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    9428 Oak Dr Lake City, MI 49651

    Sponsored
    For Sale
    $124,900

    1.32 Acres, Residential Zoning, Lake Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.32-acre commercial land parcel presents a unique investment opportunity in Lake City, Michigan. Located on scenic West Oak Drive, the property boasts breathtaking views of Crooked Lake and is zoned for residential use, offering considerable development potential. The parcel includes two contiguous lots, identified by APN numbers 00403300201 & 00403300202 BTVAI. Enjoy the peace of mind that comes with a location free from homeowner's association restrictions, coupled with the convenience of a county-maintained road and readily available electric service at the roadside. Its prime location offers easy access to two public boat launches, perfect for those who appreciate the lake lifestyle. A survey is available for review, providing detailed property boundaries. While a survey is available, prospective buyers should note that soil testing is recommended prior to any development plans. This is a rare chance to acquire a picturesque and versatile property in a desirable area, allowing you to build your vision in a serene and tranquil setting. The asking price for this remarkable property is $124,900. Don't miss this opportunity to own a piece of Lake City's beauty.

    Property Features for 9428 Oak Dr

    General Information

    Property type
    Land
    Lot Size
    57,499 SF

    HighLights

    • $124,900 asking price.
    • 1.32‑acre commercial land parcel.
    • Residential zoning.
    • Located at 9428 W Oak Dr, Lake City, MI 49651 (APN: 00403300201 & 00403300202 BTVAI).
    • County‑maintained road and electric access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Dental Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Missaukee
    State
    Michigan
    Longitude
    -85.295567
    Latitude
    44.344281

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    FAQs

    What type of property is this?
    Land - 1.32 Acres, Residential Zoning, Lake Views
    Where is this land located?
    The property is located at 9428 Oak Dr Lake City, MI.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: $124,900 asking price.; 1.32-acre commercial land parcel.; Residential zoning.
    (734) 259-1100
    Request Owner's contact information
    9428 Oak Dr 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
    9428 Oak Dr Lake City, MI 49651
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