$389,900
Bear Lake, MI 49614
MLS# 26034564
1 / 56
Property Description
Discover this multi-unit investment property in Bear Lake, Michigan, featuring a substantial lot spanning nearly 75,000 square feet. This 2 to 4 unit property presents an excellent opportunity for investors seeking to diversify their real estate portfolio with multiple revenue streams. The generous land size provides flexibility for future development or expansion considerations. Positioned in the Bear Lake area, this property offers potential for long-term appreciation and sustained income generation. Whether you're an experienced investor or expanding your holdings, this multi-unit offering warrants serious consideration.
Details
Maps
Location & Property Info
Cross Streets: 8 Mile
Property Sub-Type: 2 to 4 Units
Municipality: Bear Lake Twp
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 150x308
Road Frontage: 150
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Parking Spaces: 6
School District: Onekama
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 74923
Lot Acres: 1.72
Year Built: 1900
Tax Info
Taxable Value: 53512
SEV: 191800
For Tax Year: 2025
Seller's Annual Property Tax: 2555
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: unknown
Zoning: Residential
Tax ID #: 02-034-400-07
Remarks & Misc
Public Remarks: Discover this multi-unit investment property in Bear Lake, Michigan, featuring a substantial lot spanning nearly 75,000 square feet. This 2 to 4 unit property presents an excellent opportunity for investors seeking to diversify their real estate portfolio with multiple revenue streams. The generous land size provides flexibility for future development or expansion considerations. Positioned in the Bear Lake area, this property offers potential for long-term appreciation and sustained income generation. Whether you're an experienced investor or expanding your holdings, this multi-unit offering warrants serious consideration.
Legal: PT NE 1/4 OF SE 1/4 LYING N OF M + NE RR R/W, COM 280 FT N OF N RAIL RR ALG E LI OF SD 1/4, W PARA WITH RR R/W 300 FT, S TO N RR R/W, E ALG N RR R/W TO E LI OF SD 1/4, N TO POB. SEC 34 T23N R15W. 1.72 A*M/L. SALE(80) 6391 0306-9, 23-4 1391 0327
Lot Description
Level: 1
Street Type
Paved: 1
Util Avail at Street
Electricity Available: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Septic Tank: 1
Water
Private Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
No: 1
Laundry Features
Main Level: 1
Exterior Material
Block: 1
Wood Siding: 1
Other: 1
Roofing
Composition: 1
Rubber: 1
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Hot Water: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: Yes
Accessibility Feat
Covered Entrance: 1
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Driveway
Gravel: 1
Unpaved: 1
Substructure
Crawl Space: 1
Michigan Basement: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
None: 1
Unit 1
Unit #: 1
Unit Description: House
Occupied: Yes
Monthly Rent: 1200
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Unit 2
Unit #: 2
Unit Description: Middle
Identical Units: 2
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: North unit
Identical Units: 2
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Manistee
Street #: 7378
Street Name: Chief
Suffix: Road
State: MI
Zip Code: 49614
OfficeContract Info
Status: Active
Current Price: $389,900
List Price: $389,900
Listing Date: 2026-07-01
Remarks Misc
Directions: IS 31 To 8 Mile, East to Chief, South to home.
Property Features
Laundry Features: Main Level
Accessibility Feat: Covered Entrance
Exterior Material: Block; Wood Siding; Other
Roofing: Composition; Rubber; Other
Substructure: Crawl Space; Michigan Basement
Lot Description: Level
Sewer: Septic Tank
Water: Private Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: None
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air; Hot Water
Air Conditioning: None
Driveway: Gravel; Unpaved
Street Type: Paved
Mineral Rights: No
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Listing Office: Coldwell Banker ALM REALTY
Listing Agent: Brenda Cronan
Last Updated: July - 08 - 2026
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