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118 E State Street

Fife Lake, Michigan 49633

$394,000 $1,661/Mo

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Overview

Bed

Bath

0.11

Acre(Lot)

Description

Built in 1886 overlooking Fife Lake, this historic triplex offers lake views, income potential, and the opportunity to create something special. The expansive deck provides year-round views of Fife Lake, a popular Northern Michigan all-sports lake known for boating, fishing, and year-round recreation. It is the kind of setting that keeps visitors coming back season after season and tenants happy with their living arrangements Currently configured as three rental units, the property offers flexibility for investors, seasonal rental operators, or buyers looking to restore a piece of local history. Originally constructed as a mercantile building before evolving into a residence and later a triplex, the property has been adapted to changing needs for nearly 140 years and is ready for the next chapter. With current rental rates below market and all three units offering seasonal rental potential, there are multiple paths to increasing value. Whether your goal is short-term rentals, long-term income, or a thoughtful restoration, the opportunity is clear. At less than $133,000 per unit, opportunities like this are becoming increasingly difficult to find. This is not a turnkey property, but for buyers willing to roll up their sleeves, it offers a remarkable view, easy access to the lake, and the chance to create significant value through vision, patience, and effort. The neighboring property may also be available. Ask for details.

Property Details

Property Type : Multifamily

Price : $394,000

AD Id : 84901662

MLS Id : 78080069671

Lot Size : 0.11 Acre

Year Built : 1890

County : Grand Traverse

Subdivision: Original City Of Corunna

Map

What's Nearby

Nearby Areas

Features

Room Information

Porches: Deck,Patio,Porch
Heating & Cooling

Cooling: Ceiling Fan(s),Other Heating: Baseboard,Hot Water,Other Heating Fuel: Natural Gas

Water Heater

Natural Gas

Building Information

Year Built: 1890 Building Stories: 2 Story Total Units: 3 Foundation/Basement: Slab,Michigan Basement Architecture: Victorian
Exterior Features

Construction: Other
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Well (Existing) Water Heat: Natural Gas

Lot Information

Lot Size: 0.11 Lot Dimensions: irregular Waterfront: All Sports Lake
Property Information

Subdivision: Village of Fife Lake Financing: Cash,Trade/Exchange

Listing Price Information

Original List Price: $395,000
Listing Information

Possession: Negotiable Legal Description: LOT 16 BLK 4 VILL OF NO FIFE LAKE EXC BEG AT SW COR SD LOT 16 & RUNNING E ALG S LINE OF LOT 16 11' TH N 16' TH N'LY AT RIGHT ANGLES WITH SOUTHERLY LINE OF STATE RD TO INTERSECT WITH NORTHERLY LINE OF LOT 16 50' E OF NW CNR LOT 16 TH NW'LY ON NORTH LI NE O

Tax Information

Parcel Number: 4107003100
Possession

Negotiable
Legal Information

Legal Description: Section: LOT 16 BLK 4 VILL OF NO FIFE LAKE EXC BEG AT SW COR SD LOT 16 & RUNNING E ALG S LINE OF LOT 16 11' TH N 16' TH N'LY AT RIGHT ANGLES WITH SOUTHERLY LINE OF STATE RD TO INTERSECT WITH NORTHERLY LINE OF LOT 16 50' E OF NW CNR LOT 16 TH NW'LY ON NORTH LI NE O

School Information

School District: Forest Area
Utility Information

Water: Well (Existing) Sewer: Sewer (Sewer-Sanitary)

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ByOwner last updated this listing 08/06/2026 @ 09:30

MLS: 78080069671 LISTED BY: Carole L Higgins , Cygnus Real Estate 231-994-3225 SOURCE: Realcomp II Ltd