Properties for sale in Michigan

706 Forest Avenue, Frankfort, MI 49635

$610,000

Property Type: Multi Family Lot Size (sq. ft.): 7,405 Status: Active Backup

Current Price: $610,000 List Date: 3/12/2026 Last Modified: 3/24/2026

Overview

Description

Renovated duplex in a prime downtown Frankfort location just blocks from Lake Michigan, Betsie Bay, shopping, dining, and the attractions that make this area a strong draw for both year-round residents and visitors. With two separate 2-bedroom, 1-bath apartments, this property offers excellent flexibility for long-term rental income, short-term rental potential, or owner occupancy with added revenue from the second unit. Both units offer updated interiors with neutral finishes, new appliances, dishwashers, washers and dryers, air conditioning, and private entrances. The main floor unit includes a spacious kitchen, living area, and dining space, while the upper unit offers a full kitchen, dining space and comfortable living room. Functional layouts and modern updates help support rental appeal and ease of ownership. A turn-key option exists, making ownership easy!

Supplements: Strong rental history is available, making this a compelling opportunity for investors seeking an income-producing property in one of Northern Michigan's most desirable lake-town markets. (Seller currently has two STR permits with the City of Frankfort -https://www.frankfortmich.com/how_do_i/learn_about/short_term_rentals.php for details or contact ... (Read more)

Listing Details MLS# 26009446

Location Property Info

County: Benzie
Street #: 706
Street Name: Forest
Suffix: Avenue
State: MI
Zip Code: 49635
Zip (4): 9041

General Property Info

Lot Measurement: Acres
Lot Square Footage: 7405
Lot Acres: 0.17
Lot Dimensions: 50x150x48x75x75
Year Built: 1920
New Construction: No
Road Frontage: 48
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 1559
Total Parking Spaces: 4
Waterfront: No
School District: Frankfort
Basement: Yes

Tax Info

Tax ID #: 51-010-252-00
Taxable Value: 124500
SEV: 124500
For Tax Year: 2025
Seller's Annual Property Tax: 1234
Tax Year: 2025
Spec Assessment & Ty: None
Homestead %: 0

Remarks Misc

Directions: Second house on the south side of Forest Ave, just before Seventh St., heading into downtown. Private parking available behind the home off of Anchor Place. Looks for real estate signs.

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: Two Bedroom
SqFt: 853
Bathrooms: 2
Full Baths: 2

Unit 2

Unit #: 2
Unit Description: Two Bedroom Upper
SqFt: 706
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: M22
Property Sub-Type: 2 to 4 Units
Municipality: Frankfort

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 391.28

Remarks & Misc

Public Remarks: Renovated duplex in a prime downtown Frankfort location just blocks from Lake Michigan, Betsie Bay, shopping, dining, and the attractions that make this area a strong draw for both year-round residents and visitors. With two separate 2-bedroom, 1-bath apartments, this property offers excellent flexibility for long-term rental income, short-term rental potential, or owner occupancy with added revenue from the second unit. Both units offer updated interiors with neutral finishes, new appliances, dishwashers, washers and dryers, air conditioning, and private entrances. The main floor unit includes a spacious kitchen, living area, and dining space, while the upper unit offers a full kitchen, dining space and comfortable living room. Functional layouts and modern updates help support rental appeal and ease of ownership. A turn-key option exists, making ownership easy!
Legal: LOT 7 BLK 22 EXC W 2 FT OF N 1/2 TOWN & HARBOR FRANKFORT P.A. 706 FOREST AVENUE 8/78 174/371 QC; 10/81 189/482 MLC; 216/107-109 WD; BP 3/87; 7/92 261/870 QC; 01/67 504/1019 DC; 04/04 504/1018 WD; 03/17 2017R-01186 WD; 08/17 2017R-03305 WD;

Lot Description

Level: Yes
Sidewalk: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Laundry Features

In Unit: Yes

Exterior Material

Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Electric: Yes
Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Baseboard: Yes
Hot Water: Yes

Air Conditioning

Window Unit(s): Yes

Tenant Pays

None: Yes

Driveway

Gravel: Yes

Substructure

Partial: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Negotiable: Yes
Subject To Tenant Rights: Yes

Property Features

Laundry Features: In Unit Exterior Material: Vinyl Siding Roofing: Composition Substructure: Partial Lot Description: Level; Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water Tenant Pays: None Heat Source: Electric; Natural Gas Heat Type: Baseboard; Hot Water Air Conditioning: Window Unit(s) Driveway: Gravel Street Type: Paved; Public Terms Available: Cash; Conventional Possession: Negotiable; Subject To Tenant Rights Sale Conditions: None

Documents

Listing Office: Real Estate One Beulah

Listing Agent: Jon M Zickert

Last Updated: March - 24 - 2026

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