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    218 S Main St Lake City, MI 49651

    For Sale
    $429,000

    Office Building,Recreational/Resort,Other - Lake City, MI

    Property size:
    3,331 SF
    Lot size:
    0.09 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 8 at 6:06 am

    Property Features for 218 S Main St

    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
    3
    Basement Y/N
    1
    Size
    3,331 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1956
    Roof type
    Asphalt
    Architectural style
    Other

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

    Listing agent Tamara McLeod Helsel (231) 839-0077

    Listing date Oct 31, 2025

    MLS# 1933129 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

    Lake Missaukee Waterfront Mixed-Use Property

    This mixed-use commercial property is positioned on 60 feet of private shoreline along the 1,880-acre all-sports Lake Missaukee. The back of the building features a spacious three-bedroom, three-bath apartment, complete with a primary suite offering a large closet and private bath, two ample size guest bedrooms and guest full bath, a large laundry room with wash sink, and a four-season porch that delivers panoramic lake views all year round with private side entrance and parking. The front of the building contains 1,535 square feet of office space, including multiple office spaces, a large main common area with reception area, break room, private office, and back office. The property is located directly on M-66/S. Main Street, just steps from downtown Lake City’s dining, shopping, and seasonal events. It is also a short drive to Traverse City, Lake Michigan, ski resorts, and ORV trails. The building is next to Public Miltner Beach and a small boat launch. The property is located in Lake City, MI. The lot size is 0.09 acres. The property size is 3,331 square feet. The sale includes all furnishings in the office space and apartment. This property offers both immediate income potential and long-term lifestyle value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Missaukee
    State
    Michigan
    Longitude
    -85.214668
    Latitude
    44.331813

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with immediate income potential and long-term lifestyle value.
    Where is this mixed-use property located?
    The property is located at 218 S Main St Lake City, MI.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: - Enjoy **60 feet of private shoreline on Lake Missaukee**, an 1,880-acre all-sports lake.; - Mixed-use property offers immediate income potential from commercial space and a spacious three-bedroom apartment.; - Furnishings in the office space and apartment are included in the sale.
    (231) 839-0077
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    218 S Main St 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
    218 S Main St Lake City, MI 49651
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