Take advantage of this 7.5-acre parcel of commercial property in a prime location! It is situated on a main thoroughfare between Cadillac and Lake City offering quick and easy access to these sought after towns in northern Michigan. Because the traffic is consistently steady, the possibility to build and create your own business in an area that assures being seen and noticed by the public is a great opportunity. Take advantage of pursuing your dreams today!
Take advantage of this 7.5-acre parcel of commercial property in a prime location! It is situated on a main thoroughfare between Cadillac and Lake City offering quick and easy access to these sought after towns in northern Michigan. Because the traffic is consistently steady, the possibility to build and create your own business in an area that assures being seen and noticed by the public is a great opportunity. Take advantage of pursuing your dreams today!
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.
The Town Pump Saloon, a historic gem in the heart of Lake City, is now available! As one of the longest-standing businesses in town, this beloved establishment has been a cherished destination for locals and vacationers alike. Situated in an ideal downtown location with a stunning view overlooking Lake Missaukee, this property offers both charm and opportunity. The bar itself is approximately 2,300 square feet, with an additional 2,300 square feet of patio space, making it perfect for gatherings and events. Known for its welcoming atmosphere, the Town Pump Saloon lives up to its motto: "Where Friends Meet." Owned and operated by the same family for decades, this historic marker has become a cornerstone of the community. Whether you're looking to continue its legacy or start something new, this is your chance to own a piece of Lake City history. Don�t miss this rare opportunity to own a thriving business in a prime location!
Incredible opportunity to own a highly visible commercial property just steps from Lake Missaukee, an 1,800-acre all-sports lake. This restaurant - Bar includes three lots with lake views and easy access by foot, car, or boat. The 2,500 sq. ft. building is fully equipped and ready for immediate use. Features include a state-of-the-art commercial kitchen, full bar setup, server/hostess stations, and a complete inventory of equipment. The interior offers a spacious dining area, chefââ?¬â?¢s kitchen, soup and salad prep area, two public restrooms, private staff restroom, and utility storage. The lower level includes office space, laundry, and storage. Outdoor amenities include patio seating with tables, umbrellas, and chairs. The building is wired for a security system and includes a built-in BOSE sound system. Located in the heart of Lake City, this property is surrounded by year-round tourism and community events like ââ?¬Å?The Greatest Fourth in the North,ââ?¬Â ââ?¬Å?Festival of the Pines,ââ?¬Â and winter activities including ice fishing and snowmobiling. This turnkey business location offers endless potentialââ?¬â?perfect for entrepreneurs ready to bring a new vision to life in a thriving lakefront town.
What started as a small bakery in 1976 led to Don's All American Pizza today. This building and business have been locally owned and operated for over 20 years. Now is your chance to continue the local tradition of offering a slice of pizza and smiley face cookies to the thousands of passersby. Located just north of the M-55 and M-66 intersection you couldn't ask for a more visible location for your business. Included in the sale; 2 door natural gas pizza oven, a newer pizza table, a 3 shelf convection oven, commercial grade mixer, 2 stand up freezers, 1 pop cooler, 10x10 walk in cooler and more. Continue the current business operations or start your own venture.
What started as a small bakery in 1976 led to Don's All American Pizza today. This building and business have been locally owned and operated for over 20 years. Now is your chance to continue the local tradition of offering a slice of pizza and smiley face cookies to the thousands of passersby. Located just north of the M-55 and M-66 intersection you couldn't ask for a more visible location for your business. Included in the sale; 2 door natural gas pizza oven, a newer pizza table, a 3 shelf convection oven, commercial grade mixer, 2 stand up freezers, 1 pop cooler, 10x10 walk in cooler and more. Continue the current business operations or start your own venture.
Rare Mixed-Use Investment Opportunity on Lake Missaukeeââ?¬â?¢s Pristine Waterfront Positioned on 60 feet of private shoreline along 1,880-acre all-sports Lake Missaukee, this versatile mixed-use commercial property offers the best of both worldsââ?¬â?immediate income potential and long-term lifestyle value. The back of the building features a spacious three-bedroom, three-bath apartment, complete with a primary suite offering a large closet and private bath, two ample size guest bedrooms and guest full bath, a large laundry room with wash sink, and a four-season porch that delivers panoramic lake views all year round with private side entrance and parking. On the commercial side in the front of the building, 1,535 sq. ft. of office space, the layout includes multiple office spaces; a large main common area with reception area, break room, private office, and back officeââ?¬â?ideal for operating a business or leasing to professional tenants. Building is next to Public Miltner Beach, a public sandy beach and a small boat launch, creating even more value for tenants or guests. Located directly on M-66/S. Main Street, this property is just steps from downtown Lake Cityââ?¬â?¢s dining, shopping, and seasonal events. Itââ?¬â?¢s also a short drive to Traverse City, Lake Michigan, ski resorts, and ORV trailsââ?¬â?making it a magnet for both locals and tourists. Watch the July 4th fireworks right your window or small patio area during Lake Cityââ?¬â?¢s ââ?¬Å?Greatest Fourth in the Northââ?¬Â, or enjoy year-round activities like the Polar Plunge, Festival of the Pines, and unbeatable Northern Michigan sunsets. Whether youââ?¬â?¢re an investor seeking a cash-flowing asset with future upside or a buyer looking for a unique live/work/lakefront combo, this property delivers flexibility, location, and undeniable charmââ?¬â?all in one dynamic package. Sale includes all furnishings in the office space and apartment.
