Indian River

Indian, Michigan is a charming small town nestled along the scenic Indian River, known for its peaceful riverfront lifestyle and access to some of Northern Michigan’s best natural attractions. Surrounded by lakes, forests, and the Inland Waterway, Indian offers residents and visitors a perfect blend of outdoor recreation and small-town hospitality. Whether you enjoy boating, fishing, hiking, or simply relaxing by the water, this close-knit community provides a welcoming atmosphere and a slower pace of life.

Conveniently located near larger towns like Petoskey and Mackinaw City, Indian combines tranquility with easy access to amenities, making it an ideal spot for families, retirees, and vacation homeowners alike.

Real Estate Statistics

Average Price $432K
Lowest Price $50K
Highest Price $1.5M
Total Listings 56
Avg. Days On Market 7
Avg. Price/SQFT $246

Property Types (active listings)


Browse Indian River Real Estate Listings

Sort by:
4400 Tahoe Lane, Indian River

$1,500,000

4400 Tahoe Lane, Indian River

0 Beds 0 Baths 0 SqFt Commercial MLS® # 201818823
5997 Prospect Street, Indian River

$1,395,000

5997 Prospect Street, Indian River

3 Beds 3 Baths 2,554 SqFt Residential MLS® # 201834969
1553 Nippissing Trail, Indian River

$1,189,000

1553 Nippissing Trail, Indian River

4 Beds 4 Baths 2,753 SqFt Residential MLS® # 476225
2048 Mc Millan Drive, Indian River

$998,000

2048 Mc Millan Drive, Indian River

4 Beds 3 Baths 2,470 SqFt Residential MLS® # 201832344
6100 M-68, Indian River

$990,000

6100 M-68, Indian River

0 Beds 0 Baths 9,177 SqFt Commercial MLS® # 1931611
New
6100 M-68, Indian River

$990,000

6100 M-68, Indian River

0 Beds 0 Baths 9,177 SqFt Multi-Family MLS® # 1931755
2862 Arlene, Indian River

$950,000

2862 Arlene, Indian River

0 Beds 0 Baths 0 SqFt Commercial MLS® # 201833215
2862 Arlene, Indian River

$950,000

2862 Arlene, Indian River

0 Beds 0 Baths 0 SqFt Multi-Family MLS® # 201833217
3676 S Straits Highway, Indian River

$885,000

3676 S Straits Highway, Indian River

0 Beds 0 Baths 2,500 SqFt Commercial MLS® # 201831941
4208 S Straits Highway, Indian River

$875,000

4208 S Straits Highway, Indian River

0 Beds 0 Baths 2,930 SqFt Commercial MLS® # 201835164
3140 Mingo Trail, Indian River

$749,900

3140 Mingo Trail, Indian River

3 Beds 2 Baths 1,344 SqFt Residential MLS® # 201832900
5447 Big Sky Trail, Indian River

$749,900

5447 Big Sky Trail, Indian River

3 Beds 3 Baths 2,225 SqFt Residential MLS® # 201835219
New
950 S Silver Place, Indian River

$749,900

950 S Silver Place, Indian River

4 Beds 4 Baths 4,325 SqFt Residential MLS® # 201835347
6211 Link Boulevard, Indian River

$575,000

6211 Link Boulevard, Indian River

3 Beds 4 Baths 4,000 SqFt Residential MLS® # 476582
4584 S Straits Highway, Indian River

$499,999

4584 S Straits Highway, Indian River

0 Beds 0 Baths 4,200 SqFt Commercial MLS® # 201832044
3869 Club Road, Indian River

$480,000

3869 Club Road, Indian River

2 Beds 3 Baths 1,820 SqFt Residential MLS® # 201835057
1766 Chippewa Beach, Indian River

$475,000

1766 Chippewa Beach, Indian River

3 Beds 3 Baths 2,334 SqFt Residential MLS® # 476503
3583 Canal, Indian River

$470,000

3583 Canal, Indian River

4 Beds 2 Baths 2,068 SqFt Residential MLS® # 476713
