Lake City MI Real Estate & Commercial for Sale

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Beds:
n/a
Baths:
Sq.Ft.:
2,600
Status:
Active
MLS#:
80047140
Type:
Business Opportunities
Subdivision:
N/A
Lot size:
0.43 Acres
Year built:
1950
Courtesy: City2Shore Real Estate Northern Michigan 231-839-0077
View additional info

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

Beds:
n/a
Baths:
Sq.Ft.:
2,151
Status:
Active
MLS#:
80045886
Type:
Industrial
Subdivision:
N/A
Lot size:
0.36 Acres
Year built:
1930
Courtesy: Five Star Real Estate - Shelby St Cadillac 231-733-3080
View additional info

ADDITIONAL INFORMATION

The iconic "Cobblestone Stationââ?¬Â? that welcomes you to the south end of Lake City offers a buyer many options. It has been used as a single family home for the last several years. The home has been completely renovated, keeping the charm of the local field stone in place. The property would make a great office space with full living facilities on the second floor, or used as more office space. Situated on a main corner with a traffic light, and a traffic count of over 10,000 cars a day, the possibilities are endless for what you could do. The main floor offers one large bedroom, bathroom, kitchen, and the living room area which showcases the old stone pillars and stone wall of the home. That area has been office and retail in prior uses. As you enter the upstairs through the arched entryway, you will find another fully finished living space. With an open floor concept there is a full kitchen, bathroom, living room, and bedroom. The architecture of the large dormers allow for plenty of floor space and natural light. Outside you will discover a small guest house, complete with a shower, toilet, and sink area. There is a fenced yard offering privacy and plenty of room to play or park your toys. With no zoning for this township, this property offers many possibilities, and would make a great two unit apartment, office or retail space with living upstairs. It would make a great short term rental investment, with the ability to have 3 separate rentable spaces plus room for RV parking. Downtown Lake City is just a bike ride away where you can enjoy the beaches of Lake Missaukee, the ââ?¬Å?Greatest Fourth in the Northââ?¬Â? celebration, and hit all of the eateries and pubs available. Come be a part of this great piece of history and see all of the charm that this property brings. With a large down payment, there could be possibilities for seller assisted financing.

Beds:
n/a
Baths:
Sq.Ft.:
5,820
Status:
Active
MLS#:
80016889
Type:
Industrial
Subdivision:
N/A
Lot size:
0.37 Acres
Year built:
1975
Courtesy: EXIT Realty Land and Lakes 231-839-6500
View additional info

ADDITIONAL INFORMATION

Business is Relocating. Building for sale only. Not business. Where can you find a mixed-use (Commerical/Residential) building for under $100 a sq ft (5820 total sq ft)? This huge income-producing opportunity is the perfect location for a medical building, restaurant, party store, office space, apartments, church, daycare center, 5 plus AirBNB's, etc. Located in the heart of Lake City and across the road from beautiful Lake Missaukee. There is a public beach right across the street. The front of the building has 3/4 large private office spaces (3180 Sq ft).All with their own 1/2 baths. There are 4 bedrooms, 2 baths (2640 sq ft) living quarters in the back. The living quarter features a 1st-floor laundry, a large living room, a huge kitchen, and a family room. There is a fenced-in backyard for kids/pets or additional parking. This property is connected to city water and sewer. Which includes garbage, recycling, and yard waste pickup. The building is currently connected to Spectrum high-speed internet. There is a nice lite sign by the road for advertising your business/businesses. The new roof was put on in the summer of 2021. The parking lot was also resealed/stripped in the summer of 2021. Take advantage of this opportunity. Seller is a licensed Real Estate Broker in the State of Michigan. Shed and Fridge are not included.

Beds:
n/a
Baths:
Sq.Ft.:
3,000
Status:
Active
MLS#:
80016799
Type:
Business Opportunities
Subdivision:
N/A
Lot size:
2 Acres
Year built:
1970
Courtesy: Five Star Real Estate - Mitchell St Cadillac 231-842-1200
View additional info

ADDITIONAL INFORMATION

Nestled amidst the serene woods of Northern Michigan, this premier Adult Foster Care facility offers an unparalleled opportunity for new ownership. Embrace the charm and warmth exuding from every corner of this meticulously maintained property. Step into a turnkey business with instant income potential! Boasting a welcoming ambiance, Seasons of Life AFC Home greets visitors with a homey atmosphere and a reputation for excellence in care. Some Key Features: Turnkey AFC home with established clientele, Meticulously maintained property, Charming and welcoming ambiance, Immediate income potential, Attractively priced at 60% of appraised value. Experience the benefits of immediate income in a well-established and respected community. This unique opportunity allows you to explore the potential of a thriving AFC home in a sought-after location. Upon purchasing the business, you will be walking in with instant equity. Don't miss out on this exceptional chance to acquire a piece of tranquility and prosperity in Northern Michigan. Schedule your viewing today and unlock the doors to your new venture at Seasons of Life AFC Home!

