Lake City MI Real Estate & Commercial for Sale

17 Properties Found

The median home value in Lake City, MI is $220,000 This is lower than the county median home value of $738,229. The national median home value is $308,980. The average price of homes sold in Lake City, MI is $220,000. Approximately 43% of Lake City homes are owned, compared to 16% rented, while 40% are vacant. Lake City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Lake City real estate agent to arrange a tour today!
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1–17 of 17 properties displayed
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$589,900

1263 S Lakeshore Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
5,820
Status:
NEW LISTING
MLS#:
78080016889
Type:
Business Opportunities
Subdivision:
n/a
Lot size:
0.37 Acres
Year built:
1975
A broker reciprocity listing Courtesy: EXIT Realty Land and Lakes
View additional info

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.

$589,900

1263 S Lakeshore Drive Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
5,820
Status:
NEW LISTING
MLS#:
80016889
Type:
Business Opportunities
Subdivision:
n/a
Lot size:
0.37 Acres
Year built:
1975
A broker reciprocity listing Courtesy: Sara Crawford Martinez - EXIT Realty Land and Lakes 231-839-6500 Sara Crawford Martinez
View additional info

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.

$999,900

2033 W Moorestown Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
3,000
Status:
NEW LISTING
MLS#:
78080016799
Type:
Business Opportunities
Subdivision:
n/a
Lot size:
2 Acres
Year built:
1970
A broker reciprocity listing Courtesy: Five Star Real Estate - Mitchell St Cadillac
View additional info

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!

$999,900

2033 W Moorestown Road Lake City, MI 49651

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

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!

$184,900

131 S Main Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
1,500
Status:
NEW LISTING
MLS#:
78080016770
Type:
Business Opportunities
Subdivision:
none
Lot size:
0.08 Acres
Year built:
1950
A broker reciprocity listing Courtesy: EXIT Realty Land and Lakes
View additional info

Location, Location, Location! This commercial storefront has one of the best views of Lake Missuakee. The building has been a flower shop for over 25 years. Continue the tradition or bring something exciting and new to Lake City. The current owners have done several upgrades over the last few years. Such as a new rolled rubber roof with 5 inches of sprayed insulation (4 years), New electrical box (3 years), New windows and door (4 years), and a new cooler condenser (3 years). The property features a half bathroom, a Large commercial sink, a 5x8 walk-in cooler, and a back entrance. Buy now and be a part of the Reimagine M-66 corridor and the Pure Michigan M-55 Campaign process.

$184,900

131 S Main Street Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
1,500
Status:
NEW LISTING
MLS#:
80016770
Type:
Business Opportunities
Subdivision:
none
Lot size:
0.08 Acres
Year built:
1950
A broker reciprocity listing Courtesy: Sara Crawford Martinez - EXIT Realty Land and Lakes 231-839-6500 Sara Crawford Martinez
View additional info

Location, Location, Location! This commercial storefront has one of the best views of Lake Missuakee. The building has been a flower shop for over 25 years. Continue the tradition or bring something exciting and new to Lake City. The current owners have done several upgrades over the last few years. Such as a new rolled rubber roof with 5 inches of sprayed insulation (4 years), New electrical box (3 years), New windows and door (4 years), and a new cooler condenser (3 years). The property features a half bathroom, a Large commercial sink, a 5x8 walk-in cooler, and a back entrance. Buy now and be a part of the Reimagine M-66 corridor and the Pure Michigan M-55 Campaign process.

$209,900

5885 W Denyes Drive Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
3,072
Status:
Active
MLS#:
72024008546
Type:
Business Opportunities
Subdivision:
Missaukee Industrial Park No.1
Lot size:
15 Acres
Year built:
1997
A broker reciprocity listing Courtesy: Coldwell Banker Schmidt Cadillac
View additional info

Many possible uses or opportunities for the next owner of this property. Situated on 15 acres adjacent to state land is a 32 x 96 insulated building currently equipped for a fully automated cannabis cultivation operation. All lights and equipment needed for a turnkey operation included at this price. Seller would consider removing all the equipment and selling for a lesser price to be negotiated. Building has a large paved driveway and parking pad out front, 400 amp power service , 2 5 ton heating/cooling units, well, septic and newer hot water heater are just a few more perks of this building and property. Much more could be said about the potential or possible uses for the building.