4189 Big Sky Trail, Indian River

$450,000

4189 Big Sky Trail, Indian River

2 Beds 1 Bath 2,158 SqFt Residential MLS® # 201834609
6966 S Straits Highway, Indian River

$409,000

6966 S Straits Highway, Indian River

4 Beds 2 Baths 2,000 SqFt Residential MLS® # 476619
6801 Waubun Road, Indian River

$399,900

↓ $29,100

6801 Waubun Road, Indian River

3 Beds 3 Baths 2,016 SqFt Residential MLS® # 476750
Pending
6502 Goose Lake Road, Indian River

$399,900

6502 Goose Lake Road, Indian River

3 Beds 2 Baths 1,500 SqFt Residential MLS® # 201835071
6647 Barbara Avenue, Indian River

$395,000

6647 Barbara Avenue, Indian River

0 Beds 0 Baths 0 SqFt Land MLS® # 476467
6300 S Straits Highway, Indian River

$350,000

6300 S Straits Highway, Indian River

0 Beds 0 Baths 4,160 SqFt Commercial MLS® # 201828008
New
3049 Chippewa Beach Road, Indian River

$349,900

3049 Chippewa Beach Road, Indian River

4 Beds 3 Baths 1,936 SqFt Residential MLS® # 476842
New
5619 Edgewood Court, Indian River

$349,000

5619 Edgewood Court, Indian River

3 Beds 2 Baths 1,792 SqFt Residential MLS® # 201835254
9150 W M-68, Indian River

$299,500

9150 W M-68, Indian River

3 Beds 3 Baths 1,700 SqFt Residential MLS® # 201835234
6441 Holden Road, Indian River

$295,000

6441 Holden Road, Indian River

3 Beds 2 Baths 1,393 SqFt Residential MLS® # 201833136
1505 Shawnee Drive, Indian River

$295,000

1505 Shawnee Drive, Indian River

4 Beds 2 Baths 2,052 SqFt Residential MLS® # 201834736
4381 Kateri Lane, Indian River

$289,900

4381 Kateri Lane, Indian River

3 Beds 1 Bath 1,760 SqFt Residential MLS® # 201835135
5384 Commerce Boulevard D404, Indian River

$285,000

5384 Commerce Boulevard D404, Indian River

0 Beds 0 Baths 1,475 SqFt Commercial MLS® # 201834779
5384 Commerce Boulevard D405, Indian River

$285,000

5384 Commerce Boulevard D405, Indian River

0 Beds 0 Baths 1,475 SqFt Commercial MLS® # 201834778
5384 Commerce Boulevard D404, Indian River

$285,000

5384 Commerce Boulevard D404, Indian River

0 Beds 0 Baths 0 SqFt Land MLS® # 201834876
6830 Elmwood, Indian River

$279,900

6830 Elmwood, Indian River

3 Beds 2 Baths 1,101 SqFt Residential MLS® # 201833813
4735 S. Straits Highway, Indian River

$265,000

4735 S. Straits Highway, Indian River

0 Beds 0 Baths 2,430 SqFt Commercial MLS® # 201833512
4963 Eastway Drive, Indian River

$259,900

4963 Eastway Drive, Indian River

2 Beds 1 Bath 1,120 SqFt Residential MLS® # 201832390
4878 S Straits Highway, Indian River

$235,000

4878 S Straits Highway, Indian River

0 Beds 0 Baths 1,048 SqFt Commercial MLS® # 201831788
4878 S Straits Highway, Indian River

$235,000

4878 S Straits Highway, Indian River

2 Beds 1 Bath 1,048 SqFt Residential MLS® # 201833218
New
Spikehorn Trail Parcel 16,17 & 18, Indian River

$235,000

Spikehorn Trail Parcel 16,17 & 18, Indian River

0 Beds 0 Baths 0 SqFt Land MLS® # 201835387
1289 Service Road, Indian River

$199,900

1289 Service Road, Indian River

0 Beds 0 Baths 0 SqFt Land MLS® # 201833791
541 Ranch Road, Indian River

$174,500

541 Ranch Road, Indian River

2 Beds 2 Baths 1,232 SqFt Residential MLS® # 201834591
3310 Cedar Lane, Indian River

$162,000

3310 Cedar Lane, Indian River

3 Beds 2 Baths 1,440 SqFt Residential MLS® # 201833833
5115 S Straits Highway Cabin 16, Indian River

$138,000

