing short-term rentals, yet walkable to beaches and the downtown amenities! Perfect for an investor or on-site resident! $850,000

10456 S US-31 S, Elk Rapids

$1,750,000

A piece of Northern Michigan history, reimagined for what's next. Tucked along Elk Rapids' bayside, Paradise Pines Resort is a rare offering: a beautifully restored 1938 cottage court spread across five wooded acres, just steps from the water. Directly across the street, Elk Rapids Day Park offers public beach access along a quarter-mile of East Grand Traverse Bay shoreline. Ten individual cottages, each with its own character, have been completely transformed from the ground up. New flooring, electrical, and plumbing throughout. Furniture and decor sourced from repurposed materials, giving every space warmth and story in equal measure. Nine cottages are currently in the rental program, ranging from a cozy 160-square-foot efficiency to a spacious two-bedroom retreat, together capable of hosting up to 28 guests. A shared fire pit, group dining area, and lawn space for games round out the property, creating the kind of communal, laid-back atmosphere that turns first-time guests into regulars. The owners' residence sits on-site as well, with five acres offering plenty of room to grow, whether that means additional cottages, expanded gathering spaces, or new amenities altogether. This is more than a vacation rental. It's a turnkey business with deep roots in the community, established goodwill, and real upside for the right owner. For the right buyer, Paradise Pines represents a rare chance to own a piece of Elk Rapids' history, and build onto its next chapter.

1950229 MLS ⋅ Paradise Pines BLDG.

A piece of Northern Michigan history, reimagined for what's next. Tucked along Elk Rapids' bayside, Paradise Pines Resort is a rare offering: a beautifully restored 1938 cottage court spread across five wooded acres, just steps from the water. Directly across the street, Elk Rapids Day Park offers public beach access along a quarter-mile of East Grand Traverse Bay shoreline. Ten individual cottages, each with its own character, have been completely transformed from the ground up. New flooring, electrical, and plumbing throughout. Furniture and decor sourced from repurposed materials, giving every space warmth and story in equal measure. Nine cottages are currently in the rental program, ranging from a cozy 160-square-foot efficiency to a spacious two-bedroom retreat, together capable of hosting up to 28 guests. A shared fire pit, group dining area, and lawn space for games round out the property, creating the kind of communal, laid-back atmosphere that turns first-time guests into regulars. The owners' residence sits on-site as well, with five acres offering plenty of room to grow, whether that means additional cottages, expanded gathering spaces, or new amenities altogether. This is more than a vacation rental. It's a turnkey business with deep roots in the community, established goodwill, and real upside for the right owner. For the right buyer, Paradise Pines represents a rare chance to own a piece of Elk Rapids' history, and build onto its next chapter.

917 S Bayshore Drive, Elk Rapids

4256 North Spider Lake Road, Traverse City

$699,900

Rare Spider Lake waterfront investment opportunity featuring two separate, nicely updated cottages on a deep, level lot with a sandy beach and beautiful lake frontage. The property includes a 1-bedroom, 1-bath cottage and a 2-bedroom, 1-bath cottage with sunroom and large lakeside deck. Both cottages are comfortable and appealing, with mini-splits for efficient heating and cooling, and have an established rental history.------Well and Septic Inspection has been completed and passed by County for time of transfer------------- A major advantage is the property's Cabin Court designation by the township, making it exempt from local short-term rental restrictions—an increasingly valuable feature in the Traverse City area. This provides excellent flexibility for continued vacation rental use, owner occupancy combined with rental income, extended family use, or a waterfront retreat.----------- Offered turnkey with over $47K in recent upgrades, including furnishings, household goods, kayaks and much of what is needed to continue operating and enjoying the property from day one. Spider Lake is a highly desirable all-sports lake just minutes from downtown Traverse City. The property is also convenient to the VASA Trail, extensive state land, hiking, biking, ORV trails and year-round recreation. A unique opportunity to own two waterfront cottages with sandy frontage, proven rental potential and an outstanding Traverse City location.

