Real Estate Investment Properties for Sale in Bear Lake, MI

Looking for investment property in Bear Lake, MI with high ROI ?

Explore a variety of short-term homes & houses in Bear Lake, MI. Invest wisely with VRBO & Bear Lake, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Bear Lake, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6712 Lumley Rd Bear Lake, MI Embrace the ultimate Northern Michigan lifestyle with this delightful two-bedroom, one-bat...	2 beds \| 1 baths \| 1,400 sq.ft.	$270,000	Airbnb cash on cash: 3.73% Traditional cash on cash: 3.77% Airbnb Rental Income: $2026 Traditional Rental Income: $1509 Airbnb ROI: 3.73% Traditional ROI: 3.77%
13200 Hopkins Forest Dr Bear Lake, MI Enjoy ideal main-floor living in this updated 3-bed, 3-bath ranch just steps from Bear Lak...	3 beds \| 3 baths \| 2,094 sq.ft.	$409,000	Airbnb cash on cash: 1.77% Traditional cash on cash: 4.16% Airbnb Rental Income: $2144 Traditional Rental Income: $2511 Airbnb ROI: 1.77% Traditional ROI: 4.16%
11518 Chippewa Hwy Bear Lake, MI Welcome to this spacious 4-bedroom, 2-bath home on 3 beautiful wooded acres just south of ...	4 beds \| 2 baths \| 2,171 sq.ft.	$289,000	Airbnb cash on cash: 5.56% Traditional cash on cash: 6.12% Airbnb Rental Income: $2726 Traditional Rental Income: $2235 Airbnb ROI: 5.56% Traditional ROI: 6.12%
12182 Maple St Bear Lake, MI Two Blocks to BEAR LAKE Beach, get ready for Lake living! This classic Victorian home is ...	4 beds \| 2 baths \| 1,856 sq.ft.	$225,000	Airbnb cash on cash: 7.55% Traditional cash on cash: 7.31% Airbnb Rental Income: $2726 Traditional Rental Income: $2031 Airbnb ROI: 7.55% Traditional ROI: 7.31%
13625 Potter Rd Bear Lake, MI This charming ranch is perfect for those seeking a simpler way of life. 3 bed and 2 bath h...	3 beds \| 2 baths \| 1,546 sq.ft.	$335,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 3.99% Airbnb Rental Income: $2144 Traditional Rental Income: $2144 Airbnb ROI: 2.26% Traditional ROI: 3.99%
5859 Potter Rd Bear Lake, MI SO MUCH HOME FOR THE MONEY! Priced to reflect 2024 appraisal. This newer custom ranch home...	4 beds \| 3 baths \| 7,374 sq.ft.	$1,450,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 1.87% Airbnb Rental Income: $2726 Traditional Rental Income: $4704 Airbnb ROI: -0.07% Traditional ROI: 1.87%
12195 Maple St Bear Lake, MI Old time charm inside the quaint Village of Bear Lake. This two-story home has 3 bedrooms ...	3 beds \| 1 baths \| 1,393 sq.ft.	$249,900	Airbnb cash on cash: 4.6% Traditional cash on cash: 3.44% Airbnb Rental Income: $2144 Traditional Rental Income: $1325 Airbnb ROI: 4.6% Traditional ROI: 3.44%
8110 Ames Rd Bear Lake, MI This isn't just a property... it's a rare, head-turning opportunity that almost never hits...	3 beds \| 2 baths \| 1,905 sq.ft.	$727,500	Airbnb cash on cash: 0.66% Traditional cash on cash: 1.65% Airbnb Rental Income: $2144 Traditional Rental Income: $2272 Airbnb ROI: 0.66% Traditional ROI: 1.65%
15049 Healy Lake Rd Bear Lake, MI The Up North location you've been looking for! Bear Creek frontage, acreage, cabins, woods...	3 beds \| 2 baths \| 1,943 sq.ft.	$525,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 2.25% Airbnb Rental Income: $2144 Traditional Rental Income: $1969 Airbnb ROI: 1.5% Traditional ROI: 2.25%
10653 Milarch Rd Bear Lake, MI Embrace the ultimate Northwest Lower Michigan lifestyle! Located near pristine Lake Michig...	2 beds \| 2 baths \| 1,808 sq.ft.	$569,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 2.68% Airbnb Rental Income: $2026 Traditional Rental Income: $2356 Airbnb ROI: 1.07% Traditional ROI: 2.68%
6620 Potter Rd Bear Lake, MI Wonderful corner lot with beautiful landscaping that has many flowering all season. The wi...	3 beds \| 2 baths \| 1,144 sq.ft.	$185,000	Airbnb cash on cash: 7.3% Traditional cash on cash: 9.09% Airbnb Rental Income: $2144 Traditional Rental Income: $1912 Airbnb ROI: 7.3% Traditional ROI: 9.09%
