$497,000

5692 N US 31 Highway, Levering MI, 49755

Price per sqft$104.21

Built in1971

Property size4,769 sqft

Property typeCommercial

Overview

Active

Listed Sep 21, 2026

Updated 2 weeks ago

Income-producing 13-unit apartment property currently fully rented and operating as long-term efficiency apartments. Formerly operated as a motel, the property offers an established rental history with 11 studio-style units, a larger corner unit, and an attached house/office. Additional features include on-site laundry, paved parking, approximately 1.1 acres, B-2 commercial zoning, well and septic. Located along US-31 in Levering with convenient access to Pellston, Petoskey, Mackinaw City and surrounding Northern Michigan communities. An opportunity to acquire an established income-producing property with potential for future improvements and continued rental growth. Financial information available to qualified buyers upon request.

Additional information

MLS^® ID: 480854

Interior Features

Bedrooms: 15
Bathrooms: 13
Heating: Yes
Basement: No

Other Property Details

Taxes: $4,769
Tax Frequency: Annually
Municipality: McKinley

Also listed on NMMLS

Listed by Mandi Maghakian with @properties Christie's International Real Estate - Petoskey
Listing Contact: OFFICE: 231-881-9400

The IDX display contains information sourced from the Emmet Association of REALTORS® as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/2/2026 at 3:39 AM UTC