Lake City, MI Residential income properties for sale

Lake City Multifamily Investment Opportunity

$420,000

4,880 SF

Lake City Multifamily Investment Opportunity

1341 S Lakeshore Dr, 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: Jan 7

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Lake Missaukee Waterfront Mixed-Use Property

$429,000

3,331 SF

Lake Missaukee Waterfront Mixed-Use Property

218 S Main St, Lake City, MI 49651

Mixed-use property with immediate income potential and long-term lifestyle value.

Enjoy 60 feet of private shoreline on Lake Missaukee, an 1,880‑acre all‑sports lake.
Mixed‑use property offers immediate income potential from commercial space and a spacious three‑bedroom apartment.
Furnishings in the office space and apartment are included in the sale.
Located directly on M‑66/S. Main Street, steps from downtown Lake City's amenities and events.
The apartment features a four‑season porch with panoramic lake views, a primary suite, and a private side entrance.

Updated: Oct 31, 2025

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Lake City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

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Downtown Cadillac Historic Brick Building

Historic mixed-use building in downtown Cadillac with redevelopment potential.

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20-acre off-grid retreat suited for homesteading, recreation, or income.

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RV Lot in Vista Green Resort

Premium RV lot with full hook-ups in resort community.

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Lake City, MI Residential Income Properties Investment Opportunities Market Analysis

Explore 2 residential income properties for sale in Lake City, MI on our real estate platform. These investment opportunities span a total of 95,832 square feet of properties for sale, with an estimated market value of $849,000.

Prices for residential income properties in Lake City, MI start at $420,000, averaging $424,500, and reaching up to $429,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

Lake City, MI Residential Income Properties for Sale

Lake City Multifamily Investment Opportunity

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

Lake Missaukee Waterfront Mixed-Use Property

Mixed-use property with immediate income potential and long-term lifestyle value.