Lake City, MI Multifamily properties for sale

Lake City Multifamily Investment Opportunity

$420,000

4,880 SF

Lake City Multifamily Investment Opportunity

1341 S Lakeshore Drive, Lake City, MI 49651

Turnkey 8-unit multifamily property with expansion potential in Lake City, MI.

Turnkey, fully occupied 8‑unit multifamily property providing immediate cash flow.
Significant expansion potential on a 2.11‑acre lot, allowing for the construction of additional units.
High‑visibility location on M‑66/S. Lakeshore Drive in a desirable four‑season market.
Existing pool house (80 x 34) offers options for restoration or conversion into rental units.
Includes a 56 x 24 pole barn, providing opportunities for storage rental and added income.

Updated: Apr 15, 2025

View details

Turnkey Multifamily with Expansion Potential

$420,000

2,448 SF

Turnkey Multifamily with Expansion Potential

Lake City, MI 49651

Fully rented 8-unit apartment complex with development potential.

Turnkey, fully rented 8‑unit apartment complex providing immediate, stable income.
Significant expansion potential on a 2.11‑acre lot.
High‑visibility location on M‑66/S. Lakeshore Drive.
Includes an 80 x 34 pool house, suitable for restoration or conversion.
Proximity to Lake Missaukee, downtown Lake City, and other Northern Michigan attractions.

Updated: Apr 20, 2025

View details

Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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.

$299,900

2,600 SF

Completely Reimagined Duplex in Manton

Updated duplex with flexible living options and income potential.

701 W Main Street, Manton, MI 49663

View details

Fully Occupied Triplex with Rental Certificate

$210,000

2,314 SF

Fully Occupied Triplex with Rental Certificate

Recently updated, fully occupied triplex near downtown with six-car off-street parking and city rental certification.

415 E Harris Street, Cadillac, MI 49601

View details

$349,900

Reimagined Duplex with Flexible Layout

Completely updated duplex, ideal for owner-occupants or multi-generational living.

701 W Main St, Manton, MI 49663

View details

$169,500

Two-Unit Property with Garage

Two-unit property featuring long-term tenants, basement, yard, and garage.

316 E Bremer St, 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.

$59,000

0.52 Acres

Traverse City Land with Utilities

Half-acre lot with well, septic, gas, and electric hookup.

4866 Luanne Lane, Traverse City, MI 49685

View details

$999,900

22.24 Acres

Tippy Dam Lodge Retreat

Unique lodge in Manistee National Forest with multiple buildings.

1306 N Tippy Dam Road, Wellston, MI 49689

View details

$44,000

0.75 Acres

Recreational Land in Gated Community

0.75-acre lot with hookups in White Birch Lakes Association.

4537 Pine Run, Farwell, MI 48622

View details

Breathtaking Farmland Development Opportunity

$2,950,000

74.20 Acres

Breathtaking Farmland Development Opportunity

72 acres of high-elevation farmland with sweeping, multi-directional views.

Parcel C E Duck Lake Road, Suttons Bay, MI 49682

View details

Lake City, MI Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Lake City, MI on our real estate platform. These investment opportunities span a total of 7,328 square feet of properties for sale, with an estimated market value of $840,000.

Sale prices for multifamily properties in Lake City, MI start at $420,000, averaging $420,000, and reaching up to $420,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49651	$420K

Neighborhood

Average Price

49651

$420K