Real Estate Investment Properties for Sale in Michigamme, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
Ramsey Is Michigamme, MI A truly one-of-a-kind private island estate! Situated in the heart of Lake Michigamme, thi...	4 beds \| 2 baths \| 3,236 sq.ft.	$1,899,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.85% Airbnb Rental Income: $null Traditional Rental Income: $3060 Airbnb ROI: N/A Traditional ROI: -0.85%
19495 S Nestoria Rd Michigamme, MI Major price reduction! Seller retiring and highly motivated! This is your chance to secure...	4 beds \| N/A baths \| 748 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.13% Airbnb Rental Income: $null Traditional Rental Income: $2162 Airbnb ROI: N/A Traditional ROI: 2.13%
25358 Branch Rd Michigamme, MI Nestled at the private end of Beaufort Lake, in the picturesque Three Lakes area, this wat...	2 beds \| 2 baths \| 2,020 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.41% Airbnb Rental Income: $null Traditional Rental Income: $2519 Airbnb ROI: N/A Traditional ROI: 8.41%
279 Black Rd Michigamme, MI 279 Black Rd, Michigamme, MI 49861 \| Single Family Residential	6 beds \| 3 baths \| 4,808 sq.ft.	$1,299,900	Airbnb cash on cash: -0.95% Traditional cash on cash: -0.16% Airbnb Rental Income: $2627 Traditional Rental Income: $2964 Airbnb ROI: -0.95% Traditional ROI: -0.16%
Off Indian Rd Michigamme, MI Off Indian Rd, Michigamme, MI 49861 \| Other	N/A beds \| N/A baths \| N/A	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.61% Airbnb Rental Income: $null Traditional Rental Income: $903 Airbnb ROI: N/A Traditional ROI: -0.61%
Off Indian Lake Rd Michigamme, MI Off Indian Lake Rd, Michigamme, MI 49861 \| Other	N/A beds \| N/A baths \| N/A	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.61% Airbnb Rental Income: $null Traditional Rental Income: $903 Airbnb ROI: N/A Traditional ROI: -0.61%
Lake Arvid Off Indian Rd Michigamme, MI Lake Arvid Off Indian Rd, Michigamme, MI 49861 \| Other	N/A beds \| N/A baths \| N/A	$1,490,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.95% Airbnb Rental Income: $null Traditional Rental Income: $903 Airbnb ROI: N/A Traditional ROI: -1.95%
21415 Petticoat Rd Michigamme, MI 21415 Petticoat Rd, Michigamme, MI 49861 \| Other	N/A beds \| N/A baths \| N/A	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.67% Airbnb Rental Income: $null Traditional Rental Income: $894 Airbnb ROI: N/A Traditional ROI: 3.67%
28278 E Fence Rd Michigamme, MI Private 14.2-Acre Waterfront Sanctuary. Seclusion and luxury await you at this handcrafted...	4 beds \| 3 baths \| 3,712 sq.ft.	$1,295,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.09% Airbnb Rental Income: $null Traditional Rental Income: $3078 Airbnb ROI: N/A Traditional ROI: -0.09%
25048 George Lake Rd Michigamme, MI Charming 3-Bedroom Home on 3.2 Acres with Endless Potential! If you've been looking for a ...	3 beds \| 1 baths \| 2,136 sq.ft.	$215,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 6.38% Airbnb Rental Income: $1593 Traditional Rental Income: $2029 Airbnb ROI: 2.29% Traditional ROI: 6.38%
26173 Tamarack St Michigamme, MI 26173 Tamarack St, Michigamme, MI 49861 \| Single Family Residential	3 beds \| 2 baths \| 1,941 sq.ft.	$485,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 2.81% Airbnb Rental Income: $1593 Traditional Rental Income: $2519 Airbnb ROI: -0.23% Traditional ROI: 2.81%
24797 Ruth Lake Road Michigamme, MI Welcome to your own slice of Upper Peninsula serenity at 24797 Ruth Lake Road in Michigamm...	2 beds \| 1 baths \| 1,152 sq.ft.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.52% Airbnb Rental Income: $null Traditional Rental Income: $1822 Airbnb ROI: N/A Traditional ROI: 8.52%
26597 N Fence Rd Michigamme, MI 26597 N Fence Lake Rd, Michigamme, MI 49861 \| Single Family Residential	4 beds \| 3 baths \| 3,100 sq.ft.	$1,250,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.17% Airbnb Rental Income: $null Traditional Rental Income: $3284 Airbnb ROI: N/A Traditional ROI: 0.17%
19399 Peshekee Grade Rd Michigamme, MI 19399 Peshekee Grade Rd, Michigamme, MI 49946 \| Other	N/A beds \| N/A baths \| N/A	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.14% Airbnb Rental Income: $null Traditional Rental Income: $903 Airbnb ROI: N/A Traditional ROI: 3.14%
33 Tan Rd Michigamme, MI 33 Tan Rd, Michigamme, MI 49861 \| Single Family Residential	3 beds \| 2 baths \| 1,889 sq.ft.	$749,900	Airbnb cash on cash: -1.03% Traditional cash on cash: 0.8% Airbnb Rental Income: $1593 Traditional Rental Income: $2418 Airbnb ROI: -1.03% Traditional ROI: 0.8%
541 Red Rd Michigamme, MI 541 Red Rd, Michigamme, MI 49861 \| Single Family Residential	4 beds \| 2 baths \| 1,296 sq.ft.	$695,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.77% Airbnb Rental Income: $null Traditional Rental Income: $2261 Airbnb ROI: N/A Traditional ROI: 0.77%
209 E Main St Michigamme, MI 209 E Main St, Michigamme, MI 49861 \| Single Family Residential	2 beds \| 1 baths \| 1,740 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $1491 Airbnb ROI: N/A Traditional ROI: 4.89%
TBD Off King Rd Michigamme, MI TBD Off King Rd, Michigamme, MI 49861 \| Single Family Residential	1 beds \| N/A baths \| 960 sq.ft.	$114,800	Airbnb cash on cash: 0.37% Traditional cash on cash: 10.24% Airbnb Rental Income: $720 Traditional Rental Income: $1506 Airbnb ROI: 0.37% Traditional ROI: 10.24%
W 40 +/- Acres 2116 Us 41 Hwy Michigamme, MI W 40 +/- Acres 2116 Us 41 Hwy, Michigamme, MI 49861 \| Other	N/A beds \| N/A baths \| N/A	$1,000,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.6% Airbnb Rental Income: $null Traditional Rental Income: $962 Airbnb ROI: N/A Traditional ROI: -1.6%
440 Acres off CR AAA Rd Michigamme, MI 440 Acres off CR AAA Rd, Michigamme, MI 49861 \| Other	N/A beds \| N/A baths \| N/A	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.42% Airbnb Rental Income: $null Traditional Rental Income: $962 Airbnb ROI: N/A Traditional ROI: -0.42%