$209,900

5885 W Denyes Drive Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
3,072
Status:
Active
MLS#:
70391022
Type:
Business Opportunities
Lot size:
15 Acres
Year built:
1997
A broker reciprocity listing Courtesy: Amy Wagner - Coldwell Banker Schmidt Cadillac (231) 775-1737 Amy Wagner
View additional info

Many possible uses or opportunities for the next owner of this property. Situated on 15 acres adjacent to state land is a 32 x 96 insulated building currently equipped for a fully automated cannabis cultivation operation. All lights and equipment needed for a turnkey operation included at this price. Seller would consider removing all the equipment and selling for a lesser price to be negotiated. Building has a large paved driveway and parking pad out front, 400 amp power service , 2 5 ton heating/cooling units, well, septic and newer hot water heater are just a few more perks of this building and property. Much more could be said about the potential or possible uses for the building.

$379,000

406 N Houghton Lake Rd Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
500
Status:
Active
MLS#:
78080014842
Type:
Business Opportunities
Subdivision:
N/A
Lot size:
1.03 Acres
Year built:
2017
A broker reciprocity listing Courtesy: Five Star Real Estate - Mitchell St Cadillac
View additional info

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

$379,000

406 N Houghton Lake Road Lake City, MI 49651

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
A broker reciprocity listing Courtesy: Justin Lewis - Five Star Real Estate - Mitchell St Cadillac 231-842-1200 Justin Lewis
View additional info

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

$209,900

5885 W Denyes Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
3,072
Status:
Active
MLS#:
78080014803
Type:
Business Opportunities
Subdivision:
Missaukee Industrial Park
Lot size:
15 Acres
Year built:
1997
A broker reciprocity listing Courtesy: Coldwell Banker Schmidt-Cadillac
View additional info

Many possible uses or opportunities for the next owner of this property. Situated on 15 acres adjacent to state land is a 32 x 96 Pole Building with over 3000 total square feet. Building is fully insulated has a large paved driveway and parking pad out front, half bath, 400 amp power service , 2 large 5 ton heating/cooling units, well, septic and newer hot water heater. Immediate Possession.

$209,900

5885 W Denyes Drive Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
3,072
Status:
Active
MLS#:
80014803
Type:
Business Opportunities
Subdivision:
Missaukee Industrial Park
Lot size:
15 Acres
Year built:
1997
A broker reciprocity listing Courtesy: Jeffrey Wagner - Coldwell Banker Schmidt-Cadillac 231-775-1737 Jeffrey Wagner
View additional info

Many possible uses or opportunities for the next owner of this property. Situated on 15 acres adjacent to state land is a 32 x 96 Pole Building with over 3000 total square feet. Building is fully insulated has a large paved driveway and parking pad out front, half bath, 400 amp power service , 2 large 5 ton heating/cooling units, well, septic and newer hot water heater. Immediate Possession.

$159,900

104 N Main Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
900
Status:
Active
MLS#:
78080011997
Type:
Business Opportunities
Subdivision:
N/A
Lot size:
0.11 Acres
Year built:
2012
A broker reciprocity listing Courtesy: Five Star Real Estate - Mitchell St Cadillac
View additional info

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!

$159,900

104 N Main Lake City, MI 49651

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
A broker reciprocity listing Courtesy: Justin Lewis - Five Star Real Estate - Mitchell St Cadillac 231-842-1200 Justin Lewis
View additional info

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!

$369,900

137 N Front St Lake City, MI 49651

Beds:
n/a
Baths:
Sq.Ft.:
1,400
Status:
Active
MLS#:
78080004482
Type:
Business Opportunities
Subdivision:
l
Lot size:
0.25 Acres
Year built:
1980
A broker reciprocity listing Courtesy: City2Shore Real Estate Northern Michigan
View additional info

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.

$369,900

137 N Front Street Lake City, MI 49651

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
A broker reciprocity listing Courtesy: Michelle Geiger - City2Shore Real Estate Northern Michigan 231-839-0077 Michelle Geiger
View additional info

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.

$1,200,000

3706 W M-55 Lake City, MI 48661

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
5050067431
Type:
Business Opportunities
Lot size:
20 Acres
A broker reciprocity listing Courtesy: Mason Group LLC
View additional info

20 Acres Vacant land Exit 215 I-75 on M-55 across from New Meijer. Zoned B-3 Highway

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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 MiRealSourceby 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.

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