Lake City MI Commercial for Sale
$1,100,000
214 Main Lake City, MI 49651
- Type:
- Industrial
- Sq.Ft.:
- 6,554
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.5 Acres
- Year built:
- 1965
- Baths:
- MLS#:
- 80050056
- Subdivision:
- None
ADDITIONAL INFORMATION
Discover the perfect investment opportunity with the Lake View Motel & Gift Shop, family owned and operated for 40 years and situated on the picturesque shores of Lake Missaukee. The only resort remaining on Lake Missaukee, along with the only gas on the lake with easy access via the fuel dock. This property offers 178.5 feet of prime lakefront, complete with a paved boat ramp and gas pump, making it an ideal spot for water enthusiasts and vacationers alike. The property offers 11 immaculate units, each beautifully maintained and thoughtfully decorated, offering guests a comfortable and stylish stay with breathtaking lake views. The charming gift shop is perfect for showcasing local crafts, souvenirs, and essentials. This well-positioned shop complements the motel, creating additional revenue streams and enhancing guest experience. The owner/manager�s apartment is a two bedroom, two bath comfortable residence, providing convenience and privacy while overseeing the operations. Lake View Motel sits immediately adjacent Miltner Park and Public Beach with 100�s of feet of beautiful sandy beach. Additional recreational amenities offered directly across the street include Veterans Memorial Park, the public library, tennis, pickleball and basketball courts. This is a unique opportunity to own a well-positioned motel that offers both a serene lakeside setting and proximity to community facilities. Enjoy the lifestyle of lakefront living while managing a profitable business with three revenue streams generated by the motel, gift shop and boat fueling station. Perfect for investors, those looking to expand their real estate portfolio or those simply looking for a lifestyle change. ** The two story motel with seven units was built in 2011; four units attached to the main building were built in 2009; the owners/manager's living area was built in 1987 and the store was updated in appx 2014. All in excellent condition and perfectly maintained.
$154,900
130 N Main Lake City, MI 49651
- Type:
- Business Opportunities
- Sq.Ft.:
- 1,468
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1953
- Baths:
- MLS#:
- 80049367
- Subdivision:
- None
ADDITIONAL INFORMATION
This commercial office building, located on a coveted corner lot in the heart of downtown Lake City, just feet from the famous Tasty Treat, offers a fantastic opportunity for investors or business owners alike. This 1,468 square feet building offers three offices, a employee kitchen, public and employee bathroom and common space used currently for retail, this property has been maintain over the years, updated roof and some flooring. There is private parking and with the location on M-66 it has a high traffic count, ensuring excellent visibility and accessibility. Currently leased to a reliable tenant, this property provides a steady income stream with the option to continue leasing or to bring your own business vision to life. The flexible layout is ready for your imagination, offering endless possibilities to tailor the space to your specific needs, there has been in the past an apartment in the rear of the building. This small up north town has so much to offer from it's lake's clear waters and sandy shorelines or the city dock located downtown where patrons can take a short boat ride form their lake home and unload to enjoy the restaurants, shopping, and entertainment. Watch from the steps of the building the July 4th parade, fireworks and August car show to name a few, out town boosts four seasons of fun. Whether you're looking to invest, expand your business, or start a new venture, this prime location offers the perfect foundation for success.
$275,000
1968 S Morey Lake City, MI 49651
- Type:
- Business Opportunities
- Sq.Ft.:
- 10,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.99 Acres
- Year built:
- 1980
- Baths:
- MLS#:
- 80047727
- Subdivision:
- Cobblestone Plaza
ADDITIONAL INFORMATION
Great business opportunity, great location, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors this 10,000 square feet retail building has long term leases in place with established businesses. This commercial building has two many areas with separate entrances and a large shared parking lot. The larger leased space is approx. 6,000 sq. ft. and then the south side is approx. 4,000 sq. ft. Laura's Needful Things in the bigger area located on the north end and then Gamer's Gambit located at the south entrance, both spaces have restrooms and many smaller office options and ample storage. According to MDOT (Michigan Dept. of Transportation), approx. 10,000 vehicles cruise thru Lake City on a daily basis. The plaza's has two other businesses that flanked this space that bring customers as well for foot traffic. The roof has been updated as well. Seller has currently updated all the lights to LED and it much more efficient. There is a new furnace system in the Gamer's Gambit section, as well. Shared well. The current active year to year leases with Gamer's Gambit LLC through February 2024 and Lake City Needful Items through July 2023, both for $1,500 per month installments, plus they pay their own utilities, water and insurance.
