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    Lake City, MI
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    Lake City, MI Motels for Sale

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    Lakefront Motel & Gift Shop
    Updated: Aug 29, 2024
    Lakefront Motel & Gift Shop

    214 Main Street, Lake City, MI 49651

    $1,100,000
    6,554 sqft 0.50 AC lot
    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
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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.

    Four-Season Resort with River Frontage
    Four-Season Resort with River Frontage

    6841 Brown Bridge Road, Traverse City, MI 49696

    $3,500,000
    10,404 sqft 40.00 AC lot

    Ranch Rudolf offers 15 motel units, a full-service restaurant, and 1,300 feet of private Boardman River frontage.

    View details
    Four-Season Resort with River Frontage
    Four-Season Resort with River Frontage

    6841 Brown Bridge Road Unit SourceFi, Traverse City, MI 49696

    $3,500,000
    10,404 sqft 40.00 AC lot

    Four-season resort offering 15 motel units, restaurant with liquor license, campsites, and 1,300 feet of private Boardman River frontage.

    View details
    Well-Maintained Motel with Home
    Well-Maintained Motel with Home

    1024 S I 75 Business Loop, Grayling, MI 49738

    $694,900
    4.86 AC lot

    A 22-unit motel property on 4.86 acres with a connected 1,800 sq ft residence and extensive parking.

    View details
    22-Unit Motel with Connected Residence
    22-Unit Motel with Connected Residence

    1024 I-75 Business, Grayling, MI 49738

    $694,900
    10,261 sqft 4.86 AC lot

    Well-maintained 22-unit motel on 4.86 acres with a connected 1,800-square-foot residence and ample parking.

    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.

    Waterfront Buildable Land
    Waterfront Buildable Land

    6785 Fouch Road, Traverse City, MI 49684

    $250,000
    2.69 AC lot

    Buildable waterfront lot with an existing pole building, paved drive, and utilities in place for a range of uses.

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    Commercially Zoned Corner Land
    Commercially Zoned Corner Land

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

    $2,100,000
    8.00 AC lot

    Large commercial parcel with utilities on site and strong expressway visibility for restaurant, lodging, and complementary uses.

    View details
    High-Visibility Highway Commercial Land
    High-Visibility Highway Commercial Land

    Blue Star Highway lot: 2, Fennville, MI 49408

    $300,000
    2.75 AC lot

    Cleared highway exit land in a C-3 district for a range of commercial and service uses.

    View details
    Prime Corner Commercial Land Available
    Prime Corner Commercial Land Available

    7125 N LILLEY Road, Canton Twp, MI 48187

    $550,000
    0.60 AC lot

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

    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 average $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%

    Total CRE Inventory on Market (SF)

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