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Lake City, MI

Lake City, MI Commercial Real Estate for Sale

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Cadillac, MI Manton, MI Mc Bain, MI Saginaw, MI Fife Lake, MI Marion, MI Merritt, MI Tustin, MI

19 properties

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Turnkey Restaurant and Bar with Patio

Updated: Jul 27

Turnkey Restaurant and Bar with Patio

113 S Main Street, Lake City, MI 49651

$499,900

2,461 sqft 0.30 AC lot

Turnkey restaurant and bar with commercial kitchen equipment, fixtures, and furnishings
Outdoor patio and bar for seasonal dining
3 city lots with 0.3‑acre lot size
2,461 SF restaurant building with frame construction and block exterior features
Metal roof and on‑site parking lot

18-Hole Mini Golf Course Property

Updated: Jul 23

18-Hole Mini Golf Course Property

406 N Houghton Street, Lake City, MI 49651

$325,000

500 sqft 1.03 AC lot

18‑hole miniature golf course built in 2018, currently operating as the Lake City Miniature Golf Course
Commercially zoned property with exposure along the M‑55/M‑66 corridor (estimated 10,000 to 20,000 vehicles passing daily)
Location near Main Street (about one block) and Lake Missaukee (about three blocks to the 1,880‑acre all‑sports lake)
Site includes ample parking plus support buildings, with landscaping and multiple outdoor features for guest use
On‑site amenities include perennial gardens, decorative shrubs, fountains, a winding river, and evening lighting

Restaurant and Bar with Patio

Restaurant and Bar with Patio

117 S Main Street, Lake City, MI 49651

$475,000

2,300 sqft 0.05 AC lot

For sale bar and restaurant with patio space overlooking Lake Missaukee in downtown Lake City.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Waterfront Restaurant With Patio

Waterfront Restaurant With Patio

113 S Main Street, Lake City, MI 49651

$499,900

2,461 sqft

Restaurant and bar includes commercial kitchen equipment, fixtures, furnishings, and an outdoor service area.

Pizza Restaurant with Commercial Equipment

Pizza Restaurant with Commercial Equipment

81 N Morey Road, Lake City, MI 49651

$119,900

510 sqft 0.01 AC lot

Compact restaurant building with dedicated pizza-making equipment and access to cable service.

Lake City Car Wash Business

Lake City Car Wash Business

991 S Lakeshore Drive, Lake City, MI 49651

$300,000

0.24 AC lot

Self-serve car wash business with real property and assets.

Turnkey Restaurant with Equipment

Turnkey Restaurant with Equipment

137 N Front Street, Lake City, MI 49651

$289,900

1,400 sqft 0.25 AC lot

Turnkey restaurant sale includes real estate, equipment, and inventory for a ready-to-operate concept.

18-Hole Miniature Golf Course

18-Hole Miniature Golf Course

406 N Houghton St, Lake City, MI 49651

$325,000

500 sqft

Commercially zoned recreational property with landscaped grounds, support buildings, parking, and established course improvements.

Metal Pole Barn Storage Building

Metal Pole Barn Storage Building

N Green Road, Lake City, MI 49651

$100,000

0.53 AC lot

Turnkey 40-by-30 pole barn with updated roof, large garage door, and service door on a publicly maintained road.

Cleared Airpark Lot with Road Frontage

Cleared Airpark Lot with Road Frontage

Taxiway Foxtrot lot: 102, Lake City, MI 49651

Contact for pricing

0.48 AC lot

Cleared, build-ready lot with paved-road frontage and rear taxiway access for direct aircraft movement to a future hangar.

18-Hole Miniature Golf Course

18-Hole Miniature Golf Course

N 406 N Houghton Street Unit SourceFi, Lake City, MI 49651

$325,000

500 sqft

Well-designed 18-hole miniature golf course built in 2018 with ample parking and support buildings on a commercially zoned site.

High-Traffic Corner Commercial Land

High-Traffic Corner Commercial Land

Lake City, MI 49651

$450,000

0.72 AC lot

Prime commercial land at M-66 and M-55 intersection in Lake City.

20 Acres of Vacant Land

20 Acres of Vacant Land

VL Forward, Lake City, MI 49651

$139,900

20.00 AC lot

20 acre parcel with pines and hardwoods, abundant wildlife.

Historic Saloon with Patio

Historic Saloon with Patio

Lake City, MI 49651

$475,000

2,300 sqft

Bar space and patio total approximately 2,300 square feet each, with views overlooking Lake Missaukee.

Pole Barn on Wooded Acreage

Pole Barn on Wooded Acreage

Lake City, MI 49651

$99,900

1,200 sqft 3.29 AC lot

Wooded 3.29-acre site with a 30-by-40 pole barn for storage or future development, subject to restrictions.

Established Restaurant Business Opportunity

Established Restaurant Business Opportunity

Lake City, MI 49651

$119,900

0.01 AC lot

Profitable restaurant with high visibility location for sale.

Established Restaurant Business For Sale

Established Restaurant Business For Sale

137 N Front St, Lake City, MI 49651

$289,900

0.25 AC lot

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

Lake City Car Wash Business

Lake City Car Wash Business

991 S Lakeshore Dr, Lake City, MI 49651

$300,000

Self-serve car wash with high traffic and updated technology.

Corner Lot Development Opportunity

Corner Lot Development Opportunity

Lake City, MI 49651

$450,000

0.72 AC lot

High-visibility corner lot ideal for development in Lake City.

Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Lake City, MI, we suggest to view alternatives - similar 53 Off-Market properties to explore as potential leads.

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.

1501 Morey Rd

COMMERCIAL (GENERAL)

1501 Morey Rd, Lake City, MI 49651-7606

$255,000

Estimated value

0.84 AC lot

9419 Watergate Rd

COMMERCIAL (GENERAL)

9419 Watergate Rd, Lake City, MI 49651

$260,000

Estimated value

1.72 AC lot

4021 Houghton Lk Rd

COMMERCIAL (GENERAL)

4021 Houghton Lk Rd, Lake City, MI 49651-8455

$250,000

Estimated value

2,708 sqft 2.00 AC lot

4664 Morey Rd

COMMERCIAL (GENERAL)

4664 Morey Rd, Lake City, MI 49651-8004

$250,000

Estimated value

19.70 AC lot

Main St

VACANT COMMERCIAL LAND

Main St, Lake City, MI 49651

$230,000

Estimated value

0.02 AC lot

Lake City, MI Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Lake City, MI, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 14,132 square feet of properties for sale, with an estimated market value of $5,584,200.

Sale prices for business properties in Lake City, MI start at $99,900, averaging $310,233, and reaching up to $499,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 7,540

Population Growth (5Y) -4.4%

Median Household Income $61,524

College Educated 26.1%

High-Yield Neighborhoods for Investment

Identify Lake City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Walled Lake	$280K
Lake City	$320K

Taxes & Financing

Tax Rate (average for all types) 3.24%

Property Tax per SF $98.07 per SF

Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

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