Multifamily Commercial Real Estate in Michigan

Browse 195 multifamily properties in Michigan (MI) with an average asking rent of $20 per SF, an average asking sale price of $258 per SF, and an average size of 6,155 SF.

Current Inventory195
Average Available Size6,155 SF
Total Available Size86,167 SF
Average Asking Price—
Linwood Residence listing image
Sale HealthcareMultifamily

Linwood Residence

200 4th St, Linwood, MI 48634

  • $575K
  • 6,000 SF building
  • 0 ac

Linwood Residence is an approximately 6,000-square-foot, single-story special-purpose property offered for sale at 200 4th St, Linwood, Michigan. The masonry building is configured as two wings of approximately 3,000 square feet each and includes 15 bedrooms, two kitchens, accessible bathing facilities, common living areas, laundry hookups and separately served mechanical systems.Formerly used as a convent and licensed care facility, the property may support adult foster care, senior housing, supportive housing, recovery housing, nonprofit and community-service operations, subject to applicable approvals. The two-wing layout may also accommodate multi-generational living, owner-occupancy or a residential duplex strategy, subject to municipal approval and confirmation of legal unit status.Each wing has its own heating, cooling and water-heating systems. Additional features include walk-in ADA showers in both wings, an expanded meal-preparation kitchen, updated furnaces, fresh paint, new carpeting and a Generac backup generator system reported to serve most of the building. An interior courtyard with a covered outdoor gathering area is also included.The property is located in Bay County’s Linwood community, with access to M-13, I-75, Bay City and the greater Tri-City area. The property is zoned R-3, Multiple Family Residential. Proposed uses, zoning, occupancy, licensing, building-code compliance, legal unit status and generator coverage should be independently verified by the buyer. Three buyer paths: Specialized care and senior housing, group housing and community services, or residential duplex useOperational scale: Fifteen bedrooms are divided between two approximately 3,000 SF wingsAccessible infrastructure: Both wings include walk-in ADA showers within a single-story layoutIndependent systems: Each wing has separate heating, cooling, water heating, kitchen, and laundry supportBackup power: Generac generator system installed in 2012; seller reports it serves the majority of the building during outages

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2138 N Carolina listing image
Sale Multifamily

2138 N Carolina

2138 N Carolina St, Saginaw, MI 48602

  • $389K
  • 32,682 SF building
  • 4 ac

PRICE REDUCED! City approved senior care zoning.38 Bed Facility with room for another 12 Condos!50 beds possible.Plans and drawings ready for pickup.Campus-like setting.

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114 N Washington Street listing image
Sale RetailMultifamily

114 N Washington Street

114 N Washington St, Owosso, MI 48867

  • $345K
  • 2,508 SF building
  • 0 ac

114 N. Washington Street is a mixed-use property in Downtown Owosso’s Central Business District, offering approximately 2,508 square feet of commercial and residential space. The highly visible storefront includes original-style tin ceilings and updated interior finishes suitable for retail, professional, or specialty business use.The property includes two updated apartments, both currently occupied by tenants, along with a full basement providing additional space for storage, inventory, workshop use, or other business needs. Building features include central air conditioning, forced-air heat, a flat roof, two parking spaces, and public water and sanitary sewer service.Located on the main block of Downtown Owosso, the property is near restaurants, shops, community events, and other downtown amenities. Owosso is designated as a Michigan Main Street community. The business currently operating at the property is also available for purchase separately, providing the option to acquire the real estate, the business, or both.

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231 SB Gratiot listing image
Sale OfficeMultifamily

231 SB Gratiot

231 Southbound Gratiot Ave, Mount Clemens, MI 48043

  • $199K
  • 2,706 SF building
  • 0 ac

Best suited for buyers seeking a value-added project. 2,706 SF with 1 car garage and basement. Formerly used as an accounting office with potential for conversion to multi-tenant office, retail or residential. Current MU multi use zoning. Remodel and reuse or reconfigure for residential apartments. Frontage on NB and SB Gratiot. Includes additional lot for future expansion. Ideal for renovation-minded purchasers2,706 SF 2 story with basement and garage.Previously used as an accounting office.Strong potential for residential conversion.Includes additional vacant lot for future useNewer roof and boiler

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No image available
Sale Multifamily

Mayfair Townhomes

24949 Mayfair St, Flat Rock, MI 48134

  • 9 ac

87-Unit Townhome Community: Well-maintained asset offering scale, operational efficiency, and consistent rental incomeAcross from Ford Motor Company Flat Rock Assembly Plant | Immediate I-75 Access: Prime location near a major employment hub with strong regional connectivity to Detroit and surrounding areasRecent Unit Upgrades Completed: Numerous interior improvements over the past 12 months, enhancing tenant appeal and reducing near-term capital needsAttractive Townhome-Style Unit Mix: Spacious layouts with private entrances support strong occupancy and tenant retentionRUBS Implementation Opportunity: Ability to increase NOI through utility cost recoveryClose to Downtown Flat Rock Amenities: Convenient access to local shopping, dining, and services

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No image available
Sale Multifamily

Jackson MI Portfolio

235 W Washington Ave, Jackson, MI 49201

  • $1.1M
  • 0 ac

Historically 95% OccupiedValue-Add Opportunity - Protentional to increase NOI by increasing rents and implementing a RUBSLocated in a Opportunity Zone and Downtown Jackson23 Rentable Units with 5 GaragesHigh Rental DemandNear major employers including Consumers Energy, CMS Energy, and MiraMed

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