9428 Oak Dr, Lake City, MI 49651
This exceptional 1.32-acre commercial land parcel presents a unique investment opportunity in Lake City, Michigan. Located on scenic West Oak Drive, the property boasts breathtaking views of Crooked Lake and is zoned for residential use, offering considerable development potential. The parcel includes two contiguous lots, identified by APN numbers 00403300201 & 00403300202 BTVAI. Enjoy the peace of mind that comes with a location free from homeowner's association restrictions, coupled with the convenience of a county-maintained road and readily available electric service at the roadside. Its prime location offers easy access to two public boat launches, perfect for those who appreciate the lake lifestyle. A survey is available for review, providing detailed property boundaries. While a survey is available, prospective buyers should note that soil testing is recommended prior to any development plans. This is a rare chance to acquire a picturesque and versatile property in a desirable area, allowing you to build your vision in a serene and tranquil setting. The asking price for this remarkable property is $124,900. Don't miss this opportunity to own a piece of Lake City's beauty.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.