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    Lake, MI
    Hospitality

    Lake, MI Hospitality Properties for Sale

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    Farwell, MI Clare, MI Harrison, MI Sears, MI Lake George, MI Weidman, MI Evart, MI Barryton, MI
    Waterfront Property with Four Cabins
    Updated: Mar 24, 2025
    Waterfront Property with Four Cabins

    1249 N CROOKED, Lake, MI 48632

    $644,900
    3,164 sqft
    Four cabins on one waterfront lot offer multiple living/rental options.
    Enjoy 109 feet of water frontage on all‑sports Crooked Lake.
    Recently updated cabins, including roofs, bathrooms, and seawall.
    Features a sandy beach area and two docks.
    Vinyl seawall.
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lake, 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 Brick Mixed-Use Property
    Historic Brick Mixed-Use Property

    414 Maple Street, Big Rapids, MI 49307

    $679,000
    5,448 sqft 0.53 AC lot

    Restored Victorian building with commercial occupancy, upper rental units, and distinctive period architectural details.

    View details
    Lakeside Resort with Cabins
    Lakeside Resort with Cabins

    5358 W Houghton Lake Drive, Houghton Lake, MI 48629

    $700,000
    0.43 AC lot

    Three cabins and a twinplex provide multiple lodging configurations along Houghton Lake.

    View details
    Historic Multifamily Property
    Historic Multifamily Property

    414 Maple Street, Big Rapids, MI 49307

    $679,000
    0.53 AC lot

    Restored Victorian property with residential units, commercial space, period craftsmanship, and accessible paved parking.

    View details
    Lakefront Resort with Sandy Beach
    Lakefront Resort with Sandy Beach

    5358 W Houghton Lake Dr, Houghton Lake, MI 48629

    $700,000

    Hospitality property with multiple guest accommodations, private lake access, docks, and recreational equipment.

    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.

    Recreational Land in Gated Community
    Recreational Land in Gated Community

    Red Fox Run, Clare, MI 48622

    Contact for pricing
    0.76 AC lot

    0.76 acre recreational land with resort-style amenities.

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    Recreational Land in Gated Community
    Recreational Land in Gated Community

    Farwell, MI 48622

    Contact for pricing
    0.86 AC lot

    0.86 acre recreational land with resort-style amenities.

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    Wooded Recreation Land
    Wooded Recreation Land

    Hemlock Lane lot: 827, Farwell, MI 48622

    Contact for pricing
    0.80 AC lot

    Camping use is available from May through October 31st within the association.

    View details
    Evart Land with Association Amenities
    Evart Land with Association Amenities

    Pawnee Trail, Evart, MI 49631

    Contact for pricing
    4.36 AC lot

    Land with access to lakes, clubhouse, and recreational facilities.

    View details

    Lake, MI Hospitality Properties Market Trends and Statistics

    Explore 1 hospitality properties for sale in Lake, MI on our real estate platform. These investment opportunities span a total of 3,164 square feet of properties for sale, with an estimated market value of $644,900.

    Sale prices for hospitality properties in Lake, MI average $644,900 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Campgrounds 1

    Demographics Overview

    Population 4,995
    Population Growth (5Y) -4.8%
    Median Household Income $51,740
    College Educated 18.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    48632 $599.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.50%
    Tax Rate vs County Average 0.85 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clare County

    New Delisted

    Total CRE Inventory on Market (SF)

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