Eight-Unit Apartment
For Sale
$420,000
Pending
1341 S Lakeshore Drive, Lake City, MI 49651
Commercial, Lake City, MI
Property Size4,880 SF
Lot Size2.11 Acres
Days on Market530
Property Features for 1341 S Lakeshore Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 3, Bathroom 10, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 9, Bathroom 7, Bathroom 8, Bathroom 4
Parking
8
Parking features
Assigned, Parking Lot
Exterior features
Wood
Lot features
Freestanding
Directions
From Lake City, head south on Main St toward John St. Continue for 1.1 mile. Destination is on the left.
Subdivision
Missaukee
Standard status
Pending
Size
4,880 SF
Lot size
2.11 Acres
Taxes and HOA fees
Tax Description
See Lengthy Legal
Tax Annual Amount
4812
Legal Description
See Lengthy Legal
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
City2Shore Real Estate Northern Michigan
(231) 839-0077
Listed By:
Tamara McLeod Helsel · License #6502410127
(231) 920-6422
Added: Apr 15, 2025
Changed: Sep 14
Last Checked: Sep 26 at 9:06AM
MLS# 1932558
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.
Investment Insights
Based on property information with market context.
This eight-unit apartment property includes six double-bed units and two king-bed units, with each residence offering a kitchenette and full bathroom. The improvements also include an 80 x 34 pool house with separate men’s and women’s bathrooms, plus a 56 x 24 pole barn that provides additional functional space. On-site parking includes both lot and assigned parking areas.
Set on 2.11 acres along M-66/S. Lakeshore Drive, the property is positioned across from Lake Missaukee’s shoreline in Lake City. Downtown dining, shopping, seasonal events, ski resorts, Lake Michigan, and ORV trails are identified as part of the surrounding area. The site also includes room for additional units, while the pool house could be restored as an indoor pool facility or adapted for additional rental use.
Set on 2.11 acres along M-66/S. Lakeshore Drive, the property is positioned across from Lake Missaukee’s shoreline in Lake City. Downtown dining, shopping, seasonal events, ski resorts, Lake Michigan, and ORV trails are identified as part of the surrounding area. The site also includes room for additional units, while the pool house could be restored as an indoor pool facility or adapted for additional rental use.
Key Highlights
- Eight‑unit layout with 6 double‑bed units and 2 king‑bed units
- Each unit includes a kitchenette and full bath
- 2.11‑acre lot with room for additional units
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 49651, MI
7,881
Population
4,968
Households
1.6
Avg Household Size
46
Median Age
19%
College-Educated
92%
High-School Grad
235.5 sq mi
ZIP Area
33
Density / Sq Mi
$61,524
Median Household Income
$35,896
Median Earnings
$879
Median Rent
$165,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with 6 double-bed and 2 king-bed units, each with a kitchenette and full bath.
Where is this apartment building located?
The property is located at 1341 S Lakeshore Drive Lake City, MI.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Eight‑unit layout with 6 double‑bed units and 2 king‑bed units; Each unit includes a kitchenette and full bath; 2.11‑acre lot with room for additional units
