Real Estate Investment Properties for Sale in Manistique, MI

Looking for investment property in Manistique, MI with high ROI ?

Explore a variety of short-term homes & houses in Manistique, MI. Invest wisely with VRBO & Manistique, 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 Manistique, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5343 Michibay Dr Manistique, MI Experience unparalleled luxury and tranquility in this exquisite 5 bed/4.5 bath home, perc...	5 beds \| 4 baths \| 8,200 sq.ft.	$2,495,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.66% Airbnb Rental Income: $null Traditional Rental Income: $5009 Airbnb ROI: N/A Traditional ROI: 0.66%
1522 N Country Club Dr Manistique, MI Experience refined modern living in this stunning 2025 custom-built home, ideally situated...	3 beds \| 2 baths \| 1,900 sq.ft.	$699,900	Airbnb cash on cash: 0.72% Traditional cash on cash: 3.27% Airbnb Rental Income: $1744 Traditional Rental Income: $2928 Airbnb ROI: 0.72% Traditional ROI: 3.27%
1663 N Wawaushnosh Dr Manistique, MI Exceptionally well maintained full log home with direct frontage on beautiful Indian Lake....	4 beds \| 3 baths \| 1,941 sq.ft.	$950,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 0.89% Airbnb Rental Income: $1952 Traditional Rental Income: $3121 Airbnb ROI: -1.01% Traditional ROI: 0.89%
1522 N Country Dr Manistique, MI 1522 N Country Club Dr, Manistique, MI 49854 \| Single Family Residential	3 beds \| 2 baths \| 1,900 sq.ft.	$699,900	Airbnb cash on cash: -0.73% Traditional cash on cash: 0.83% Airbnb Rental Income: $1744 Traditional Rental Income: $2283 Airbnb ROI: -0.73% Traditional ROI: 0.83%
W Smith Lake Dr Manistique, MI	N/A beds \| N/A baths \| 0 sq.ft.	$75,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 8.38% Airbnb Rental Income: $807 Traditional Rental Income: $912 Airbnb ROI: 2.6% Traditional ROI: 8.38%
737 East Lakeshore Dr Manistique, MI 737 East Lakeshore Dr, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$450,000	Airbnb cash on cash: -1.6% Traditional cash on cash: -0.2% Airbnb Rental Income: $807 Traditional Rental Income: $1073 Airbnb ROI: -1.6% Traditional ROI: -0.2%
W Barque Trl Manistique, MI W Barque Trl, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 4.23% Airbnb Rental Income: $807 Traditional Rental Income: $903 Airbnb ROI: 0.74% Traditional ROI: 4.23%
TBD Hemlock Trl Manistique, MI TBD Hemlock View Trl, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$59,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 11.02% Airbnb Rental Income: $807 Traditional Rental Income: $912 Airbnb ROI: 3.79% Traditional ROI: 11.02%
000 W Smith Lake Dr Manistique, MI TBD W Smith Dr, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| 1,272 sq.ft.	$75,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 10.97% Airbnb Rental Income: $807 Traditional Rental Income: $1104 Airbnb ROI: 2.6% Traditional ROI: 10.97%
6838 W US2 Hwy Manistique, MI 6838 W US Hwy 2 Hwy, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$350,000	Airbnb cash on cash: -1.34% Traditional cash on cash: -0.06% Airbnb Rental Income: $807 Traditional Rental Income: $903 Airbnb ROI: -1.34% Traditional ROI: -0.06%
8671 M-94 Rd Manistique, MI TBD M-94 Lot D Rd, Shingleton, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$134,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 3.79% Airbnb Rental Income: $807 Traditional Rental Income: $903 Airbnb ROI: 0.53% Traditional ROI: 3.79%
Condo 101 Marina Dr #101 Manistique, MI Introducing a brand-new waterfront condominium development in Manistique, now available in...	2 beds \| 2 baths \| 1,050 sq.ft.	$450,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 2.81% Airbnb Rental Income: $1586 Traditional Rental Income: $2341 Airbnb ROI: -0.06% Traditional ROI: 2.81%
Condo 403 Marina Dr #403 Manistique, MI Introducing a brand-new condominium development in Manistique, now available in its early ...	2 beds \| 2 baths \| 1,050 sq.ft.	$600,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 1.49% Airbnb Rental Income: $1586 Traditional Rental Income: $2343 Airbnb ROI: -0.67% Traditional ROI: 1.49%