L Chief Rd Bear Lake, MI Chief L Rd, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$89,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 3.86% Airbnb Rental Income: $885 Traditional Rental Income: $646 Airbnb ROI: 2.74% Traditional ROI: 3.86%
B Chief Rd Bear Lake, MI Chief ''b'' Rd, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$89,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 2.68% Airbnb Rental Income: $885 Traditional Rental Income: $543 Airbnb ROI: 2.74% Traditional ROI: 2.68%
Twelfth St Bear Lake, MI Twelfth St, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: 6.5% Traditional cash on cash: 8.24% Airbnb Rental Income: $885 Traditional Rental Income: $637 Airbnb ROI: 6.5% Traditional ROI: 8.24%
7909 11 Mile Rd Bear Lake, MI 7909 11 Mile Rd, Bear Lake, MI 49614 \| Single Family Residential	8 beds \| N/A baths \| 3,200 sq.ft.	$549,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.27% Airbnb Rental Income: $null Traditional Rental Income: $2042 Airbnb ROI: N/A Traditional ROI: 1.27%
11875 Milarch Rd Bear Lake, MI Charming farmhouse on nearly 1.6 acres in the heart of Manistee County. This spacious 3-be...	3 beds \| 1 baths \| 1,458 sq.ft.	$249,000	Airbnb cash on cash: 3.88% Traditional cash on cash: 3.93% Airbnb Rental Income: $2144 Traditional Rental Income: $1611 Airbnb ROI: 3.88% Traditional ROI: 3.93%
3528 Potter Rd Bear Lake, MI Welcome to your true up north retreat. Nestled on 47 private acres in the historic lakesid...	4 beds \| 2 baths \| 2,813 sq.ft.	$878,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 1.25% Airbnb Rental Income: $2726 Traditional Rental Income: $3184 Airbnb ROI: -0.1% Traditional ROI: 1.25%
Sadie Ln #Parcel 'D' Bear Lake, MI Sadie Ln, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$92,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 3.68% Airbnb Rental Income: $885 Traditional Rental Income: $647 Airbnb ROI: 2.58% Traditional ROI: 3.68%
Bellefleur Dr #14 Bear Lake, MI Bellefleur Dr #14, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$55,000	Airbnb cash on cash: 5.72% Traditional cash on cash: 7.53% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 5.72% Traditional ROI: 7.53%
Bair Ave Bear Lake, MI Bair Ave, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$490,000	Airbnb cash on cash: -1.53% Traditional cash on cash: -1.3% Airbnb Rental Income: $885 Traditional Rental Income: $654 Airbnb ROI: -1.53% Traditional ROI: -1.3%
13195 Pak Rd Bear Lake, MI One-of-a-kind country retreat on 2.11 scenic acres! This unique home features a striking o...	2 beds \| 1 baths \| 998 sq.ft.	$261,000	Airbnb cash on cash: 3.96% Traditional cash on cash: 4.92% Airbnb Rental Income: $2026 Traditional Rental Income: $1736 Airbnb ROI: 3.96% Traditional ROI: 4.92%
11369 Milarch Rd Bear Lake, MI Escape to your own private Northern Michigan retreat with this beautiful 11.58-acre wooded...	1 beds \| 2 baths \| 1,344 sq.ft.	$219,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 6.1% Airbnb Rental Income: $1088 Traditional Rental Income: $1888 Airbnb ROI: 0.48% Traditional ROI: 6.1%
14200 Plagany Rd Bear Lake, MI	5 beds \| 1 baths \| 1,511 sq.ft.	$429,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.25% Airbnb Rental Income: $null Traditional Rental Income: $1595 Airbnb ROI: N/A Traditional ROI: 2.25%
7812 Main St Bear Lake, MI 7812 Main St, Bear Lake, MI 49614 \| Single Family Residential	6 beds \| 5 baths \| 6,438 sq.ft.	$549,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $5057 Airbnb ROI: N/A Traditional ROI: 7.15%
13195 Pak Rd Lot : 6 Bear Lake, MI 13195 Pak Rd Lot : 6, Bear Lake, MI 49614 \| Single Family Residential	2 beds \| 1 baths \| 998 sq.ft.	$261,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 3.23% Airbnb Rental Income: $2026 Traditional Rental Income: $1510 Airbnb ROI: 3.19% Traditional ROI: 3.23%
