Real Estate Investment Properties for Sale in Ontonagon, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
40378 Superior Lane Ontonagon, MI MOTIVATED SELLERS - SUPERIOR SOLITUDE - ONE OF A KIND - LAKE SUPERIOR and FLINTSTEEL RIVER...	3 beds \| 2 baths \| 5,225 sq.ft.	$1,700,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 0.5% Airbnb Rental Income: $1652 Traditional Rental Income: $3167 Airbnb ROI: -0.75% Traditional ROI: 0.5%
18418 Lakeshore Ontonagon, MI Peaceful and secluded wooded setting on close to 9 acres minutes from the Village of Onton...	2 beds \| 2 baths \| 1,008 sq.ft.	$204,000	Airbnb cash on cash: 2.61% Traditional cash on cash: 5.96% Airbnb Rental Income: $1529 Traditional Rental Income: $1734 Airbnb ROI: 2.61% Traditional ROI: 5.96%
32432 US Highway 45 Ontonagon, MI In a prime location just outside of Ontonagon is where you will find your dream property! ...	3 beds \| 3 baths \| 1,664 sq.ft.	$549,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 3.48% Airbnb Rental Income: $1652 Traditional Rental Income: $2691 Airbnb ROI: 0.56% Traditional ROI: 3.48%
505 Pennsylvania Ontonagon, MI PRICE REDUCED!! Privacy in the village. This comfortable 3 bedroom 1 bath home is located...	3 beds \| 1 baths \| 1,450 sq.ft.	$179,000	Airbnb cash on cash: 3.91% Traditional cash on cash: 8.67% Airbnb Rental Income: $1652 Traditional Rental Income: $1998 Airbnb ROI: 3.91% Traditional ROI: 8.67%
619 N 7th Ontonagon, MI PRICE REDUCED! MOTIVATED SELLER. This extremely well-maintained 3 bedroom home is located...	3 beds \| 1 baths \| 1,245 sq.ft.	$175,000	Airbnb cash on cash: 4.73% Traditional cash on cash: 9.39% Airbnb Rental Income: $1652 Traditional Rental Income: $1965 Airbnb ROI: 4.73% Traditional ROI: 9.39%
40378 Superior Ontonagon, MI MOTIVATED SELLERS - SUPERIOR SOLITUDE - ONE OF A KIND â LAKE SUPERIOR and FLINTSTEEL R...	3 beds \| 4 baths \| 5,225 sq.ft.	$1,700,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 1.35% Airbnb Rental Income: $1652 Traditional Rental Income: $4194 Airbnb ROI: -0.55% Traditional ROI: 1.35%
TBD Forest Road 690 Ontonagon, MI This Ontonagon River property is as remote and unique as they come. Nearly 210 acres of f...	1 beds \| N/A baths \| 192 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.81% Airbnb Rental Income: $null Traditional Rental Income: $1640 Airbnb ROI: N/A Traditional ROI: 1.81%
217 Mulock Ontonagon, MI Efficient, cozy one level home on 4 lots! This 2 bedroom home features a large living roo...	2 beds \| 1 baths \| 1,000 sq.ft.	$160,000	Airbnb cash on cash: 3.99% Traditional cash on cash: 7.91% Airbnb Rental Income: $1529 Traditional Rental Income: $1685 Airbnb ROI: 3.99% Traditional ROI: 7.91%
101 & 119 Pearl #2 Cottages Ontonagon, MI TWO COTTAGES!!! 240 FT OF LAKE SUPERIOR FRONTAGE!!! LOCATED AT THE FOOTHILLS OF THE PORCUP...	4 beds \| 2 baths \| 1,916 sq.ft.	$349,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 10.98% Airbnb Rental Income: $1945 Traditional Rental Income: $4518 Airbnb ROI: 1.56% Traditional ROI: 10.98%

Real Estate investment in Ontonagon, MI

There are 9 properties for sale in the city of Ontonagon . The median list price in Ontonagon is $204,000 and the average price per square foot is $101. In October 2025, the average monthly cash on cash return in Ontonagon is 8.00%. The average monthly rental income in Ontonagon is $1,998.

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

There are 9 investment properties available for sale in Ontonagon.

In 2025, the best neighborhood to buy investment property is Ontonagon.

The ROI for Long-Term is higher than the Short-Term in Ontonagon with average rental income of $1,998.

Your search for investment property begins and ends here

Investment Property for Sale in Ontonagon, MI

40378 Superior Lane

Ontonagon, MI

3 beds | 2 baths | 5,225 sq.ft.

$1,700,000

Airbnb cash on cash: -0.75%

Traditional cash on cash: 0.5%

Airbnb Rental Income: $1652

Traditional Rental Income: $3167

Airbnb ROI: -0.75%

Traditional ROI: 0.5%

18418 Lakeshore

Ontonagon, MI

2 beds | 2 baths | 1,008 sq.ft.

$204,000

Airbnb cash on cash: 2.61%

Traditional cash on cash: 5.96%

Airbnb Rental Income: $1529

Traditional Rental Income: $1734

Airbnb ROI: 2.61%

Traditional ROI: 5.96%

32432 US Highway 45

Ontonagon, MI

3 beds | 3 baths | 1,664 sq.ft.

$549,900

Airbnb cash on cash: 0.56%

Traditional cash on cash: 3.48%

Airbnb Rental Income: $1652

Traditional Rental Income: $2691

Airbnb ROI: 0.56%

Traditional ROI: 3.48%

505 Pennsylvania

Ontonagon, MI

3 beds | 1 baths | 1,450 sq.ft.

$179,000

Airbnb cash on cash: 3.91%

Traditional cash on cash: 8.67%

Airbnb Rental Income: $1652

Traditional Rental Income: $1998

Airbnb ROI: 3.91%

Traditional ROI: 8.67%

619 N 7th

Ontonagon, MI

3 beds | 1 baths | 1,245 sq.ft.

$175,000

Airbnb cash on cash: 4.73%

Traditional cash on cash: 9.39%

Airbnb Rental Income: $1652

Traditional Rental Income: $1965

Airbnb ROI: 4.73%

Traditional ROI: 9.39%

40378 Superior

Ontonagon, MI

3 beds | 4 baths | 5,225 sq.ft.

$1,700,000

Airbnb cash on cash: -0.55%

Traditional cash on cash: 1.35%

Airbnb Rental Income: $1652

Traditional Rental Income: $4194

Airbnb ROI: -0.55%

Traditional ROI: 1.35%

TBD Forest Road 690

Ontonagon, MI

1 beds | N/A baths | 192 sq.ft.

$380,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.81%

Airbnb Rental Income: $null

Traditional Rental Income: $1640

Airbnb ROI: N/A

Traditional ROI: 1.81%

217 Mulock

Ontonagon, MI

2 beds | 1 baths | 1,000 sq.ft.

$160,000

Airbnb cash on cash: 3.99%

Traditional cash on cash: 7.91%

Airbnb Rental Income: $1529

Traditional Rental Income: $1685

Airbnb ROI: 3.99%