W Smith Dr Manistique, MI	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 8.26% Airbnb Rental Income: $807 Traditional Rental Income: $903 Airbnb ROI: 2.6% Traditional ROI: 8.26%
Condo 201 Marina Dr #201 Manistique, MI Introducing a brand-new waterfront condominium development in Manistique, now available in...	2 beds \| 2 baths \| 1,050 sq.ft.	$465,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 4.06% Airbnb Rental Income: $1586 Traditional Rental Income: $2343 Airbnb ROI: 1.28% Traditional ROI: 4.06%
Condo 304 Marina Dr #304 Manistique, MI Introducing a brand-new waterfront condominium development in Manistique, now available in...	2 beds \| 2 baths \| 1,050 sq.ft.	$575,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 3.1% Airbnb Rental Income: $1586 Traditional Rental Income: $2338 Airbnb ROI: 0.85% Traditional ROI: 3.1%
tbd Peninsula Acres Rd Manistique, MI tbd Peninsula Acres Rd, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$224,500	Airbnb cash on cash: -0.68% Traditional cash on cash: 1.29% Airbnb Rental Income: $807 Traditional Rental Income: $903 Airbnb ROI: -0.68% Traditional ROI: 1.29%
TBD N Cedar St Manistique, MI TBD N Cedar St, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$235,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 1.12% Airbnb Rental Income: $807 Traditional Rental Income: $903 Airbnb ROI: -0.76% Traditional ROI: 1.12%
93 County Road 441 Manistique, MI A one of a kind UP waterfront property. Set along the shores of beautiful Indian Lake near...	4 beds \| 3 baths \| 3,156 sq.ft.	$749,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 3.53% Airbnb Rental Income: $1952 Traditional Rental Income: $3580 Airbnb ROI: 0.46% Traditional ROI: 3.53%
9640 W Dusty Ln Manistique, MI This cute and cozy 2 bedroom home sits on a quiet residential street just a stone's throw ...	2 beds \| 1 baths \| 672 sq.ft.	$119,900	Airbnb cash on cash: 7.88% Traditional cash on cash: 10.64% Airbnb Rental Income: $1586 Traditional Rental Income: $1452 Airbnb ROI: 7.88% Traditional ROI: 10.64%
1356 W Kendall Rd Manistique, MI Country living made easy! Nestled in a peaceful neighborhood just moments from the heart o...	3 beds \| 1 baths \| 1,220 sq.ft.	$145,000	Airbnb cash on cash: 5.93% Traditional cash on cash: 9.52% Airbnb Rental Income: $1744 Traditional Rental Income: $1763 Airbnb ROI: 5.93% Traditional ROI: 9.52%
7887 W M94 Hwy Manistique, MI 7887 W M94 Hwy, Manistique, MI 49854 \| Single Family Residential	N/A beds \| 1 baths \| 3,416 sq.ft.	$69,950	Airbnb cash on cash: 3.14% Traditional cash on cash: 8.9% Airbnb Rental Income: $807 Traditional Rental Income: $883 Airbnb ROI: 3.14% Traditional ROI: 8.9%
TBD County Road 441 Rd Manistique, MI TBD County Road 441 Rd, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$95,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 6.39% Airbnb Rental Income: $807 Traditional Rental Income: $916 Airbnb ROI: 1.72% Traditional ROI: 6.39%
River Rd Manistique, MI River Rd, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$115,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 4.9% Airbnb Rental Income: $807 Traditional Rental Income: $916 Airbnb ROI: 1.01% Traditional ROI: 4.9%
375 Acres M-94 Hwy Manistique, MI 375 Acres M-94 Hwy, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$897,500	Airbnb cash on cash: -2.06% Traditional cash on cash: -1.55% Airbnb Rental Income: $807 Traditional Rental Income: $916 Airbnb ROI: -2.06% Traditional ROI: -1.55%
57 Acres M-94 Hwy Manistique, MI 57 Acres M-94 Hwy, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$142,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 3.54% Airbnb Rental Income: $807 Traditional Rental Income: $916 Airbnb ROI: 0.36% Traditional ROI: 3.54%
184 Acres M-94 Hwy Manistique, MI 184 Acres M-94 Hwy, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$400,000	Airbnb cash on cash: -1.48% Traditional cash on cash: -0.34% Airbnb Rental Income: $807 Traditional Rental Income: $912 Airbnb ROI: -1.48% Traditional ROI: -0.34%