5115 S Straits Highway Cabin 16, Indian River

2 Beds 1 Bath 407 SqFt Residential MLS® # 201834819
5115 S Straits Highway Cabin 15, Indian River

$133,000

5115 S Straits Highway Cabin 15, Indian River

2 Beds 1 Bath 407 SqFt Residential MLS® # 201834818
5115 S Straits Highway Cabin 4, Indian River

$132,000

5115 S Straits Highway Cabin 4, Indian River

2 Beds 1 Bath 407 SqFt Residential MLS® # 201835228
4732 S Straits Highway, Indian River

$125,000

4732 S Straits Highway, Indian River

0 Beds 0 Baths 0 SqFt Land MLS® # 201832546
4732 S Straits Highway, Indian River

$125,000

4732 S Straits Highway, Indian River

0 Beds 0 Baths 0 SqFt Commercial MLS® # 201832964
New
Wilson Road, Indian River

$125,000

Wilson Road, Indian River

0 Beds 0 Baths 0 SqFt Land MLS® # 201835303

Indian River, MI Real Estate Market Overview

Indian River, MI Real Estate Market Overview

Nestled between Burt Lake and Mullett Lake in Northern Michigan, Indian River is a scenic haven for those seeking natural beauty, a welcoming community, and strong real estate opportunities.

Whether you're dreaming of a lakefront cabin, a cozy year-round cottage, or an investment property, this charming town offers an enticing mix of lifestyle and value. In this guide, we’ll dive deep into the ins and outs of the Indian River, MI real estate market, giving you everything you need to know to make a confident move.


Why Choose Indian River, MI?

Introduction to Indian, MI Riverfront Living

The Allure of Northern Michigan Living

There’s something magical about life in Northern Michigan. The pace is a bit slower, the air a bit fresher, and the people a lot friendlier. Indian River perfectly captures that small-town charm combined with access to world-class recreation and amenities. Whether you're relocating permanently, looking for a summer escape, or buying a second home, this region has it all.

Natural Beauty and Outdoor Recreation

Surrounded by lush forests, crystal-clear lakes, and winding rivers, Indian River is an outdoor enthusiast's dream. Boating, kayaking, and fishing are popular summer pastimes, while snowmobiling and skiing rule the winter months. The area is also part of Michigan's Inland Waterway, providing 40+ miles of connected waterways for endless exploration.

Please watch this casual drone tour of the Indian River, Michigan community.


Types of Homes for Sale in Indian River

The Allure of Waterfront Living

Indian River’s real estate market is impressively diverse. Here's what you can expect:

Waterfront Homes

With access to Burt Lake and Mullett Lake, waterfront homes are highly sought after. These properties offer private docks, panoramic lake views, and strong vacation rental potential. Prices range from mid-$400Ks for older homes to over $1M for newer builds with luxury finishes.

Cabins and Cottages

Looking for a cozy getaway? Cabins and cottages abound, especially in wooded areas and near public water access points. These are ideal for buyers looking for seasonal use or short-term rental investments.

Family Homes and Subdivisions

From modest ranches to spacious family homes, Indian River has excellent options for year-round residents. Newer subdivisions offer modern amenities, while older homes often come with character and larger lots.

