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    Lake City, MI Commercial Real Estate for Sale

    7 results
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    Lake City Multifamily Investment Opportunity
    $420,000
    4,880 SF

    Lake City Multifamily Investment Opportunity

    1341 S Lakeshore Dr, 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: Oct 14, 2025
    View details
    Established Restaurant Business Opportunity
    $289,900
    1,400 SF

    Established Restaurant Business Opportunity

    137 N Front St, Lake City, MI 49651

    Operating restaurant for sale with real estate, equipment, and inventory.

    • Established, Profitable Restaurant Business: Operating successfully for almost 20 years under current ownership.
    • Sale Includes Everything: Real estate, business, phone number, all equipment, inventory, and shed are included in the sale.
    • Updated and Well‑Maintained: Features updated equipment, ventilation system, and a new roof installed in 2022.
    • Turnkey Opportunity: Business is currently open and operating, providing immediate income potential.
    • Includes Real Estate: Sale incorporates the physical property, offering long‑term asset ownership.
    Updated: Aug 10, 2025
    View details
    Lake Missaukee Waterfront Mixed-Use Property
    $429,000
    3,331 SF

    Lake Missaukee Waterfront Mixed-Use Property

    Mixed-use property with immediate income potential and long-term lifestyle value.

    218 S Main St, Lake City, MI 49651
    View details
    Retail Building in High-Traffic Area
    $275,000
    10,000 SF

    Retail Building in High-Traffic Area

    10,000 sq ft retail building with long-term leases.

    1968 S Morey Rd, Lake City, MI 49651
    View details
    Historic Bar with Lake View
    $495,000
    2,300 SF

    Historic Bar with Lake View

    Historic bar in Lake City with stunning lake views.

    117 S Main St, Lake City, MI 49651
    View details
    Lake City Restaurant/Bar Opportunity
    $470,000
    2,500 SF

    Lake City Restaurant/Bar Opportunity

    Turnkey restaurant and bar near Lake Missaukee, ready for immediate use.

    113 Main St, Lake City, MI 49651
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    Established Restaurant Business For Sale
    $289,900

    Established Restaurant Business For Sale

    Operating restaurant with real estate, equipment, and inventory included.

    137 N Front St, Lake City, MI 49651
    View details
    Based on your search, we've compiled 332 Potential Opportunities for your consideration. Besides 7 Active listings in Lake City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 318 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

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

    Secluded 10-Acre Hunting Land
    $49,999
    9.56 Acres

    Secluded 10-Acre Hunting Land

    Private 10-acre parcel perfect for hunting and outdoor recreation.

    22 22 3/4 Rd, Manton, MI 49663
    View details
    Secluded Wooded Retreat with Pole Barn
    $155,000
    20.00 Acres

    Secluded Wooded Retreat with Pole Barn

    20-acre wooded property with insulated pole barn and recreational opportunities.

    N 47 1/2 Rd, Manton, MI 49663
    View details
    High-Visibility Commercial Land in McBain
    $229,900
    25,884 SF

    High-Visibility Commercial Land in McBain

    0.6-acre commercial land with high visibility and accessibility.

    00 M 66, Mc Bain, MI 49657
    View details
    Land in Hughston Estates
    Contact for pricing
    4.06 Acres

    Land in Hughston Estates

    4.06 acre lot in McBain, build your dream home!

    '0' Hemlock St, Mc Bain, MI 49657
    View details

    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.

    Waterfront Boutique Hotel Development Opportunity
    $750,000
    5,504 SF

    Waterfront Boutique Hotel Development Opportunity

    Prime land for boutique hotel or mixed-use development on lake.

    115 W John St, Lake City, MI 49651
    View details
    High-Traffic Corner Commercial Land
    $450,000

    High-Traffic Corner Commercial Land

    Prime development opportunity at a bustling intersection in Lake City.

    415 N Main St, Lake City, MI 49651
    View details
    Commercial Land in Prime Location
    $99,900
    7.50 Acres

    Commercial Land in Prime Location

    7.5-acre commercial property on a main thoroughfare.