9163 Elsie Ave Bear Lake, MI 2026 Dutch Aspire Farmhouse style mobile home located in Kampvilla RV Park. This 3 bedroom...	3 beds \| 2 baths \| 1,200 sq.ft.	$115,000	Airbnb cash on cash: 5.04% Traditional cash on cash: 6.22% Airbnb Rental Income: $2144 Traditional Rental Income: $1729 Airbnb ROI: 5.04% Traditional ROI: 6.22%
Sadie Ln #Parcel 'F' Bear Lake, MI Sadie Ln #Parcel 'F', Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$64,900	Airbnb cash on cash: 4.57% Traditional cash on cash: 6.12% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 4.57% Traditional ROI: 6.12%
Sadie Ln #Parcel 'G' Bear Lake, MI Sadie Ln #Parcel 'G', Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$64,900	Airbnb cash on cash: 4.57% Traditional cash on cash: 6.12% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 4.57% Traditional ROI: 6.12%
Sadie Ln #Parcel ''I'' Bear Lake, MI Sadie Ln #Parcel ''I'', Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$110,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 2.72% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 1.78% Traditional ROI: 2.72%
Sadie Ln #Parcel ''E'' Bear Lake, MI Sadie Ln #Parcel ''E'', Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$64,900	Airbnb cash on cash: 4.57% Traditional cash on cash: 6.12% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 4.57% Traditional ROI: 6.12%
Sadie Ln #Parcel 'C' Bear Lake, MI Sadie Ln #Parcel 'C', Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$64,900	Airbnb cash on cash: 4.57% Traditional cash on cash: 6.12% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 4.57% Traditional ROI: 6.12%
Sadie Ln #Parcel 'H' Bear Lake, MI Sadie Ln #Parcel 'H', Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$79,000	Airbnb cash on cash: 3.38% Traditional cash on cash: 4.67% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 3.38% Traditional ROI: 4.67%
7.91 Butwell Rd Bear Lake, MI 7.91 Butwell Rd, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: 2.2% Traditional cash on cash: 3.23% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 2.2% Traditional ROI: 3.23%
V/L Spruce Ridge Rd Bear Lake, MI V/L Spruce Ridge Rd, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: -0.12% Traditional cash on cash: 0.41% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: -0.12% Traditional ROI: 0.41%
5.67 Acres Norconk Rd Bear Lake, MI 5.67 Acres Norconk Rd, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$69,900	Airbnb cash on cash: 4.08% Traditional cash on cash: 5.53% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 4.08% Traditional ROI: 5.53%
7.91 Acres Butwell Rd Bear Lake, MI 7.91 Acres Butwell Rd, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: 2.2% Traditional cash on cash: 3.23% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 2.2% Traditional ROI: 3.23%
M Chief Rd Bear Lake, MI M Chief Rd, Bear Lake, MI 49614 \| Other	N/A beds \| N/A baths \| N/A	$89,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 3.9% Airbnb Rental Income: $885 Traditional Rental Income: $649 Airbnb ROI: 2.74% Traditional ROI: 3.9%
7378 Chief Rd Bear Lake, MI Discover this multi-unit investment property in Bear Lake, Michigan, featuring a substanti...	N/A beds \| N/A baths \| N/A	$389,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 2.57% Airbnb Rental Income: $885 Traditional Rental Income: $1636 Airbnb ROI: -0.41% Traditional ROI: 2.57%
8671 13 Mile Rd Bear Lake, MI Great home with a private setting in Bear Lake within 1 mile of Bear lake access. This lar...	3 beds \| 2 baths \| 2,040 sq.ft.	$341,500	Airbnb cash on cash: 3.21% Traditional cash on cash: 7.01% Airbnb Rental Income: $2144 Traditional Rental Income: $2817 Airbnb ROI: 3.21% Traditional ROI: 7.01%
7651 Main St Bear Lake, MI Property will be Active on Tuesday 7/14/26. Small town living, with Bear Lake views. Bear ...	2 beds \| 1 baths \| 1,058 sq.ft.	$289,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 4.24% Airbnb Rental Income: $2026 Traditional Rental Income: $1632 Airbnb ROI: 3.75% Traditional ROI: 4.24%

