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Michigan lakefront escapes—and rentals from $95K

A sandy-shore cottage, a Suttons Bay compound and three tenant-occupied homes with reported rent.

November 07, 2026

Northwoods Daily · Saturday, November 7

Michigan lakefront escapes—and rentals from $95K

This Saturday, November 7, Northwoods heads to Michigan for lakefront gathering places, historic village charm and a few practical portfolio additions. Presented by Bill Adolfsen, today's six homes span getaway appeal and established long-term tenancies—two distinct investment paths worth a closer look.

6
New homes
$95,000
Starting at
3
With proven revenue
1339 Venice St, Dearborn, MI 48124
No. 1 · Dearborn, MI

Brick, Hardwood and Staying Power

1339 Venice St, Dearborn, MI 48124

This $249,900 Dearborn brick ranch pairs three bedrooms and two baths with hardwood floors, a partially finished basement and a deep backyard. Backing up to Corewell Health Hospital, it suits an investor comfortable retaining the existing tenancy: occupancy is not available before June 2027.

Price
$249,900
Beds / Baths
3 / 2
Sq ft
2,001
$ / sq ft
$125
Stated revenue
$21,600/yr
Gross yield
8.6%
◆Three bedrooms, two baths
◆Partially finished basement
◆Detached 1.5-car garage
The investor angleReported rent of $1,800 monthly totals $21,600 annually, approximately 8.6% of the asking price before expenses, making this a long-term rental rather than an immediate getaway conversion.
Talk to Bill about this home →
3943 Wice Dr, Gladwin, MI 48624
No. 2 · Gladwin, MI

Room to Gather on Round Lake

3943 Wice Dr, Gladwin, MI 48624

Set back on a private road, this $529,900 Round Lake home offers three bedrooms, two baths and a fenced setting of just under an acre. A bright, open main level and lower-level gathering space with a kitchenette give families room to spread out, while the replaced deck and covered outdoor spaces keep the lake views close.

Price
$529,900
Beds / Baths
3 / 2
Sq ft
1,685
$ / sq ft
$314
◆Fenced, nearly one-acre setting
◆Lower-level kitchenette
◆Newly replaced main-level deck
The investor angleWith no revenue figures supplied, the rental case rests on Round Lake appeal, extensive renovations and separate gathering spaces suited to family getaways.
Talk to Bill about this home →
289 Martin Luther King Jr Blvd S, Pontiac, MI 48342
No. 3 · Pontiac, MI

A Modest Bungalow, Rent in Place

289 Martin Luther King Jr Blvd S, Pontiac, MI 48342

Priced at $95,000, this three-bedroom Pontiac bungalow offers a classic layout and an established long-term tenant. The electrical meter box was replaced in 2023; investors should note that showings require an accepted offer and tenants must not be disturbed.

Price
$95,000
Beds / Baths
3 / 1
Sq ft
922
$ / sq ft
$103
Stated revenue
$9,600/yr
Gross yield
10.1%
◆Three bedrooms, one bath
◆Electrical meter box replaced 2023
◆Tenant pays all utilities
The investor angleReported rent of $800 monthly produces $9,600 annually, approximately 10.1% of the asking price before expenses, with the tenant responsible for utilities.
Talk to Bill about this home →
118 W Adams St, Suttons Bay, MI 49682
No. 4 · Suttons Bay, MI

Village Character, Guest Quarters Included

118 W Adams St, Suttons Bay, MI 49682
0.17 acres

This $1.2 million downtown Suttons Bay compound combines a 1910 main house with a separate guest apartment and a functional oversized garage. Wood floors, a historic staircase, a porch and village sidewalks suit buyers drawn to walkable stays, while the apartment adds flexibility for visitors or separate work space.

Price
$1,200,000
Beds / Baths
5 / 3
Sq ft
2,455
$ / sq ft
$489
◆Four-bedroom historic main house
◆Separate guest apartment with terrace
◆Oversized 26-by-30-foot garage
The investor angleWith no revenue supplied, the investment appeal centers on downtown walkability and separate guest quarters, with rental permissions and the apartment's kitchen setup requiring verification.
Talk to Bill about this home →
6789 W Redman Dr, Lake City, MI 49651
No. 5 · Lake City, MI

Sandy Mornings, Hot Tub Evenings

6789 W Redman Dr, Lake City, MI 49651

On Clayton Harbor Bay in Lake City, this $639,900 four-bedroom cottage has 60 feet of private sandy shoreline and a hot tub overlooking the water. French doors open to an expansive deck, and an upstairs bedroom adds balcony views—an inviting arrangement for families seeking a Northern Michigan lake escape.

Price
$639,900
Beds / Baths
4 / 3
Sq ft
1,728
$ / sq ft
$370
◆60 feet of sandy shoreline
◆Lake-view hot tub
◆Smart locks and Wi-Fi thermostats
The investor angleThe listing reports VRBO history without revenue figures; private sandy frontage, a lake-view hot tub and remote-access controls support its vacation-rental appeal.
Talk to Bill about this home →
130 Parkdale Ave, Pontiac, MI 48340
No. 6 · Pontiac, MI

Updated Essentials, Established Pontiac Income

130 Parkdale Ave, Pontiac, MI 48340

This $109,000 three-bedroom Pontiac home pairs a bright, functional layout with flooring updated in 2024 and a furnace replaced in 2022. A long-term Section 8 tenant is in place, making it a candidate for an income-focused portfolio; showings require an accepted offer, and tenants must not be disturbed.

Price
$109,000
Beds / Baths
3 / 1
Sq ft
961
$ / sq ft
$113
Stated revenue
$14,400/yr
Gross yield
13.2%
◆Sewer line replaced in 2018
◆New furnace in 2022
◆Flooring updated throughout in 2024
The investor angleReported rent of $1,200 monthly totals $14,400 annually, approximately 13.2% of the asking price before expenses, with the tenant paying all utilities.
Talk to Bill about this home →
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