The median home value in Rapid River, MI is $145,500.
This is
higher than
the county median home value of $84,096.
The national median home value is $308,980.
The average price of homes sold in Rapid River, MI is $145,500.
Approximately 58% of Rapid River homes are owned,
compared to 10% rented, while
32% are vacant.
Rapid River real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Rapid River real estate agent to arrange a tour today!
Learn more about Rapid River.
Live in the beautiful Upper Peninsula of Michigan! An exceptional chance awaits to own your own business with the added option to reside in the attached home or lease it out. Garth Bluff Grocery & Gas, a well-established store since 1972, is now available for new ownership. Nestled in an ideal location, this store enjoys year-round business with an additional influx of tourists during three seasons. Situated amidst a hub of recreational activities including water sports, hunting, snowmobiling, and off-road adventures, the store caters to a diverse clientele seeking grocery essentials, gas, and propane. Its strategic proximity to campgrounds, Lake Michigan, and the Whitefish River ensures a steady flow of customers. The attached home features two bedrooms, a full bath, and a deck with a pergola overlooking the above-ground pool. Additional living space and a full bath in the basement offer potential for rental income. A spacious 2-3 stall garage with a second-story storage area, complete with a back staircase and deck, provides ample storage and utility. The store itself boasts coolers for beverages, food coolers, generous counter space, and a coffee bar for early risers. Abundant shelves allow for versatile product offerings, while the store's licenses to sell beer, wine, liquor, and various other items add to its appeal. As the current owners retire, seize this opportunity to make Garth Bluff Grocery & Gas your own. Don't miss out on this chance to invest in a thriving business with endless possibilities.
Half Mobile Home Park, Half RV Park for an amazing investment opportunity! Of the 12 mobile home home spots on the property 7 have homes on them. 5 of the 7 are owned by seller and will be included in the purchase of the park. In addition to the mobile home side is 13 available spots for RVs. Updated septic tanks and pumps, A giant barn with a full kitchen and 5 bathrooms with showers perfect to compliment a full park of campers. The site also includes a fish cleaning station and a dumping station. There also sits an older house that has gone through some fire damage, but the right person could come in and restore it to its natural beauty. This park truly is a must see to capture the real potential that it has.
Incredible commercial property opportunity on 26 acres of prime land! This corner lot is situated on two highways - US2 on the south and US 41 on the west, providing maximum visibility and accessibility for potential customers. The 7000 square foot building on the property offers ample space for any business venture. Not only does this property offer a fantastic location, it also boasts additional income potential with a billboard lease. The property features two established driveways, making it easy for customers and employees to access the site. Adding to the appeal of this property is its close proximity to an ATV and snowmobile trail, ensuring a steady stream of visitors year-round. And to top it all off, the picturesque Tacoosh River runs through the property, providing a peaceful and scenic backdrop for your business. Don't miss out on this rare opportunity to own a commercial property with so much potential. Schedule a showing today and see the possibilities for yourself!
Great visibility for your business venture! Steel building built in 2020 has been used as a trucking company garage and office space. Located just North of Rapid River known as the crossroads of the UP as the traffic is heavy and the marketing exposure is great! Currently there is a tenant leasing 1 bay in the truck garage on a month to month basis. No truck equipment or business is included in this sale. Currently zoned Commercial District 2. There is in-floor heating thru-out building with 3 zones. Shop floor is 6 inches thick and rest of the building 4 inches thick. Interior walls in office area could be eliminated or moved to accommodate your business. Well & septic installed in 2020, internet network lines are all set for plug and play, security lighting and phase 3 power on the premises. Lots of yard space for additional buildings or outdoor storage.
The iconic Swallow Inn, situated in the Heart of Rapid River, is now available to be your new business endeavor! This building originally started out as a boarding house and has been a running business for over 100 years. You've likely seen the Swallow Inn featured as "Best Fish Fry in the U.P.", named by public vote & the Daily Press! Or maybe you've seen it in clips of the movie "Escanaba in da Moonlight", or perhaps on Yooper Paranormal! How about their record selling Keno ticket winner that was close to $500,000? Or perhaps you've just heard about their one-of-a-kind salad bar, and down-right good food! Either way, iconic only begins to describe this historic building. With a full bar, dining area, kitchen, & public bathrooms, this could be an almost turn-key business operation. Stock will be included along with tables, stools, chairs, etc (with the exception of liquor), and the current owner is happy to help with the transition to the new owner. Currently has a Class C Liquor license & Michigan Lottery Retailer license. There are apartments upstairs that could be remodeled for on-site living or additional income opportunity. Come see the Swallow Inn - To Old Friends & New Ones!