Real Estate investment in Bear-lake, MI

There are 56 properties for sale in the city of Bear Lake . The median list price in Bear Lake is $205,000 and the average price per square foot is $106. In August 2026, the average monthly cash on cash return in Bear Lake is 4.00%. The average monthly rental income in Bear Lake is $1,464.

Bear-lake, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 56 investment properties available for sale in Bear-lake.

In 2026, the best neighborhood to buy investment property is Bear Lake.

The ROI for Long-Term is higher than the Short-Term in Bear-lake with average rental income of $1,464.

Your search for investment property begins and ends here

Investment Property for Sale in Bear Lake, MI

6712 Lumley Rd

Bear Lake, MI

2 beds | 1 baths | 1,400 sq.ft.

$270,000

Airbnb cash on cash: 3.73%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $2026

Traditional Rental Income: $1509

Airbnb ROI: 3.73%

Traditional ROI: 3.77%

13200 Hopkins Forest Dr

Bear Lake, MI

3 beds | 3 baths | 2,094 sq.ft.

$409,000

Airbnb cash on cash: 1.77%

Traditional cash on cash: 4.16%

Airbnb Rental Income: $2144

Traditional Rental Income: $2511

Airbnb ROI: 1.77%

Traditional ROI: 4.16%

11518 Chippewa Hwy

Bear Lake, MI

4 beds | 2 baths | 2,171 sq.ft.

$289,000

Airbnb cash on cash: 5.56%

Traditional cash on cash: 6.12%

Airbnb Rental Income: $2726

Traditional Rental Income: $2235

Airbnb ROI: 5.56%

Traditional ROI: 6.12%

12182 Maple St

Bear Lake, MI

4 beds | 2 baths | 1,856 sq.ft.

$225,000

Airbnb cash on cash: 7.55%

Traditional cash on cash: 7.31%

Airbnb Rental Income: $2726

Traditional Rental Income: $2031

Airbnb ROI: 7.55%

Traditional ROI: 7.31%

13625 Potter Rd

Bear Lake, MI

3 beds | 2 baths | 1,546 sq.ft.

$335,000

Airbnb cash on cash: 2.26%

Traditional cash on cash: 3.99%

Airbnb Rental Income: $2144

Traditional Rental Income: $2144

Airbnb ROI: 2.26%

Traditional ROI: 3.99%

5859 Potter Rd

Bear Lake, MI

4 beds | 3 baths | 7,374 sq.ft.

$1,450,000

Airbnb cash on cash: -0.07%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $2726

Traditional Rental Income: $4704

Airbnb ROI: -0.07%

Traditional ROI: 1.87%

12195 Maple St

Bear Lake, MI

3 beds | 1 baths | 1,393 sq.ft.

$249,900

Airbnb cash on cash: 4.6%

Traditional cash on cash: 3.44%

Airbnb Rental Income: $2144

Traditional Rental Income: $1325

Airbnb ROI: 4.6%

Traditional ROI: 3.44%

8110 Ames Rd

Bear Lake, MI

3 beds | 2 baths | 1,905 sq.ft.

$727,500

Airbnb cash on cash: 0.66%

Traditional cash on cash: 1.65%

Airbnb Rental Income: $2144

Traditional Rental Income: $2272

Airbnb ROI: 0.66%