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    1968 S Morey Rd Lake City, MI 49651

    For Sale
    $275,000

    Office Building,Retail Store - Lake City, MI

    Property size:
    10,000 SF
    Lot size:
    0.99 Acres
    Days on Market:
    116
    Last Refresh:
    Dec 6 at 11:06 pm

    Property Features for 1968 S Morey Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    Parking
    30
    Basement Y/N
    1
    Size
    10,000 SF
    Lot size
    0.99 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Building materials
    Block, Brick
    Roof type
    Membrane
    Architectural style
    Other

    City2Shore Real Estate Northern Michigan (231) 839-0077 [email protected]

    Listing agent Tamara McLeod Helsel (231) 839-0077

    Listing date Aug 13, 2025

    MLS# 1937513 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Building with Established Tenants

    This 10,000 square foot commercial building in Lake City, MI, presents a business opportunity with high traffic and visibility. The property features long-term leases with established businesses. The building includes multiple areas with separate entrances and a large shared parking lot. The larger leased space is approximately 6,000 sq ft, while the south side measures approximately 4,000 sq ft. The north end is occupied by Laura's Needful Things, and Gamer's Gambit is located at the south entrance; both spaces have restrooms, smaller office options, and ample storage. According to MDOT, approximately 10,000 vehicles pass through Lake City daily. The property is flanked by two other businesses, increasing foot traffic. The roof has been updated, and all the lights have been updated to LED. A new furnace system has been installed in the Gamer's Gambit section. The property has a shared well. The current active year-to-year leases with Gamer's Gambit LLC are in effect through February 2024, and with Lake City Needful Items through July 2023, both for $1,500 per month, plus utilities, water, and insurance. The lot size is 0.99 acres.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Missaukee
    State
    Michigan
    Longitude
    -85.216412
    Latitude
    44.310247

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    FAQs

    What type of property is this?
    Retail space - 10,000 sq ft retail building with long-term leases.
    Where is this retail space located?
    The property is located at 1968 S Morey Rd Lake City, MI.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - High-traffic location: Approximately 10,000 vehicles passing daily.; - 10,000 sq ft retail building with long-term leases in place.; - Two separate leased spaces (approx. 6,000 sq ft and 4,000 sq ft) with separate entrances.
    (231) 839-0077
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    1968 S Morey Rd Lake City, MI 49651
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    Lake City, MI 49651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1968 S Morey Rd Lake City, MI 49651
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