Real Estate investment in Michigamme, MI

There are 22 properties for sale in the city of Michigamme . The median list price in Michigamme is $42,600 and the average price per square foot is $22. In October 2026, the average monthly cash on cash return in Michigamme is 2.00%. The average monthly rental income in Michigamme is $1,620.

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

There are 22 investment properties available for sale in Michigamme.

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

The ROI for Long-Term is higher than the Short-Term in Michigamme with average rental income of $1,620.

Your search for investment property begins and ends here

Investment Property for Sale in Michigamme, MI

Ramsey Is

Michigamme, MI

4 beds | 2 baths | 3,236 sq.ft.

$1,899,900

Airbnb cash on cash: N/A

Traditional cash on cash: -0.85%

Airbnb Rental Income: $null

Traditional Rental Income: $3060

Airbnb ROI: N/A

Traditional ROI: -0.85%

19495 S Nestoria Rd

Michigamme, MI

4 beds | N/A baths | 748 sq.ft.

$475,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.13%

Airbnb Rental Income: $null

Traditional Rental Income: $2162

Airbnb ROI: N/A

Traditional ROI: 2.13%

25358 Branch Rd

Michigamme, MI

2 beds | 2 baths | 2,020 sq.ft.

$259,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.41%

Airbnb Rental Income: $null

Traditional Rental Income: $2519

Airbnb ROI: N/A

Traditional ROI: 8.41%

279 Black Rd

Michigamme, MI

6 beds | 3 baths | 4,808 sq.ft.

$1,299,900

Airbnb cash on cash: -0.95%

Traditional cash on cash: -0.16%

Airbnb Rental Income: $2627

Traditional Rental Income: $2964

Airbnb ROI: -0.95%

Traditional ROI: -0.16%

Off Indian Rd

Michigamme, MI

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

$450,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.61%

Airbnb Rental Income: $null

Traditional Rental Income: $903

Airbnb ROI: N/A

Traditional ROI: -0.61%

Off Indian Lake Rd

Michigamme, MI

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

$450,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.61%

Airbnb Rental Income: $null

Traditional Rental Income: $903

Airbnb ROI: N/A

Traditional ROI: -0.61%

Lake Arvid Off Indian Rd

Michigamme, MI

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

$1,490,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.95%

Airbnb Rental Income: $null

Traditional Rental Income: $903

Airbnb ROI: N/A

Traditional ROI: -1.95%

21415 Petticoat Rd

Michigamme, MI

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

$135,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.67%

Airbnb Rental Income: $null

Traditional Rental Income: $894

Airbnb ROI: N/A