2 Baths ⋅ 1950207 MLS ⋅ Wildwood Park BLDG.

Rare Spider Lake waterfront investment opportunity featuring two separate, nicely updated cottages on a deep, level lot with a sandy beach and beautiful lake frontage. The property includes a 1-bedroom, 1-bath cottage and a 2-bedroom, 1-bath cottage with sunroom and large lakeside deck. Both cottages are comfortable and appealing, with mini-splits for efficient heating and cooling, and have an established rental history.------Well and Septic Inspection has been completed and passed by County for time of transfer------------- A major advantage is the property's Cabin Court designation by the township, making it exempt from local short-term rental restrictions—an increasingly valuable feature in the Traverse City area. This provides excellent flexibility for continued vacation rental use, owner occupancy combined with rental income, extended family use, or a waterfront retreat.----------- Offered turnkey with over $47K in recent upgrades, including furnishings, household goods, kayaks and much of what is needed to continue operating and enjoying the property from day one. Spider Lake is a highly desirable all-sports lake just minutes from downtown Traverse City. The property is also convenient to the VASA Trail, extensive state land, hiking, biking, ORV trails and year-round recreation. A unique opportunity to own two waterfront cottages with sandy frontage, proven rental potential and an outstanding Traverse City location.

4256 North Spider Lake Road, Traverse City

$599,900

Slabtown homes don't turn over often, and a true two-residence property here turns over even less. This is a rare opportunity to let a second residence help offset the mortgage while putting you in one of Traverse City’s most walkable, sought after locations. The neighborhood lives up to the reputation, with multiple parks, the TART Trail and a beach just blocks away. Local staples like Slabtown Burgers, Tom's Food Markets, and Dairy Lodge are all within easy reach, so plenty of errands turn into a walk instead of a drive. The home offers two distinct living spaces, each with its own entrance, kitchen, and bath. Use the secondary living quarters as a rental to help offset the mortgage, create a comfortable mother-in-law suite, give adult kids their own space when they move back home, accommodate a caretaker, host long-term guests, or simply keep a separate space for work or hobbies. The main home features refinished hardwood floors and an updated bathroom, while the three-stall garage brings serious utility, including one bay with a raised door built for a boat. A large concrete parking pad alongside the garage provides even more room for vehicles or a trailer. Out back, a generous yard framed by mature trees leads to a patio to catch the afternoon sun. There’s plenty of room to spread out, entertain, garden, or simply enjoy having outdoor space of your own. Income, family, guests, caregiving, or just more room to live, this is a property that can evolve with you. In a neighborhood where opportunities like this rarely come along, the flexibility is already built in. This is Slabtown living, ready for its next owner.

2 Baths ⋅ 1950184 MLS ⋅ Hannah Lay & Co's 3rd Add BLDG.

Slabtown homes don't turn over often, and a true two-residence property here turns over even less. This is a rare opportunity to let a second residence help offset the mortgage while putting you in one of Traverse City’s most walkable, sought after locations. The neighborhood lives up to the reputation, with multiple parks, the TART Trail and a beach just blocks away. Local staples like Slabtown Burgers, Tom's Food Markets, and Dairy Lodge are all within easy reach, so plenty of errands turn into a walk instead of a drive. The home offers two distinct living spaces, each with its own entrance, kitchen, and bath. Use the secondary living quarters as a rental to help offset the mortgage, create a comfortable mother-in-law suite, give adult kids their own space when they move back home, accommodate a caretaker, host long-term guests, or simply keep a separate space for work or hobbies. The main home features refinished hardwood floors and an updated bathroom, while the three-stall garage brings serious utility, including one bay with a raised door built for a boat. A large concrete parking pad alongside the garage provides even more room for vehicles or a trailer. Out back, a generous yard framed by mature trees leads to a patio to catch the afternoon sun. There’s plenty of room to spread out, entertain, garden, or simply enjoy having outdoor space of your own. Income, family, guests, caregiving, or just more room to live, this is a property that can evolve with you. In a neighborhood where opportunities like this rarely come along, the flexibility is already built in. This is Slabtown living, ready for its next owner.