$360,000
119 N Main Lake City, MI 49651
- Type:
- Business Opportunities
- Sq.Ft.:
- 2,600
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.43 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- 80047140
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Discover a rare opportunity to own a prestigious restaurant building in the heart of downtown Lake City, strategically located within walking distance to beautiful Lake Missaukee and across from the renowned Tasty Treat! This property offers more than just a building; it promises a coveted slice of Lake City's vibrant culinary and community scene. This property boasts a prime location with views of Lake Missaukee. It benefits from being in a high-traffic area, drawing an estimated 15,000 passers-by daily. Its proximity to Lake Missaukee enhances its allure, making it an attractive destination for locals and tourists alike. The restaurant building includes 27 dedicated parking spots, ensuring convenient access for patrons. No-step entry makes it easily accessible. The interior comfortably seats up to 110 guests, providing a cozy yet spacious dining experience. Most of the restaurant's inventory can be included with the building, facilitating a smooth transition for prospective buyers. The property features a full turn-key kitchen, ideal for those intending to continue its use as a restaurant. Additionally, a sizable basement offers ample storage space, a valuable asset for any business operation. Lake City is renowned for its vibrant community spirit and hosts events such as the Greatest Fourth in the North and draws tourists throughout the year. Whether you envision continuing it as a restaurant or repurposing the space for other commercial ventures, this property presents immense potential. The combination of prime positioning, comprehensive facilities, excellent parking, close proximity to Lake Missaukee and community appeal makes it a standout investment in beautiful Lake City! Don't miss out on the chance to own a piece of this dynamic community and capitalize on its promising future. Please note that the business is not for sale. Just the property/building. Most furnishings, furniture, equipment, inventory, decor to go with the sale of the building. SEE VIDEO
$349,900
137 N Front Lake City, MI 49651
- Type:
- Business Opportunities
- Sq.Ft.:
- 1,400
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1980
- Baths:
- MLS#:
- 80004482
- Subdivision:
- L
ADDITIONAL INFORMATION
Chance of a lifetime for someone desiring to own and operate a successful restaurant business that has been in operating for almost 20 years under current owner. The business is open and in operation currently. Owner is still working but is at retirement stage, is the only reason for the sale. Current hours of operation are Wed- Sun 11-8.(was open 6 days per week in 2021) Company employs 5 people currently between cooks, prep cooks, and wait staff. Sale includes all real estate, shed, business, phone number, all equipment and inventory. Well maintained business with updated equipment, ventilation system, new roof in 2022.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Lake City Real Estate
The median home value in Lake City, MI is $264,900. This is higher than the county median home value of $164,700. The national median home value is $338,100. The average price of homes sold in Lake City, MI is $264,900. Approximately 53.42% of Lake City homes are owned, compared to 17.72% rented, while 28.86% are vacant. Lake City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake City real estate agent to arrange a tour today!
Lake City, Michigan has a population of 767. Lake City is more family-centric than the surrounding county with 30.46% of the households containing married families with children. The county average for households married with children is 27.63%.
The median household income in Lake City, Michigan is $51,719. The median household income for the surrounding county is $50,695 compared to the national median of $69,021. The median age of people living in Lake City is 39.3 years.
Lake City Weather
The average high temperature in July is 80.1 degrees, with an average low temperature in January of 10 degrees. The average rainfall is approximately 32.5 inches per year, with 68.8 inches of snow per year.