Lake City MI Real Estate & Commercial for Sale

10 Properties Found

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Beds:
n/a
Baths:
Sq.Ft.:
2,300
Status:
NEW LISTING
MLS#:
80053796
Type:
Business Opportunities
Subdivision:
Lake City Commercial ECF
Lot size:
0.05 Acres
Year built:
1900
Courtesy: Five Star Real Estate - Mitchell St Cadillac 231-842-1200
View additional info

ADDITIONAL INFORMATION

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!

Beds:
n/a
Baths:
Sq.Ft.:
2,000
Status:
Active
MLS#:
80053704
Type:
Business Opportunities
Subdivision:
N/A
Lot size:
1.16 Acres
Year built:
1989
Courtesy: ERA Greater North Properties 231-779-8088
View additional info

ADDITIONAL INFORMATION

Commercial building, currently operating as an automotive mechanic's shop, offers a 40x50 space with 16-foot ceilings, providing plenty of room for a variety of business uses. The building features two large bays, two hoists, and an 80 gal air compressor, making it a turnkey operation for automotive or other industrial needs. Situated on a spacious 1.16-acre lot within the city limits, the property offers convenient access to major roads and local amenities. This is a fantastic opportunity for business owners looking for a functional and easily accessible commercial space.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
80053612
Type:
Industrial
Subdivision:
None
Lot size:
0.72 Acres
Courtesy: Coldwell Banker Schmidt-Cadillac 231-775-1737
View additional info

ADDITIONAL INFORMATION

**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.

Beds:
n/a
Baths:
Sq.Ft.:
13,080
Status:
Active
MLS#:
80053011
Type:
Industrial
Subdivision:
Cobblestone Plaza
Lot size:
0.83 Acres
Year built:
1980
Courtesy: City2Shore Real Estate Northern Michigan 231-839-0077
View additional info

ADDITIONAL INFORMATION

Great business opportunity, great location with two major roads, end of the plaza unit, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors over 13,000 square feet retail building , this commercial building is ready for your own business idea and a large shared parking lot. There are two bathrooms and office space and a separate storage area. The large open retails space has been cleaned and ready for the your next venture. MDOT (Michigan Dept. of Transportation), approx. 15,000 vehicles cruise thru Lake City on a daily basis. The plaza's has three other businesses that are north of this end unit and this space that bring customers as well for foot traffic. Seller has currently updated lights to LED to it much more efficient and put on a new roof.

Beds:
n/a
Baths:
Sq.Ft.:
6,554
Status:
Active
MLS#:
80050056
Type:
Industrial
Subdivision:
None
Lot size:
0.5 Acres
Year built:
1965
Courtesy: COLDWELL BANKER SCHMIDT REALTORS-HL 989-366-5522
View additional info

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.

Beds:
n/a
Baths:
Sq.Ft.:
1,468
Status:
Active
MLS#:
80049367
Type:
Business Opportunities
Subdivision:
None
Lot size:
0.1 Acres
Year built:
1953
Courtesy: City2Shore Real Estate Northern Michigan 231-839-0077
View additional info

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.

Beds:
n/a
Baths:
Sq.Ft.:
2,050
Status:
Active
MLS#:
1924753
Type:
Office
Year built:
1968
Courtesy: Three West, LLC 231-534-5225
View additional info

ADDITIONAL INFORMATION

Beds:
n/a
Baths:
Sq.Ft.:
10,000
Status:
Active
MLS#:
80047727
Type:
Business Opportunities
Subdivision:
Cobblestone Plaza
Lot size:
0.99 Acres
Year built:
1980
Courtesy: City2Shore Real Estate Northern Michigan 231-839-0077
View additional info

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.

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.:
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 2025 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 2025 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.
Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright© Northern Great Lakes REALTORS® MLS. All Rights Reserved.



Lake City Real Estate

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.

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.

Lake City Map

Lake City Real Estate Market Conditions

  • Median sales price

    $185,000
    19.8%
    change since last quarter
  • # Active listings

    75
    30-day change

Lake City Schools and Demographics

Education near Lake City, MI

City County
High School Graduates 92.82 90.16
College Degree - 2 year 5.83 11.44
College Degree - 4 year 25.63 15.22
Graduate Degree 6.41 3.42
Expenditures per Student 11,303 11,303
Students per Teacher 18 18

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 Small town
Population 767 15,038
Population Density 732 27
Median Age 39.3 42.5
People per Household 2.6 2.5
Median Household Income 51,719 50,695
Average Income per Capita 27,089 25,856

Real estate near Lake City