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    Property profile & analytics

    Lake City, MI 49651

    • Commercial real estate
    • 23.54 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-3854411
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for Lake

    Lot size
    23.54 lot acres
    Property type
    Commercial real estate
    APN
    004-890-001-00
    APU
    489000100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    City
    County
    Missaukee
    State
    Michigan
    Longitude
    -85.1711
    Latitude
    44.3592
    CBSA code
    15620
    CBSA name
    CADILLAC, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,216
    $0.00
    $46,800
    $46,800
    -
    $0.00
    $93,600
    $93,600

    Comparable in this City

    • Value Estimation by Request
      1.32 Acres

      9428 Oak Dr

      Land • 1.32 Acres
      9428 Oak Dr, Lake City, MI 49651
      View Details
    • Value Estimation by Request

      6131 Coombs Rd

      COMMERCIAL (GENERAL)
      6131 Coombs Rd, Lake City, MI 49651
      View Details
    • Value Estimation by Request
      0.23 Acres

      385 Houghton St

      COMMERCIAL (GENERAL) • 0.23 Acres
      385 Houghton St, Lake City, MI 49651
      View Details
    • Value Estimation by Request

      Houghton Lk Rd

      COMMERCIAL (GENERAL)
      Houghton Lk Rd, Lake City, MI 49651
      View Details
    • Value Estimation by Request
      0.98 Acres

      4680 Houghton Lk Rd

      COMMERCIAL (GENERAL) • 0.98 Acres
      4680 Houghton Lk Rd, Lake City, MI 49651-9546
      View Details
    • Value Estimation by Request
      0.07 Acres

      King St

      COMMERCIAL (GENERAL) • 0.07 Acres
      King St, Lake City, MI 49651
      View Details

    Similar Nearby for Sale

    • $124,900
      1.32 Acres

      Lake City Commercial Land - $124,900

      1.32 Acres, Residential Zoning, Lake Views
      9428 Oak Dr, Lake City, MI 49651
      View Details
    • $450,000

      High-Traffic Corner Commercial Land

      Prime development opportunity at a bustling intersection in Lake City.
      415 N Main St, Lake City, MI 49651
      View Details
    • $275,000
      10,000 SF

      Retail Building in High-Traffic Area

      10,000 sq ft retail building with long-term leases.
      1968 S Morey Rd, Lake City, MI 49651
      View Details
    • $72,500
      0.23 Acres

      Vacant Land in Downtown Lake City

      Cleared double lot near Lake Missaukee, ready for your vision.
      222 N Main St, Lake City, MI 49651
      View Details
    • $495,000
      2,300 SF

      Historic Bar with Lake View

      Historic bar in Lake City with stunning lake views.
      117 S Main St, Lake City, MI 49651
      View Details
    • $39,900
      0.12 Acres

      Buildable Lot in Lake City

      Rare opportunity to build in a vibrant lakeside community.
      210 N Canal St, Lake City, MI 49651
      View Details
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    City, MI 49651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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