131 N Spruce, Traverse City

$539,900

Turnkey Four-Unit Investment Set on a rare double lot (.19 acres) just off East Front Street's downtown-to-bay corridor, this four-unit property offers a strong income stream in one of Traverse City's most walkable, in-demand locations. Mature trees give the property a shaded, established feel just minutes from downtown shops, restaurants, and the East Bay waterfront. Three of the four units are currently leased, generating $3,425/month in combined rent; Unit 2 is available and listed at $1,750/month. Units 2 and 4 have been most recently updated, and Unit 3 includes its own washer and dryer. Each unit offers a private entryway and an efficient layout that appeals to a steady renter pool. This walk-everywhere location has a track record of long-term tenants. On-site parking for tenants is located in the rear of the building, off the alley. This is a compelling opportunity for an investor to step into immediate cash flow while retaining long-term upside through lease renewals and light updates.

4 Baths ⋅ 1950164 MLS ⋅ Bayside Add BLDG.

Turnkey Four-Unit Investment Set on a rare double lot (.19 acres) just off East Front Street's downtown-to-bay corridor, this four-unit property offers a strong income stream in one of Traverse City's most walkable, in-demand locations. Mature trees give the property a shaded, established feel just minutes from downtown shops, restaurants, and the East Bay waterfront. Three of the four units are currently leased, generating $3,425/month in combined rent; Unit 2 is available and listed at $1,750/month. Units 2 and 4 have been most recently updated, and Unit 3 includes its own washer and dryer. Each unit offers a private entryway and an efficient layout that appeals to a steady renter pool. This walk-everywhere location has a track record of long-term tenants. On-site parking for tenants is located in the rear of the building, off the alley. This is a compelling opportunity for an investor to step into immediate cash flow while retaining long-term upside through lease renewals and light updates.

1055 E Front Street, Traverse City

$385,000

Turnkey income property in the desirable Hearthside Acres neighborhood of Garfield Township! This well-maintained side-by-side duplex offers two identical units, each featuring 3 bedrooms, 1 bath, and 877 square feet of comfortable living space with a living room, eat-in kitchen, and in-unit washer/dryer hookups. Currently occupied with reliable rental history, this property is an excellent addition to any investment portfolio or a great owner-occupy option. Located within Traverse City Area Public Schools and just minutes from downtown TC, shopping, and all the Grand Traverse region has to offer. Don't miss this rare multi-family opportunity in a fast-growing market!

2 Baths ⋅ 1950126 MLS ⋅ Hearthside Acres BLDG.

Turnkey income property in the desirable Hearthside Acres neighborhood of Garfield Township! This well-maintained side-by-side duplex offers two identical units, each featuring 3 bedrooms, 1 bath, and 877 square feet of comfortable living space with a living room, eat-in kitchen, and in-unit washer/dryer hookups. Currently occupied with reliable rental history, this property is an excellent addition to any investment portfolio or a great owner-occupy option. Located within Traverse City Area Public Schools and just minutes from downtown TC, shopping, and all the Grand Traverse region has to offer. Don't miss this rare multi-family opportunity in a fast-growing market!

4364 Wyatt Road, Traverse City

$1,899,000

This exceptional Long Lake offering with 143 feet of private sandy beach frontage, a main home, and separate cottages is a prime opportunity for both personal enjoyment and income. The boathouse on the property is an additional bonus with lot's of storage for toys and lawn equipment. Just a short drive from downtown Traverse City, this property offers the best of lake living with the flexibility to use it in a variety of ways. Enjoy boating, swimming, sunsets, and summer days on the water, while the additional cottages provide excellent potential for rental income, guest accommodations, or extended family. The property’s Hamlet zoning designation allows for commercial uses, adding even more flexibility and opportunity for the next owner. Whether envisioned as a private family retreat, vacation rental, investment property, or a combination of uses, the possibilities are plentiful. With Long Lake at your doorstep and Traverse City, Lake Ann, and Silver Lake nearby, this is a truly special property with rare waterfront, multiple structures, flexible zoning, and strong income-producing potential.