70 Acres M-94 Hwy Manistique, MI 70 Acres M-94 Hwy, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$195,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 1.91% Airbnb Rental Income: $807 Traditional Rental Income: $912 Airbnb ROI: -0.4% Traditional ROI: 1.91%
64 Acres M-94 Hwy Manistique, MI 64 Acres M-94 Hwy, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$160,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 2.85% Airbnb Rental Income: $807 Traditional Rental Income: $912 Airbnb ROI: 0.05% Traditional ROI: 2.85%
TBD US 2 Hwy Manistique, MI TBD US 2 Hwy, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$975,000	Airbnb cash on cash: -2.1% Traditional cash on cash: -1.63% Airbnb Rental Income: $807 Traditional Rental Income: $912 Airbnb ROI: -2.1% Traditional ROI: -1.63%
11728 W FF 2217 Rd Manistique, MI An incredibly rare offering for discerning outdoor enthusiasts, privacy seekers, or those ...	3 beds \| 2 baths \| 1,502 sq.ft.	$775,000	Airbnb cash on cash: -0.91% Traditional cash on cash: 0.47% Airbnb Rental Income: $1744 Traditional Rental Income: $2257 Airbnb ROI: -0.91% Traditional ROI: 0.47%
Lots A, B, & C US2 Hwy Manistique, MI Lots A, B, & C US2 Hwy, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$319,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 0.21% Airbnb Rental Income: $807 Traditional Rental Income: $912 Airbnb ROI: -1.22% Traditional ROI: 0.21%
6789 W US 2 Hwy Manistique, MI 6789 W US 2 Hwy, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$289,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 0.49% Airbnb Rental Income: $807 Traditional Rental Income: $912 Airbnb ROI: -1.09% Traditional ROI: 0.49%
410 Intake Rd Manistique, MI This beautifully remodeled 2-bedroom, 1-bath home with an attached garage offers the conve...	2 beds \| 1 baths \| 728 sq.ft.	$134,000	Airbnb cash on cash: 5.57% Traditional cash on cash: 6.77% Airbnb Rental Income: $1586 Traditional Rental Income: $1287 Airbnb ROI: 5.57% Traditional ROI: 6.77%
5109 N River Rd Manistique, MI HERE IS YOUR UP NORTH RETREAT!!!!! Nestled among majestic pines this Beautiful home has Sp...	3 beds \| 2 baths \| 1,388 sq.ft.	$750,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 0.42% Airbnb Rental Income: $1744 Traditional Rental Income: $2154 Airbnb ROI: -0.85% Traditional ROI: 0.42%
124 E Elk St Manistique, MI 124 E Elk St, Manistique, MI 49854 \| Single Family Residential	6 beds \| 3 baths \| 3,126 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.56% Airbnb Rental Income: $null Traditional Rental Income: $3118 Airbnb ROI: N/A Traditional ROI: 8.56%
TBD Hemlock Views Trl Lot 21 & 22 Manistique, MI TBD Hemlock Views Trl Lot 21 & 22, Manistique, MI 49854 \| Other	N/A beds \| N/A baths \| N/A	$59,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 11.02% Airbnb Rental Income: $807 Traditional Rental Income: $912 Airbnb ROI: 3.79% Traditional ROI: 11.02%
5623 W River Rd Manistique, MI Sitting in a great rural location that remains close to all the amenities offered in town ...	4 beds \| 2 baths \| 2,458 sq.ft.	$274,500	Airbnb cash on cash: 3.85% Traditional cash on cash: 10.48% Airbnb Rental Income: $1952 Traditional Rental Income: $3153 Airbnb ROI: 3.85% Traditional ROI: 10.48%
8511 Hyland Rd Manistique, MI Escape to your own private retreat just 15 minutes from Manistique! Nestled on 20 beautifu...	3 beds \| 2 baths \| 2,303 sq.ft.	$565,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 3.89% Airbnb Rental Income: $1744 Traditional Rental Income: $2779 Airbnb ROI: 1.02% Traditional ROI: 3.89%
6039 W Dillexie Ln Manistique, MI Set high above Lake Michigan on a wooded bluff, this custom built ranch offers a perspecti...	3 beds \| 2 baths \| 2,000 sq.ft.	$650,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 2.86% Airbnb Rental Income: $1744 Traditional Rental Income: $2664 Airbnb ROI: 0.55% Traditional ROI: 2.86%

