Missaukee County, MI Residential income properties for sale

Lake City Multifamily Investment Opportunity

$420,000

4,880 SF

Lake City Multifamily Investment Opportunity

1341 S Lakeshore Drive, 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: Apr 15, 2025

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$429,000

3,331 SF

Lakefront Mixed-Use Office & Apartment

218 S Main Street, Lake City, MI 49651

Commercial office with reception and private offices, plus a three-bedroom waterfront apartment with private entrance and parking.

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: Apr 29, 2025

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Turnkey Multifamily with Expansion Potential

$420,000

2,448 SF

Turnkey Multifamily with Expansion Potential

Fully rented 8-unit apartment complex with development potential.

Lake City, MI 49651

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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Missaukee County, MI, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$39,900

0.12 Acres

Buildable Lot in Lake City

Rare opportunity to build in a vibrant lakeside community.

210 N Canal Street, Lake City, MI 49651

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$69,599

0.23 Acres

Vacant Land in Downtown Lake City

Cleared double lot near shops, cafes, and Lake Missaukee.

222 N Main Street, Lake City, MI 49651

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$47,000

6.30 Acres

Prime Lake City Development Opportunity

Versatile land near Lake City, ideal for various uses.

VL W Houghton Lake Road, Lake City, MI 49651

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$150,000

0.69 Acres

Cadillac Development Lot For Sale

Paved, level lot suitable for multi-family, daycare, or office development.

208 Robertson Street, Cadillac, MI 49601

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Missaukee County, MI Residential Income Properties Investment Opportunities Market Analysis

Explore 3 residential income properties for sale in Missaukee County, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 10,659 square feet of properties for sale, with an estimated market value of $1,269,000.

Sale prices for residential income properties in Missaukee County, MI start at $420,000, averaging $423,000, 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.