Luxury Real Estate

If upscale living is your style, Indian River has you covered. Think sprawling estates with private frontage, chef’s kitchens, and top-tier finishes. These homes often attract second-home buyers and high-net-worth individuals looking for tranquility with class.


Key Neighborhoods and Communities

Burt Lake View

Mullett Lake Estates

Popular with boaters and lake lovers, this community offers prime access to Mullett Lake, paved roads, and community perks. It’s perfect for those wanting luxury and nature hand-in-hand.

Burt Lake View

With sweeping views of Burt Lake, this neighborhood features well-maintained properties and strong resale value. Family-friendly and close to schools, it’s great for both retirees and young families.

Village Core

Want to walk to shops, restaurants, or the river? Homes in the village core are quaint and convenient. You’ll find bungalows, historic homes, and smaller lots—but with unbeatable charm.


Market Trends and Real Estate Data

Real Estate Market Overview

Median Home Prices & Sales Trends

According to Realtor.com, as of early 2025:

YearMedian Sale PriceYOY Growth
2023 $312,000 +6.2%
2024 $328,500 +5.3%
2025 $342,000 (est.) +4.1%

Inventory and Days on Market

Inventory remains tight, with homes spending an average of 43 days on the market. Lakefront properties typically sell faster—sometimes within 2-3 weeks—due to high demand and limited supply.

Seasonal Trends

Summer is peak buying season. Listings rise between May and August, and so do prices. Winter offers more negotiating room, but fewer options are available.


Investment Opportunities

Investment Potential in Indian Riverfront Properties

Vacation Rentals and ROI

With Indian River being a four-season destination, vacation rentals are a hot commodity. Properties near the water can generate $30K–$70K annually, depending on size, amenities, and location. NorthernMichiganEscapes.com manages many of these rentals, making passive income easier for out-of-town owners.

Flipping and Renovation Projects

Older homes with good bones are ripe for flipping. Many 70s and 80s cabins are begging for modern upgrades—think new HVAC, kitchens, or added outdoor spaces. The ROI can be strong if you're strategic about location and renovation budget.

Long-Term Rental Market

Though smaller than metro areas, there’s steady demand for long-term rentals among retirees, seasonal workers, and remote employees. Expect consistent cash flow with lower vacancy risk.


Schools, Healthcare, and Infrastructure

Schools and Education

Indian River is served by the Inland Lakes School District, known for small class sizes and caring staff. The local elementary and high schools rank above state averages in reading and math.

Healthcare Access

McLaren Northern Michigan Hospital in Petoskey and Cheboygan Campus offer nearby access to emergency and specialty care. Urgent care and family clinics are within town limits.

Transportation and Internet

US-27 and I-75 provide direct access to Traverse City and Detroit. Internet options include high-speed fiber and satellite, with coverage continually expanding for remote work.


Tips for Buying Real Estate in Indian River

Local Amenities & Services

Choosing the Right Property

Buying real estate in Indian River isn’t a one-size-fits-all experience. Start by identifying your primary goals: Are you looking for a vacation home, full-time residence, or rental income property? From lakefront luxury to woodsy cabins, each property type offers different benefits. Make a list of must-haves—like water access, acreage, or modern upgrades—and balance that with your budget.

Financing and Mortgage Options

Many local banks, including Citizens National Bank and First Community Bank, offer competitive mortgage rates and understand the nuances of Northern Michigan properties. Vacation and second-home loans are common here, and some buyers may qualify for investment property loans if renting is the goal. Pro tip: get pre-approved before touring homes so you’re ready to strike when the right one hits the market.

Working with a Local Realtor

Navigating the Indian River real estate market is smoother with a seasoned local expert. That’s where BrookWalsh.com comes in. With deep knowledge of the area and years of experience in waterfront and investment properties, Brook and his team guide you through negotiations, inspections, and closing with confidence. Plus, they’re plugged into upcoming listings that haven’t hit the public MLS yet—a major competitive advantage.