Turnkey 8-Unit Multifamily with Expansion Opportunities ââ?¬â?? Lake City, MI Located on high-traffic M-66/S. Lakeshore Drive on the south end of Lake City, this fully rented 8-unit apartment complex offers a rare mix of stable income, development potential, and prime visibility in one of Northern Michiganââ?¬â?¢s most active four-season markets. Current Configuration: ââ?¬Â¢ 6 double-bed units w/ kitchenettes & full baths ââ?¬Â¢ 2 king-bed units w/ kitchenettes & full baths ââ?¬Â¢ Approx. 2,448 sq. ft. of total living space ââ?¬Â¢ Fully occupied with an average rent of $750/month Property Highlights: ââ?¬Â¢ 2.11-acre lot with room to build additional units ââ?¬Â¢ 80 x 34 pool house featuring separate menââ?¬â?¢s & womenââ?¬â?¢s bathrooms ââ?¬â?? can be restored as an indoor pool facility or converted into additional rentals (local builder's rendering available) ââ?¬Â¢ 56 x 24 pole barn for storage rental or added income Location Perks: Just across the road from Lake Missaukeeââ?¬â?¢s sandy shoreline and crystal-clear water, this location is a tenant favorite. Close to downtown dining, shopping, and seasonal events, and just a short trip to Traverse City, Lake Michigan, ski resorts, and miles of ORV trails. Watch July 4th fireworks from your boat during the ââ?¬Å?Greatest Fourth in the North.ââ?¬Â Our Northern Michigan town has so many events to enjoy all four seasons: Polor Plunge and ice fishing in the winter, the Greatest Fourth in the North with fireworks, grand parade and more in the summer, Festival of the Pines in the Fall, just to name a few. This property offers a rare blend of immediate cash flow with future upside ââ?¬â? perfect for investors ready to capitalize on one of Michiganââ?¬â?¢s most dynamic small-town markets. Income: Avg. Monthly Rent $750 for 8 units Expenses: Monthly Electric/Gas $550, Monthly Garbage $100, Monthly City Water/Sewer $130, Monthly Snowplow/Grass $100, Annual Insurance $4,200
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.
**Prime Commercial Real Estate Opportunity – High-Traffic Corner Parcel in NW Michigan** Discover an exceptional development opportunity at the bustling intersection of M-66 and M-55 in Lake City. Located across from McDonald's and a busy gas station, this large, level corner lot boasts premium visibility and accessibility, with frontage on three streets and city services readily available. Near a busy traffic light and on the main town's thoroughfare, the site enjoys consistent exposure to high vehicle traffic, making it ideal for businesses seeking maximum visibility. Access is convenient and reliable with paved, county-maintained roads surrounding the property. The level terrain offers a blank slate for seamless development, perfectly suited for office space, health services, or retail ventures. Positioned in a growing area this property is a rare find for developers and investors looking to capitalize on a strategic location. **Highlights:** - Location: Corner lot at M-66/M-55 intersection - Frontage: Main, Park & Front Street - Access: Paved, county-maintained roads - Utilities: City services available - Topography: Level, cleared - Potential Uses: Office, health services, retail, commercial Seize this opportunity to bring your vision to life in a highly visible and accessible location.
**Prime Commercial Real Estate Opportunity ââ?¬â?? High-Traffic Corner Parcel in NW Michigan** Discover an exceptional development opportunity at the bustling intersection of M-66 and M-55 in Lake City. Located across from McDonald's and a busy gas station, this large, level corner lot boasts premium visibility and accessibility, with frontage on three streets and city services readily available. Near a busy traffic light and on the main town's thoroughfare, the site enjoys consistent exposure to high vehicle traffic, making it ideal for businesses seeking maximum visibility. Access is convenient and reliable with paved, county-maintained roads surrounding the property. The level terrain offers a blank slate for seamless development, perfectly suited for office space, health services, or retail ventures. Positioned in a growing area this property is a rare find for developers and investors looking to capitalize on a strategic location. **Highlights:** - Location: Corner lot at M-66/M-55 intersection - Frontage: Main, Park & Front Street - Access: Paved, county-maintained roads - Utilities: City services available - Topography: Level, cleared - Potential Uses: Office, health services, retail, commercial Seize this opportunity to bring your vision to life in a highly visible and accessible location.
Lake City is located in Michigan. 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.
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.
