# 5692 N US 31 Highway, Levering, MI 49755 > **TL;DR:** commercial, $497,000 ($104/sqft), built 1971, 4,769 sqft. Est. $2,658/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $497,000 | | Price/sqft | $104 | | Square Feet | 4,769 | | Year Built | 1971 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,513 | | Estimated Insurance | $145 | | **Total** | **$2,658** | ## Property Highlights - Built in 1971 ## Description ### Agent Description Income-producing 13-unit apartment property currently fully rented and operating as long-term efficiency apartments. Formerly operated as a motel, the property offers an established rental history with 11 studio-style units, a larger corner unit, and an attached house/office. Additional features include on-site laundry, paved parking, approximately 1.1 acres, B-2 commercial zoning, well and septic. Located along US-31 in Levering with convenient access to Pellston, Petoskey, Mackinaw City and surrounding Northern Michigan communities. An opportunity to acquire an established income-producing property with potential for future improvements and continued rental growth. Financial information available to qualified buyers upon request. ## Location - **Address:** 5692 N US 31 Highway, Levering, MI 49755 - **County:** Emmet ## Listing Agent - **Name:** Mandi Maghakian - **Brokerage:** RE/MAX Resort Properties - **Broker Phone:** (231) 582-2400 ## Photos ![5692 N US 31 Highway - Photo 1](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f588053977r.jpg) ![5692 N US 31 Highway - Photo 2](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f823705383r.jpg) ![5692 N US 31 Highway - Photo 3](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f2253235735r.jpg) ![5692 N US 31 Highway - Photo 4](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f201066185r.jpg) ![5692 N US 31 Highway - Photo 5](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f1173935517r.jpg) ![5692 N US 31 Highway - Photo 6](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f798772322r.jpg) ![5692 N US 31 Highway - Photo 7](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f251930253r.jpg) ![5692 N US 31 Highway - Photo 8](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f1733450043r.jpg) ![5692 N US 31 Highway - Photo 9](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f3808171717r.jpg) ![5692 N US 31 Highway - Photo 10](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f3308530293r.jpg) ![5692 N US 31 Highway - Photo 11](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f2737272873r.jpg) ![5692 N US 31 Highway - Photo 12](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f1669345745r.jpg) ![5692 N US 31 Highway - Photo 13](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f2830590332r.jpg) ![5692 N US 31 Highway - Photo 14](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f431039950r.jpg) ![5692 N US 31 Highway - Photo 15](http://lh.rdcpix.com/2fa5d33f36b9461842d781541aa18669l-f4033834412r.jpg) --- **MLS#:** 480854 | **Updated:** 2026-10-24 **Source:** listhub *Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/5692-n-us-31-highway-levering-mi-49755-01c43efc45e04dddb11c2532744c5b66) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/5692-n-us-31-highway-levering-mi-49755-01c43efc45e04dddb11c2532744c5b66#listing", "url": "https://staging.propertysimple.ai/listing/5692-n-us-31-highway-levering-mi-49755-01c43efc45e04dddb11c2532744c5b66", "name": "5692 N US 31 Highway, Levering, MI 49755", "description": "Income-producing 13-unit apartment property currently fully rented and operating as long-term efficiency apartments. Formerly operated as a motel, the property offers an established rental history with 11 studio-style units, a larger corner unit, and an attached house/office. 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