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    Lake City, MI Motels for Sale

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    Cadillac, MI Mc Bain, MI Manton, MI
    Lakefront Motel & Gift Shop
    $1,100,000
    6,554 SF
    Lakefront Motel & Gift Shop

    214 Main Street, Lake City, MI 49651

    Lakefront motel, gift shop, and gas on Lake Missaukee.
    • Prime lakefront location on Lake Missaukee with 178.5 feet of frontage, paved boat ramp, and gas pump
    • Three revenue streams: motel (11 units), gift shop, and boat fueling station
    • Only resort and gas station on Lake Missaukee
    • Well‑maintained units, including newer construction (7 units built in 2011, 4 units built in 2009) and updated store (appx 2014)
    • Includes a comfortable two‑bedroom, two‑bath owner/manager's apartment
    Updated: Mar 11
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Houghton Lake Waterfront Commercial Property
    $425,000
    2,880 SF
    Houghton Lake Waterfront Commercial Property

    Iconic commercial/residential property with waterfront access and endless potential.

    8848 State Avenue, Houghton Lake, MI 48629

    View details
    Four-Season Resort in Traverse City
    $3,500,000
    10,404 SF
    Four-Season Resort in Traverse City

    40-acre resort with lodging, dining, recreation, and event hosting.

    6841 Brown Bridge Road, Traverse City, MI 49696

    View details
    Resort with Furnished Rental Units
    $3,800,000
    36.00 Acres
    Resort with Furnished Rental Units

    Own a fully furnished resort operation with 19 rental units and a four-bedroom residence on a nature preserve setting.

    Traverse City, MI 49696

    View details
    Waterfront Trading Post Property
    $425,000
    Waterfront Trading Post Property

    Zoned commercial waterfront with canal frontage and direct access to Houghton Lake, plus rented boat slips.

    8848 State Ave, Houghton Lake, MI 48629

    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.

    Vacant Land Near Lake Leelanau
    $250,000
    2.69 Acres
    Vacant Land Near Lake Leelanau

    2.69 acres near Lake Leelanau, Traverse City, Michigan.

    6785 Fouch Road, Traverse City, MI 49684

    View details
    Prime Commercial Land For Sale
    $2,100,000
    8.00 Acres
    Prime Commercial Land For Sale

    8.86 acres ideal for motel, restaurant, and other businesses.

    7900,7990,7996 N Alger Road, Alma, MI 48801

    View details
    Highway Exit Commercial Land
    $300,000
    2.75 Acres
    Highway Exit Commercial Land

    Prime land with high visibility near resort community.

    Blue Star Highway lot: 2, Saugatuck, MI 49453

    View details
    Prime Corner Commercial Land Available
    $550,000
    0.60 Acres
    Prime Corner Commercial Land Available

    0.60-acre vacant lot on a hard corner in Canton.

    7125 N LILLEY Road, Canton Twp, MI 48187

    View details

    Lake City, MI Motels Market Trends and Statistics

    Explore 1 motels for sale in Lake City, MI on our real estate platform. These investment opportunities span a total of 6,554 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for motels in Lake City, MI start at $1,100,000, averaging $1,100,000, and reaching up to $1,100,000 — 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

    Motels 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 $1.1M

    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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