5 Baths ⋅ 1950006 MLS

This exceptional Long Lake offering with 143 feet of private sandy beach frontage, a main home, and separate cottages is a prime opportunity for both personal enjoyment and income. The boathouse on the property is an additional bonus with lot's of storage for toys and lawn equipment. Just a short drive from downtown Traverse City, this property offers the best of lake living with the flexibility to use it in a variety of ways. Enjoy boating, swimming, sunsets, and summer days on the water, while the additional cottages provide excellent potential for rental income, guest accommodations, or extended family. The property’s Hamlet zoning designation allows for commercial uses, adding even more flexibility and opportunity for the next owner. Whether envisioned as a private family retreat, vacation rental, investment property, or a combination of uses, the possibilities are plentiful. With Long Lake at your doorstep and Traverse City, Lake Ann, and Silver Lake nearby, this is a truly special property with rare waterfront, multiple structures, flexible zoning, and strong income-producing potential.

9321 N Long Lake Road, Traverse City

$4,260,000

The historic Old Mission Inn is a beautifully restored Victorian hotel in the heart of Traverse City's renowned Old Mission Peninsula wine region. Situated on approximately 10 scenic acres with favorable zoning, this iconic property offers 13 guest rooms, 11 baths, a spacious commercial kitchen, elegant dining areas, and a large covered porch with beautiful Lake Michigan views.------ Included in the sale is the thriving Mission Bay Café, now open to the public and becoming a popular destination for both locals and visitors. An exceptional opportunity for a boutique inn, restaurant, wedding and event venue, or expanded hospitality business.----- Please do not visit or contact staff regarding the sale. All showings are by appointment only, and proof of financial ability is required prior to scheduling tours.

1949598 MLS ⋅ Old Mission Peninsula BLDG.

The historic Old Mission Inn is a beautifully restored Victorian hotel in the heart of Traverse City's renowned Old Mission Peninsula wine region. Situated on approximately 10 scenic acres with favorable zoning, this iconic property offers 13 guest rooms, 11 baths, a spacious commercial kitchen, elegant dining areas, and a large covered porch with beautiful Lake Michigan views.------ Included in the sale is the thriving Mission Bay Café, now open to the public and becoming a popular destination for both locals and visitors. An exceptional opportunity for a boutique inn, restaurant, wedding and event venue, or expanded hospitality business.----- Please do not visit or contact staff regarding the sale. All showings are by appointment only, and proof of financial ability is required prior to scheduling tours.

18599 Mission Road, Traverse City

$394,000

Excellent investment opportunity just minutes south of Bellaire! Fully updated, the building is currently configured as a duplex with two spacious units, offering flexibility for investors, owner-occupants, or those seeking comfortable space for extended family. Renovated from top to bottom just a couple of years ago, it features wood, tile and LVP flooring, updated windows, plumbing & electrical, modern kitchens, newer appliances, and remodeled bathrooms. Both levels include laundry accommodations, with laundry conveniently located in the upstairs bathroom and a separate laundry room on the lower level. One lower-level bedroom is currently non-conforming, but an egress window could be added to increase functionality and value. Quality rental options like this are rare in the market, positioning you to generate strong income while offering tenants a clean, comfortable, and well-maintained living environment. The seller will split the property prior to closing, as the residence currently shares the parcel with a retail building and pole building. For buyers looking for an even larger live-work opportunity, the neighboring commercial property is also available. Imagine living next door to your business while generating rental income from the second unit. The adjacent property offers a large retail showroom, garages, office space, two bathrooms, warehouse storage, and a pole building—ideal for inventory, equipment, and expansion. (See MLS#1949523) Located across from a popular campground, this unique setting invites creative business possibilities and offers exceptional versatility for the right buyer.

