For Sale
7378 Chief Road, Bear Lake, MI 49614
$389,900
MLS # 26034564 (Michigan Regional Information Center (MichRIC))
3 unitsBuilt 19001.72 acres
1 / 56
Listing Description
Discover this multi-unit investment property in Bear Lake, Michigan, featuring a substantial lot spanning nearly 75,000 square feet. This 2 to 4 unit property presents an excellent opportunity for investors seeking to diversify their real estate portfolio with multiple revenue streams. The generous land size provides flexibility for future development or expansion considerations. Positioned in the Bear Lake area, this property offers potential for long-term appreciation and sustained income generation. Whether you're an experienced investor or expanding your holdings, this multi-unit offering warrants serious consideration.
Source: SparkMLS
About this home
Currently offered at $389,900.
Property tax estimate: $2,555 per year ($213/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by Superior Energy Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size1.72 acres
Year Built1900
Location
CityBear Lake
MunicipalityBear Lake Twp
Zip Code49614
CountyManistee
School DistrictOnekama
Construction & Systems
ConstructionBlock, Wood Siding, Other
BasementCrawl Space, Michigan Basement
HeatingForced Air, Hot Water
WaterPrivate Water
SewerSeptic Tank
UtilitiesElectricity Available, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed7/7/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,555
Tax Year2025
State Equalized Value$191,800
Taxable Value$53,512
Assessed Value$53,512
Parcel #02-034-400-07
Source: Public Records
Legal Description
PT NE 1/4 OF SE 1/4 LYING N OF M + NE RR R/W, COM 280 FT N OF N RAIL RR ALG E LI OF SD 1/4, W PARA WITH RR R/W 300 FT, S TO N RR R/W, E ALG N RR R/W TO E LI OF SD 1/4, N TO POB. SEC 34 T23N R15W. 1.72 A*M/L. SALE(80) 6391 0306-9, 23-4 1391 0327
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Brenda Cronan
Coldwell Banker ALM REALTY
Frequently Asked Questions about 7378 Chief Road, Bear Lake, MI 49614
What school district is 7378 Chief Road, Bear Lake, MI 49614 in?
Per MLS# 26034564, this property is served by Onekama. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 26034564, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26034564, the most recent reported annual property tax for 7378 Chief Road, Bear Lake, MI 49614 is $2,555 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 7378 Chief Road, Bear Lake, MI 49614 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 7378 Chief Road, Bear Lake, MI 49614 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Superior Energy Company. Sewer: Septic Tank. Water: Private Water. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Bear Lake Twp police department or the Manistee County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$2,529
Principal & interest$2,529
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Superior Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7378 Chief Road, Bear Lake, MI 49614
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