Real Estate investment in Manistique, MI

There are 58 properties for sale in the city of Manistique . The median list price in Manistique is $136,918 and the average price per square foot is $85. In July 2026, the average monthly cash on cash return in Manistique is 9.00%. The average monthly rental income in Manistique is $1,653.

Manistique, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 58 investment properties available for sale in Manistique.

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

The ROI for Long-Term is higher than the Short-Term in Manistique with average rental income of $1,653.

Your search for investment property begins and ends here

Investment Property for Sale in Manistique, MI

5343 Michibay Dr

Manistique, MI

5 beds | 4 baths | 8,200 sq.ft.

$2,495,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.66%

Airbnb Rental Income: $null

Traditional Rental Income: $5009

Airbnb ROI: N/A

Traditional ROI: 0.66%

1522 N Country Club Dr

Manistique, MI

3 beds | 2 baths | 1,900 sq.ft.

$699,900

Airbnb cash on cash: 0.72%

Traditional cash on cash: 3.27%

Airbnb Rental Income: $1744

Traditional Rental Income: $2928

Airbnb ROI: 0.72%

Traditional ROI: 3.27%

1663 N Wawaushnosh Dr

Manistique, MI

4 beds | 3 baths | 1,941 sq.ft.

$950,000

Airbnb cash on cash: -1.01%

Traditional cash on cash: 0.89%

Airbnb Rental Income: $1952

Traditional Rental Income: $3121

Airbnb ROI: -1.01%

Traditional ROI: 0.89%

1522 N Country Dr

Manistique, MI

3 beds | 2 baths | 1,900 sq.ft.

$699,900

Airbnb cash on cash: -0.73%

Traditional cash on cash: 0.83%

Airbnb Rental Income: $1744

Traditional Rental Income: $2283

Airbnb ROI: -0.73%

Traditional ROI: 0.83%

W Smith Lake Dr

Manistique, MI

N/A beds | N/A baths | 0 sq.ft.

$75,000

Airbnb cash on cash: 2.6%

Traditional cash on cash: 8.38%

Airbnb Rental Income: $807

Traditional Rental Income: $912

Airbnb ROI: 2.6%

Traditional ROI: 8.38%

737 East Lakeshore Dr

Manistique, MI

N/A beds | N/A baths | 0 sq.ft.

$450,000

Airbnb cash on cash: -1.6%

Traditional cash on cash: -0.2%

Airbnb Rental Income: $807

Traditional Rental Income: $1073

Airbnb ROI: -1.6%

Traditional ROI: -0.2%

W Barque Trl

Manistique, MI

N/A beds | N/A baths | N/A

$125,000

Airbnb cash on cash: 0.74%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $807

Traditional Rental Income: $903

Airbnb ROI: 0.74%

Traditional ROI: 4.23%

TBD Hemlock Trl

Manistique, MI

N/A beds | N/A baths | N/A

$59,000

Airbnb cash on cash: 3.79%

Traditional cash on cash: 11.02%

Airbnb Rental Income: $807

Traditional Rental Income: $912

Airbnb ROI: 3.79%