2 Baths ⋅ 1949522 MLS ⋅ Metes And Bounds BLDG.

Excellent investment opportunity just minutes south of Bellaire! Fully updated, the building is currently configured as a duplex with two spacious units, offering flexibility for investors, owner-occupants, or those seeking comfortable space for extended family. Renovated from top to bottom just a couple of years ago, it features wood, tile and LVP flooring, updated windows, plumbing & electrical, modern kitchens, newer appliances, and remodeled bathrooms. Both levels include laundry accommodations, with laundry conveniently located in the upstairs bathroom and a separate laundry room on the lower level. One lower-level bedroom is currently non-conforming, but an egress window could be added to increase functionality and value. Quality rental options like this are rare in the market, positioning you to generate strong income while offering tenants a clean, comfortable, and well-maintained living environment. The seller will split the property prior to closing, as the residence currently shares the parcel with a retail building and pole building. For buyers looking for an even larger live-work opportunity, the neighboring commercial property is also available. Imagine living next door to your business while generating rental income from the second unit. The adjacent property offers a large retail showroom, garages, office space, two bathrooms, warehouse storage, and a pole building—ideal for inventory, equipment, and expansion. (See MLS#1949523) Located across from a popular campground, this unique setting invites creative business possibilities and offers exceptional versatility for the right buyer.

7228 S M-88, Bellaire

$595,000

Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

1949365 MLS

Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

723 Lake Avenue, Traverse City

$495,000

Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

1949270 MLS

Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

807 Lake Avenue, Traverse City

$395,000

Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

1949269 MLS

Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

811 Lake Avenue, Traverse City

$4,200,000

Iconic investment property in Leland, Michigan, now offered at recently appraised value. Boasting five buildings totaling 9,244 square ft, 18 short term rental units, 4-plus beautiful acres, world class lake views and 200 ft of across-the-road private frontage on North Lake Leelanau, this is a stunning property currently run as a profitable hotel with an average of 4.8 star reviews. The historic 1906 main lodge functions as an innkeeper's quarters and main office/gift shop. Kayak and paddle board rentals are offered at the lakefront. The current operating schedule is mid April to late October but in the past the hotel has operated all 12 months. Detailed list of property and building improvements as well as financials are available upon request. Owner is a licensed real estate agent in the state of Michigan.

20 Baths ⋅ 1948996 MLS ⋅ Whaleback Inn BLDG.

Iconic investment property in Leland, Michigan, now offered at recently appraised value. Boasting five buildings totaling 9,244 square ft, 18 short term rental units, 4-plus beautiful acres, world class lake views and 200 ft of across-the-road private frontage on North Lake Leelanau, this is a stunning property currently run as a profitable hotel with an average of 4.8 star reviews. The historic 1906 main lodge functions as an innkeeper's quarters and main office/gift shop. Kayak and paddle board rentals are offered at the lakefront. The current operating schedule is mid April to late October but in the past the hotel has operated all 12 months. Detailed list of property and building improvements as well as financials are available upon request. Owner is a licensed real estate agent in the state of Michigan.

1757 N Manitou Trail, Leland

$524,000

This sunny short term triplex is located in downtown Beulah--just two blocks from the beautiful village beach on iconic Crystal Lake and next door to the Five Shores Brewery. The triplex is only 15 minutes to Crystal Mountain Ski Resort. Close to Sleeping Bear Dunes and Frankfort, plus easy access to Traverse City, Empire, and beyond. Apartment A, the largest at 1054 sq ft., has 3 bedrooms, 1 full bath along with a living room and full kitchen with an attached dining room. Apartment B, the second largest at 703 sq ft, has 2 bedrooms, 1 full bath along with a living room and full kitchen. Apartment A and B are currently operated as short term rentals with Airbnb; they are to sold completely furnished. There is a large deck which Apartment A and B share; each with their own entrances and their own table and chairs; the deck sits adjacent to the Five Shores Brewing outdoor area which makes for an entertaining and lively atmosphere. Apartment C is the third of three apartments and is located in the lower level. At 650 sq. ft., it has 1 bedroom, a kitchen, full bathroom, a living room and dining area. Apartment C is used as a long term rental. Converting this third apartment to an STR would make a nice value-add for a new owner, or an owner could live in one unit and let the other two pay the bills. All 3 apartments have access to a shared, free-to-use, laundry space which has two washers and two dryers.