Beds:
n/a
Baths:
Sq.Ft.:
500
Status:
Active
MLS#:
80014842
Type:
Business Opportunities
Subdivision:
N/A
Lot size:
1.03 Acres
Year built:
2017
Courtesy: Five Star Real Estate - Mitchell St Cadillac 231-842-1200
View additional info

ADDITIONAL INFORMATION

Welcome to a once-in-a-lifetime opportunity in the heart of Lake City, Michigan, where your dream of owning a unique and captivating property comes true! Nestled in a charming and picturesque setting, this property offers not just a mini golf course but a chance to transform it into a thriving campground. With its prime location near the lake and downtown area, this property is a rare gem waiting for the right visionary to make it shine. Imagine owning your very own mini golf course that promises endless fun and entertainment for visitors of all ages. This well-maintained, 18-hole mini golf course boasts whimsical landscaping, challenging obstacles, and a delightful atmosphere. It's the perfect destination for family outings, birthday parties, corporate events, and more. Embrace the beauty of Lake City, as this property is just a stone's throw away from the stunning Lake Missaukee. Whether you're into boating, fishing, or simply enjoying serene waterfront views, the lake offers it all. Experience the charm of Lake City's downtown area, which is within walking distance from this property. Explore quaint shops, dine at local restaurants, and immerse yourself in the friendly small-town atmosphere. The possibilities are endless! With the option to transform the mini golf course into a campground, you have the opportunity to tap into a lucrative market. Lake City is a popular destination for outdoor enthusiasts, and your campground could cater to campers, RV travelers, and nature lovers. Investment Potential: This property offers an excellent investment opportunity. Capitalize on Lake City's popularity as a tourist destination and create a business venture that's both profitable and enjoyable. Infrastructure: The property may already have essential infrastructure in place, such as utilities and parking facilities, reducing the cost and effort of development. Video: https://vimeo.com/859946345?share=copy

Beds:
n/a
Baths:
Sq.Ft.:
900
Status:
Active
MLS#:
80011997
Type:
Business Opportunities
Subdivision:
N/A
Lot size:
0.11 Acres
Year built:
2012
Courtesy: Five Star Real Estate - Mitchell St Cadillac 231-842-1200
View additional info

ADDITIONAL INFORMATION

Prime Location on High-Traffic M-66 in Lake City, Michigan Are you passionate about the culinary arts or dream of owning your own business? This turn-key opportunity, nestled in the heart of Lake City, offers an ideal setting. Located along the bustling M-66 thoroughfare, where over 10,000 vehicles pass daily, this property holds immense potential. Formerly home to the successful Rustic Hog, which has since moved nearby, this spot is ripe for a thriving venture, be it a hot dog stand or another concept catering to the burgeoning Lake City community. Investors seeking a piece of this promising location are also welcome. If you're interested in purchasing the lot separately from the food trailer, please reach out to the listing agent for pricing details. Please note that the sale does not include any smokers, and a non-compete agreement will be required upon closing. Don't miss out on this exceptional business opportunity in a prime Lake City location!

Beds:
n/a
Baths:
Sq.Ft.:
1,400
Status:
Active
MLS#:
80004482
Type:
Business Opportunities
Subdivision:
L
Lot size:
0.25 Acres
Year built:
1980
Courtesy: City2Shore Real Estate Northern Michigan 231-839-0077
View additional info

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.

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307

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

Lake City is located in Michigan. Lake City, Michigan has a population of 996. Lake City is more family-centric than the surrounding county with 33.88% of the households containing married families with children. The county average for households married with children is 27.3%.

The median household income in Lake City, Michigan is $47,500. The median household income for the surrounding county is $42,370 compared to the national median of $57,652. The median age of people living in Lake City is 37 years.

Lake City Weather

The average high temperature in July is 80.6 degrees, with an average low temperature in January of 9.5 degrees. The average rainfall is approximately 33 inches per year, with 68.6 inches of snow per year.

Lake City Map

Lake City Real Estate Market Conditions

  • Median sales price

    $280,000
    9.31%
    change since last quarter
  • # Active listings

    64
    30-day change

Lake City Schools and Demographics

Education near Lake City, MI

City County
High School Graduates 92.63 88.13
College Degree - 2 year 8.46 10.88
College Degree - 4 year 16.46 13.42
Graduate Degree 4.23 3.66
Expenditures per Student 9,723 9,222
Students per Teacher 18 19

Elementary Schools near Lake City, MI

Grades Students P/T Ratio ZIP
FIFE Lake Elementary School KG - 04 197 18.2 49633
Lake City Elementary School KG - 05 508 19 49651
Manton Consolidated Elementary School PK - 04 361 18.7 49663
McBain Elementary School PK - 04 399 18.1 49657

Middle Schools near Lake City, MI

Grades Students P/T Ratio ZIP
Forest Area Middle School 05 - 08 166 16.4 49633
Lake City Lower Elementary School KG - 02 260 21 49651
Lake City Middle School 06 - 08 267 16.2 49651
Manton Consolidated Middle School 05 - 08 280 20.9 49663
McBain Middle School 05 - 08 310 20.2 49657

High Schools near Lake City, MI

Grades Students P/T Ratio ZIP
Forest Area High School 09 - 12 172 19.9 49633
Lake City High School 09 - 12 340 20.5 49651
Manton Consolidated High School 09 - 12 285 19 49663
McBain High School 09 - 12 298 21.8 49657

Demographics near Lake City, MI

City County
Neighborhood Type Rural
Population 996 14,982
Population Density 950 27
Median Age 37 43.4
People per Household 2.8 2.5
Median Household Income 47,500 42,370
Average Income per Capita 19,863 21,805

Real estate near Lake City