Lake City, MI Apartment buildings for sale

Lake City Multifamily Investment Opportunity

$420,000

4,880 SF

Lake City Multifamily Investment Opportunity

1341 S Lakeshore Drive, Lake City, MI 49651

Turnkey 8-unit multifamily property with expansion potential in Lake City, MI.

Turnkey, fully occupied 8‑unit multifamily property providing immediate cash flow.
Significant expansion potential on a 2.11‑acre lot, allowing for the construction of additional units.
High‑visibility location on M‑66/S. Lakeshore Drive in a desirable four‑season market.
Existing pool house (80 x 34) offers options for restoration or conversion into rental units.
Includes a 56 x 24 pole barn, providing opportunities for storage rental and added income.

Updated: Apr 15, 2025

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Turnkey Multifamily with Expansion Potential

$420,000

2,448 SF

Turnkey Multifamily with Expansion Potential

Lake City, MI 49651

Fully rented 8-unit apartment complex with development potential.

Turnkey, fully rented 8‑unit apartment complex providing immediate, stable income.
Significant expansion potential on a 2.11‑acre lot.
High‑visibility location on M‑66/S. Lakeshore Drive.
Includes an 80 x 34 pool house, suitable for restoration or conversion.
Proximity to Lake Missaukee, downtown Lake City, and other Northern Michigan attractions.

Updated: Apr 20, 2025

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Lake City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Mixed-Use Building in Traverse City

$1,400,000

3,250 SF

Historic Mixed-Use Building in Traverse City

Unique mixed-use property in prime Traverse City location.

601 Randolph Street, Traverse City, MI 49684

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$1,400,000

Historic Mixed-Use Building Near West Bay

Unique mixed-use property in prime location near shopping and dining.

601 Randolph St, Traverse City, MI 49684

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$229,000

Downtown Cadillac Mixed-Use Building

Mixed-use building with commercial space and residential apartments.

216 S Mitchell Street, Cadillac, MI 49601

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$229,000

3,300 SF

Downtown Cadillac Mixed-Use Opportunity

Prime commercial building with residential income in downtown Cadillac.

216 S Mitchell Street, Cadillac, MI 49601

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$650,000

3.70 Acres

Land Near Shepherd University

Prime land near Shepherd University with development potential.

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

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$250,000

0.23 Acres

Central Business Zoned Development Land

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

107 HOWARD Street, La Plata, MD 20646

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$2,500,000

5.94 Acres

Asheville Development Opportunity: 5.94 Acres

5.94-acre parcel zoned RM6, ideal for multi-family development.

215 N Bear Creek Road, Asheville, NC 28806

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Brooklyn Two-Family Home with Development Potential

$1,888,888

2,660 SF

Brooklyn Two-Family Home with Development Potential

Two-family home on a large lot with significant development potential.

69 Martense Street, Brooklyn, NY 11226

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Lake City, MI Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Lake City, MI on our real estate platform. These investment opportunities span a total of 7,328 square feet of properties for sale, with an estimated market value of $840,000.

Sale prices for two-family homes in Lake City, MI start at $420,000, averaging $420,000, and reaching up to $420,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49651	$420K

Neighborhood

Average Price

49651

$420K