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    OFF-MARKET
    Commercial real estate

    9428 Oak Dr, Lake City, MI 49651

    1.32 ac lot
    Property ID
    US43-0959881
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.32 ac (57,499 SF)
    APN 00403300201 & 00403300202 BTVAI
    UPID US43-0959881
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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