    W Watergate Rd, Lake City, MI 49651
    View details

    Explore Off-Market Properties in Lake City, MI

    Consider similar Off-Market properties in Lake City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    129 Main St

    129 Main St

    Office Properties & Spaces
    Value Estimation by Request
    129 Main St, Lake City, MI 49651
    View details
    1991 Morey Rd

    1991 Morey Rd

    Mixed-use properties • 2,151 SF
    Value Estimation by Request
    1991 Morey Rd, Lake City, MI 49651
    View details
    6400 Blue Rd

    6400 Blue Rd

    INDUSTRIAL (GENERAL) • 10.04 Acres
    Value Estimation
    $305,000
    6400 Blue Rd, Lake City, MI 49651-8948
    View details
    10125 Watergate Rd

    10125 Watergate Rd

    INDUSTRIAL (GENERAL) • 7.60 Acres
    Value Estimation by Request
    10125 Watergate Rd, Lake City, MI 49651
    View details
    7361 7th Mile Rd

    7361 7th Mile Rd

    INDUSTRIAL (GENERAL) • 10.00 Acres
    Value Estimation
    $235,000
    7361 7th Mile Rd, Lake City, MI 49651-9293
    View details
    7650 7th Mile Rd

    7650 7th Mile Rd

    INDUSTRIAL (GENERAL) • 18.89 Acres
    Value Estimation
    $285,000
    7650 7th Mile Rd, Lake City, MI 49651-9291
    View details
    Lachance Rd

    Lachance Rd

    INDUSTRIAL (GENERAL) • 4.54 Acres
    Value Estimation by Request
    Lachance Rd, Lake City, MI 49651
    View details
    2468 Lachance Rd

    2468 Lachance Rd

    COMMERCIAL (GENERAL) • 5.00 Acres
    Value Estimation
    $210,000
    2468 Lachance Rd, Lake City, MI 49651-8025
    View details
    4997 Houghton Lk Rd

    4997 Houghton Lk Rd

    COMMERCIAL (GENERAL)
    Value Estimation by Request
    4997 Houghton Lk Rd, Lake City, MI 49651
    View details
    1027 Mcgee Rd

    1027 Mcgee Rd

    COMMERCIAL (GENERAL) • 1,920 SF
    Value Estimation
    $235,000
    1027 Mcgee Rd, Lake City, MI 49651-7707
    View details
    6131 Coombs Rd

    6131 Coombs Rd

    COMMERCIAL (GENERAL)
    Value Estimation by Request
    6131 Coombs Rd, Lake City, MI 49651
    View details
    991 Lakeshore Dr

    991 Lakeshore Dr

    COMMERCIAL (GENERAL)
    Value Estimation by Request
    991 Lakeshore Dr, Lake City, MI 49651
    View details
    Lakeshore Dr

    Lakeshore Dr

    COMMERCIAL (GENERAL)
    Value Estimation by Request
    Lakeshore Dr, Lake City, MI 49651
    View details
    680 Morey Rd

    680 Morey Rd

    COMMERCIAL (GENERAL) • 3,104 SF
    Value Estimation by Request
    680 Morey Rd, Lake City, MI 49651-9180
    View details
    991 Lakeshore Dr

    991 Lakeshore Dr

    COMMERCIAL (GENERAL)
    Value Estimation by Request
    991 Lakeshore Dr, Lake City, MI 49651
    View details
    3728 Morey Rd

    3728 Morey Rd

    COMMERCIAL (GENERAL)
    Value Estimation by Request
    3728 Morey Rd, Lake City, MI 49651-9017
    View details
    Lakeshore Dr

    Lakeshore Dr

    COMMERCIAL (GENERAL)
    Value Estimation by Request
    Lakeshore Dr, Lake City, MI 49651
    View details

    Lake City, MI Commercial Real Estate Investment Opportunities Market Analysis

    Explore 254 commercial real estate investment opportunities in Lake City, MI with 7 listings featured on our commercial real estate marketplace. The current inventory includes 33,371,450 square feet of properties with an estimated value of $37,853,300.

    Estimated prices for commercial real estate in Lake City, MI begin at $36,500, with an average of $250,684 and extend to $495,000.

    In Lake City, MI, current investment values show:

    • Other commercial real estate positioned at $252,350
    • Land measuring $121,044
    • Residential land & home lots assessed at $51,225
    • Retail properties calculated at $382,475
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    Browse Commercial real estate for Sale Near Lake City, MI

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    Most Searched ZIP Codes in Lake City, MI

    • 49651

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