3 Baths ⋅ 1948158 MLS ⋅ N/A BLDG.

This sunny short term triplex is located in downtown Beulah--just two blocks from the beautiful village beach on iconic Crystal Lake and next door to the Five Shores Brewery. The triplex is only 15 minutes to Crystal Mountain Ski Resort. Close to Sleeping Bear Dunes and Frankfort, plus easy access to Traverse City, Empire, and beyond. Apartment A, the largest at 1054 sq ft., has 3 bedrooms, 1 full bath along with a living room and full kitchen with an attached dining room. Apartment B, the second largest at 703 sq ft, has 2 bedrooms, 1 full bath along with a living room and full kitchen. Apartment A and B are currently operated as short term rentals with Airbnb; they are to sold completely furnished. There is a large deck which Apartment A and B share; each with their own entrances and their own table and chairs; the deck sits adjacent to the Five Shores Brewing outdoor area which makes for an entertaining and lively atmosphere. Apartment C is the third of three apartments and is located in the lower level. At 650 sq. ft., it has 1 bedroom, a kitchen, full bathroom, a living room and dining area. Apartment C is used as a long term rental. Converting this third apartment to an STR would make a nice value-add for a new owner, or an owner could live in one unit and let the other two pay the bills. All 3 apartments have access to a shared, free-to-use, laundry space which has two washers and two dryers.

143 S Benzie Boulevard, Beulah

$510,000

Excellent Investment Opportunity at the Base of Old Mission Peninsula! This well-maintained duplex offers outstanding income potential with a proven rental history and current gross rental income of $4,790 per month. The property features three income-producing units, providing flexibility for investors or those seeking an owner-occupied opportunity. The duplex can also be converted back to a single-family home. Unit A (Main Level) offers 3 bedrooms, 1 bath, and an attached two-car garage. Unit B (Upper Level) features 2 bedrooms, 1 bath, in-unit laundry, and a private deck. A separate, non-conforming Cottage (Unit C) includes 1 bedroom and 1 bath, creating an additional income stream. Ideally located in one of Traverse City's most desirable in-town neighborhoods at the base of Old Mission Peninsula, the property is just two blocks from East Bay Beach, with convenient access to Northern Michigan College, Eastern Elementary, Central High School, downtown Traverse City, shopping, restaurants, beaches, and the TART Trail. Whether you're looking to expand your investment portfolio or convert the duplex back to a single-family home, this is an exceptional opportunity in a highly sought-after location.

3 Baths ⋅ 1947705 MLS

Excellent Investment Opportunity at the Base of Old Mission Peninsula! This well-maintained duplex offers outstanding income potential with a proven rental history and current gross rental income of $4,790 per month. The property features three income-producing units, providing flexibility for investors or those seeking an owner-occupied opportunity. The duplex can also be converted back to a single-family home. Unit A (Main Level) offers 3 bedrooms, 1 bath, and an attached two-car garage. Unit B (Upper Level) features 2 bedrooms, 1 bath, in-unit laundry, and a private deck. A separate, non-conforming Cottage (Unit C) includes 1 bedroom and 1 bath, creating an additional income stream. Ideally located in one of Traverse City's most desirable in-town neighborhoods at the base of Old Mission Peninsula, the property is just two blocks from East Bay Beach, with convenient access to Northern Michigan College, Eastern Elementary, Central High School, downtown Traverse City, shopping, restaurants, beaches, and the TART Trail. Whether you're looking to expand your investment portfolio or convert the duplex back to a single-family home, this is an exceptional opportunity in a highly sought-after location.

316 Huron Street, Traverse City

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