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

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

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3,300 SF

Downtown Cadillac Mixed-Use Opportunity

Prime commercial building with residential income in downtown Cadillac.

216 S Mitchell St, Cadillac, MI 49601

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Contact for pricing

12,400 SF

Historic Mixed-Use Building, Cadillac

Three-story, 12,400 SF mixed-use building with redevelopment potential.

107 N Mitchell St, Cadillac, MI 49601

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$62,500

0.07 Acres

RV Lot in Vista Green Resort

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

83 Grn Acres Dr, South Boardman, MI 49680

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$62,500

0.07 Acres

Vista Green RV Resort Lot

Premium RV lot in Vista Green Resort with full hookups.

83 Grn Park Dr Vis Grn Rd, South Boardman, MI 49680

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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.

Sale 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 stay ahead with the latest data and market trends.

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.