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    Lake City, MI

    Lake City, MI Commercial Real Estate for Sale

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    Restaurant and Bar with Patio
    Updated: Apr 6
    Restaurant and Bar with Patio

    117 S Main Street, Lake City, MI 49651

    $475,000
    2,300 sqft · 0.05 AC lot
    Bar building is approximately 2,300 SF with additional approximately 2,300 SF of patio space.
    Historic Town Pump Saloon located in downtown Lake City with views overlooking Lake Missaukee.
    Brick construction with a parking lot on site.
    Owned and operated by the same family for decades.
    View details
    Metal Pole Barn Storage Building
    Updated: Jun 29
    Metal Pole Barn Storage Building

    N Green Road, Lake City, MI 49651

    $100,000
    0.53 AC lot
    0.52‑acre private property on a publicly maintained road with convenient year‑round access
    40' x 30' metal pole barn built in 1996 with a new metal roof
    Pole barn includes large garage door and service door for easy entry and storage access
    Electric service is available at the road, making it easier to add power if desired
    Cable available on site
    View details
    Lake City Commercial Opportunity
    Lake City Commercial Opportunity

    81 N Morey Road, Lake City, MI 49651

    $119,900
    510 sqft · 0.01 AC lot

    Established restaurant with high visibility in Lake City, Michigan.

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    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.

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    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.

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    Metal Pole Barn Storage Building
    Metal Pole Barn Storage Building

    Lake City, MI 49651

    $100,000
    0.52 AC lot

    Turnkey pole barn with new roof and convenient access on a publicly maintained road for flexible storage or workshop use.

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    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.

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    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.

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    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.

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    Multi-Street Visibility Commercial Land
    Multi-Street Visibility Commercial Land

    415 Main St, Lake City, MI 49651

    $450,000
    0.72 AC lot

    Commercial land with level, three-street frontage on a main thoroughfare for office, retail, or health uses.

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    New Pole Barn with Lean-To
    New Pole Barn with Lean-To

    Lake City, MI 49651

    $129,900

    New 2025 pole building with electricity, heat, and large doors for year-round industrial or flex use.

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    Restaurant with Natural Gas Pizza Oven
    Restaurant with Natural Gas Pizza Oven

    81 N Morey Road, Lake City, MI 49651

    $119,900

    Turnkey pizza restaurant offering included commercial kitchen equipment and high-visibility roadside access near major intersections.

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    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.

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    Lakefront Motel & Gift Shop
    Lakefront Motel & Gift Shop

    214 Main Street, Lake City, MI 49651

    $1,100,000
    6,554 sqft · 0.50 AC lot

    Lakefront motel, gift shop, and gas on Lake Missaukee.

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    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.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 15 Active listings in Lake City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    240 Acres Prime Development Property
    240 Acres Prime Development Property

    E 34 Road, Cadillac, MI 49601

    $599,900
    240.00 AC lot

    Prime commercial development land with highway frontage in Cadillac, Michigan.

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    High-Visibility Commercial Land in McBain
    High-Visibility Commercial Land in McBain

    Mc Bain, MI 49657

    $229,900
    25,884 sqft

    0.6-acre commercial land with high visibility and accessibility.

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    High-Visibility Commercial Land in McBain
    High-Visibility Commercial Land in McBain

    Mc Bain, MI 49657

    $229,900
    25,884 sqft · 0.60 AC lot

    Prime commercial land with high visibility and development potential.

    View details
    521 Acres Industrial Land Cadillac
    521 Acres Industrial Land Cadillac

    VL S Seeley Road, Cadillac, MI 49601

    $15,630,000
    521.10 AC lot

    Large industrial site in Cadillac, growth and expansion area.

    View details

    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

    Value Estimation by Request
    0.84 AC lot
    View details
    9419 Watergate Rd
    COMMERCIAL (GENERAL)

    9419 Watergate Rd, Lake City, MI 49651

    Value Estimation by Request
    1.72 AC lot
    View details
    4021 Houghton Lk Rd
    COMMERCIAL (GENERAL)

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

    Value Estimation by Request
    2,708 sqft · 2.00 AC lot
    View details
    4664 Morey Rd
    COMMERCIAL (GENERAL)

    4664 Morey Rd, Lake City, MI 49651-8004

    Value Estimation by Request
    19.70 AC lot
    View details
    Main St
    VACANT COMMERCIAL LAND

    Main St, Lake City, MI 49651

    Value Estimation by Request
    0.02 AC lot
    View details
    1900 Lachance Rd
    COMMERCIAL (GENERAL)

    1900 Lachance Rd, Lake City, MI 49651-8022

    Value Estimation by Request
    20.00 AC lot
    View details
    15 Kalkaska
    COMMERCIAL (GENERAL)

    15 Kalkaska, Lake City, MI 49651-8798

    Value Estimation by Request
    0.28 AC lot
    View details
    4534 Houghton Lk Rd
    COMMERCIAL (GENERAL)

    4534 Houghton Lk Rd, Lake City, MI 49651

    Value Estimation by Request
    44.77 AC lot
    View details
    6857 Kelly Rd
    COMMERCIAL (GENERAL)

    6857 Kelly Rd, Lake City, MI 49651

    Value Estimation by Request
    10.00 AC lot
    View details

    Lake City, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Lake City, MI, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 11,274 square feet of properties for sale, with an estimated market value of $2,114,700.

    Sale prices for business properties in Lake City, MI start at $119,900, averaging $422,940, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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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
    Lake City $277.4K
    Walled Lake $280K

    Taxes & Financing

    Tax Rate (average for all types) 3.24%
    Property Tax per SF $98.07 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Missaukee County

    New Delisted

    Total CRE Inventory on Market (SF)

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