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    Lake City, MI Mixed-use Properties for Sale

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    Mc Bain, MI Cadillac, MI Manton, MI
    Lakefront Mixed-Use Office & Apartment
    $429,000
    3,331 SF
    Lakefront Mixed-Use Office & Apartment

    218 S Main Street, Lake City, MI 49651

    Commercial office with reception and private offices, plus a three-bedroom waterfront apartment with private entrance and parking.
    • 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.
    • Located directly on M‑66/S. Main Street, steps from downtown Lake City's amenities and events.
    • The apartment features a four‑season porch with panoramic lake views, a primary suite, and a private side entrance.
    Updated: Apr 29, 2025
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Downtown Manton Redevelopment Opportunity
    $300,000
    8,411 SF
    Downtown Manton Redevelopment Opportunity

    Unique commercial property with redevelopment potential in historic downtown Manton.

    304 W Main Street, Manton, MI 49663

    View details
    Historic Manton Mixed-Use Redevelopment Opportunity
    $325,000
    Historic Manton Mixed-Use Redevelopment Opportunity

    Unique commercial property with redevelopment potential in downtown Manton.

    304 W Main St, Manton, MI 49663

    View details
    Downtown Cadillac Mixed-Use Building
    $229,000
    Downtown Cadillac Mixed-Use Building

    Mixed-use building with commercial space and residential apartments.

    216 S Mitchell Street, Cadillac, MI 49601

    View details
    Downtown Cadillac Mixed-Use Opportunity
    $229,000
    3,300 SF
    Downtown Cadillac Mixed-Use Opportunity

    Prime commercial building with residential income in downtown Cadillac.

    216 S Mitchell Street, Cadillac, MI 49601

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land on Highway M-55
    $169,000
    2.00 Acres
    Commercial Land on Highway M-55

    Vacant commercial property with highway frontage and billboard revenue.

    XXX W Houghton Lake Drive, Houghton Lake, MI 48629

    View details
    Versatile Land Parcel Near Lakes
    $59,000
    1.67 Acres
    Versatile Land Parcel Near Lakes

    1.67 acre vacant land with commercial and residential potential.

    8568 W Ludington Drive, Lake, MI 48632

    View details
    Prime Corner Land in Traverse City
    $2,650,000
    1.24 Acres
    Prime Corner Land in Traverse City

    1.2 acre corner lot with high traffic and development potential.

    1054-1060 E Front Street, Traverse City, MI 49686

    View details
    Development Parcel in Traverse City
    $1,575,000
    1.46 Acres
    Development Parcel in Traverse City

    1.46 acre development parcel in central Traverse City, Michigan.

    520 Railroad Avenue, Traverse City, MI 49686

    View details

    Off-Market Properties in Lake City, MI

    Consider similar Off-Market properties in Lake City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1991 Morey Rd
    Mixed-use properties
    2,151 SF Lot: 0.36 Acres
    Value Estimation by Request

    1991 Morey Rd, Lake City, MI 49651

    View details

    Lake City, MI Mixed-Use Properties Investment Opportunities Market Analysis

    Explore 2 mixed-use properties for sale in Lake City, MI on our real estate platform. These investment opportunities span a total of 3,331 square feet of properties for sale, with an estimated market value of $429,000.

    Sale prices for multi use buildings in Lake City, MI start at $429,000, averaging $429,000, and reaching up to $429,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Live-work space 1

    Demographics Overview

    Population 7,540
    Population Growth (5Y) -4.4%
    Median Household Income $61,524
    College Educated 26.1%

    High-Yield Neighborhoods for Investment

    Identify Lake City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49651 $429K

    Taxes & Financing

    Tax Rate (average for all types) 3.24%
    Property Tax per SF $98.07 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Missaukee County

    New Delisted

    Total CRE Inventory on Market (SF)

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