Living in Indian River, MI Year-Round

Outdoor Activities and Local Recreation

Winter Wonderland Activities

Winter turns Indian River into a snow-covered playground. Locals and visitors alike flock to the area's extensive snowmobile trail system, which connects to hundreds of miles across Northern Michigan. Ice fishing, cross-country skiing, and cozying up by a fire become favorite pastimes. Boyne Mountain is just a short drive away for downhill skiing and tubing.

Summer on the Water

Summertime in Indian River is pure magic. Boating on Burt Lake or Mullett Lake, kayaking the Indian River, and enjoying sunsets from your dock—these are everyday luxuries here. With public access points, marinas, and boat rentals, even non-waterfront homeowners can get in on the action. Don’t forget the Inland Waterway, which offers more than 40 miles of navigable channels.

Community Events & Lifestyle

Despite its laid-back vibe, Indian River hosts plenty of events that bring folks together. The Indian River SummerFest features parades, concerts, and family fun. Weekly farmers' markets, local art shows, and the Top O' Michigan Marathon Boat Race keep things lively. Locals describe it as a “tight-knit community that feels like family.”


Testimonials from Residents

Seasonal Insights: Living Year-Round on the River

What Locals Love Most

"We moved here full-time in 2020 and haven't looked back. It's peaceful, friendly, and absolutely stunning year-round." – Sandy M.

"As a remote worker, I get to live where people vacation. It doesn’t get better than kayaking after work." – James T.

"I purchased a lakefront cottage with Brook Walsh and turned it into a rental property. His advice on ROI and upgrades was spot on." – Angela R.

Real Buyer Stories

Brook’s clients range from retirees and young families to savvy investors. One family bought a four-bedroom home near Burt Lake and transformed the walkout basement into a separate Airbnb suite. Another buyer snagged a fixer-upper near the river, renovated it, and flipped it for a 30% gain in under a year.


FAQs about Indian River Real Estate

FAQs About Indian, MI River Real Estate

1. Is Indian River a good place to buy a vacation home?

A. Absolutely. Between lake access, outdoor recreation, and rental income potential, it’s one of Michigan’s hidden gems for second homes.

2. How much do waterfront homes cost in Indian River?

A. Prices range from the mid-$400Ks for older homes to $1M+ for luxury builds on Burt or Mullett Lake.

3. Can I rent out my property as a short-term rental?

A. Yes! Many properties are vacation-rental-friendly, and NorthernMichiganEscapes.com offers full-service management.

4. What are property taxes like?

A. Taxes vary by township but are generally lower than urban areas. Waterfront homes may have slightly higher assessments.

5. Is high-speed internet available in Indian River?

A. Yes. Fiber and broadband are expanding rapidly, with most homes in town having access to reliable service for remote work.

6. What should I look for in an investment property here?

A. Location (proximity to water or trails), layout (multiple beds/baths), and condition (updated or potential to renovate) are key factors.


Conclusion: Your Dream Home Awaits

Whether you’re chasing the lakefront lifestyle, building a real estate portfolio, or simply craving a slower pace in a gorgeous setting, Indian River, MI offers the perfect blend of value, beauty, and opportunity. With year-round activities, a warm and welcoming community, and an incredibly diverse housing market, it’s no wonder more and more people are setting their sights on this Northern Michigan treasure.


Start Your Search with BrookWalsh.com

Ready to dive into the Indian River market? Don’t go it alone. Partner with the local pros at BrookWalsh.com to find the perfect property—whether it’s a family home, vacation retreat, or income-producing asset. With unparalleled market knowledge and a passion for helping clients succeed, Brook and his team are your go-to resource for all things real estate in Indian River.

Ready to take the plunge? Explore available listings at BrookWalsh.com or let Northern Michigan Escapes help you maximize rental potential with expert property management

Start searching for your dream home now.

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