Retail Building in High-Traffic
1968 S Morey Road, Lake City, MI 49651
Office Building,Retail Store - Lake City, MI
Property size:
10,000 SFLot size:
0.99 AcresPrice / SF:
$27/SF- Added:
- Aug 13, 2025
- Days on Market:
- 278
- Last Refresh:
- May 17 at 6:06 am
Property Features for 1968 S Morey Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
- Parking
- 30
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.99 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3676
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Building materials
- Block, Brick
- Roof type
- Membrane
- Architectural style
- Other
Listing agent Tamara McLeod Helsel (231) 920-6422
Listing office City2Shore Real Estate Northern Michigan 200 S Main St., Lake City, MI (231) 839-0077
Listing date Aug 13, 2025
MLS# 1937513
Listing URL
Copyright © 2026 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.
HighLights
- 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.
- Updated roof and LED lighting.
- New furnace system in one of the leased spaces.
- Leases generate $1,500 per month per unit, plus tenants pay utilities, water, and insurance.
Overview
This 10,000 square feet commercial building is located in an area with high traffic and visibility. The property features long-term leases with established businesses. The building has multiple areas with separate entrances and a large shared parking lot. The larger leased space is approximately 6,000 sq. ft., and the south side is 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 (Michigan Dept. of Transportation), approximately 10,000 vehicles pass through Lake City daily. The plaza includes two other businesses that contribute to foot traffic. The roof has been updated, and all the lights have been updated to LED. There is a new furnace system 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 through February 2024, and Lake City Needful Items are through July 2023, both for $1,500 per month installments, plus they pay their own utilities, water, and insurance. The lot size is 0.99 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Missaukee
- State
- Michigan
- Longitude
- -85.215138
- Latitude
- 44.308989
Nearby Similar for Sale
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 Road 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.
