1991 Morey Rd Lake City, MI 49651
- Commercial real estate
- 2,151 SF
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1991 Morey Rd
- Year built
- 1930
- Lot size
- 0.36 lot acres
- Property size
- 2,151 SF
- Property type
- Commercial real estate
- APN
- 012-007-024-50
Description
This exceptional mixed-use property, located at 1991 S Morey Rd, Lake City, MI 49651, presents a unique investment opportunity. The 2,151 square foot building, constructed in 1930, sits on a 0.36-acre lot (APN: 012-007-024-50) and boasts a prime corner location with a daily traffic count exceeding 10,000 vehicles. Currently configured as a three-unit property, it offers versatile options for future use. The main building features two stories, encompassing a main floor with a large bedroom, bathroom, kitchen, and living room area showcasing original stonework—previously used for office and retail purposes. Upstairs, a fully finished living space with an open floor plan includes a kitchen, bathroom, living room, and bedroom. The property also includes a separate guest house with a shower, toilet, and sink. A fenced yard provides privacy and ample space. The property's Class C designation and "Other" permitted zoning allow for diverse uses, including multi-family residential, office space, retail, or a combination thereof. The asking price is $299,900 ($139.42/sq ft). The corporate-owned property offers potential for seller-assisted financing with a substantial down payment. Its proximity to downtown Lake City provides easy access to local amenities and attractions. This historic building offers a blend of charm and potential, making it an ideal investment for a discerning buyer.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Missaukee
- State
- Michigan
- Longitude
- -85.2148091
- Latitude
- 44.309834
