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    Lake City, MI
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    Lake City, MI Residential Land & Home Lots for Sale

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    Mc Bain, MI Cadillac, MI Manton, MI
    Prime Lake City Development Opportunity
    $47,000
    6.30 Acres

    Prime Lake City Development Opportunity

    VL W Houghton Lake Road, Lake City, MI 49651

    Versatile land near Lake City, ideal for various uses.

    • prime property located just east of lake city and west of houghton lake.
    • electricity at the road.
    • excellent building site, recreational property, or a commercial site for a business.
    • acreage extends to the north which enables room to distance from the highway.
    • several lakes in the area.
    Updated: Jan 15
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    Vacant Land in Downtown Lake City
    $69,599
    0.23 Acres

    Vacant Land in Downtown Lake City

    222 N Main Street, Lake City, MI 49651

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

    • Prime Downtown Location on Main Street, steps away from shops, cafes, Lake Missaukee, and community events.
    • Cleared Double Lot ready for new construction to design a custom home or investment property.
    • Lake Missaukee Access: Enjoy close proximity to an 1880 all‑sports sandy shoreline lake.
    • Convenient Amenities: Driveway already in place and a small garden shed on site.
    • Walkable to Schools and Businesses: Half a block from Lake City Schools and an easy walk to restaurants and businesses.
    Updated: Aug 13, 2025
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    Buildable Lot in Lake City
    $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
    View details
    Based on your search, we've compiled 3 Potential Opportunities for your consideration. Besides 3 Active listings in Lake City, MI, we suggest exploring several alternatives:

    Lake City, MI Residential Land & Home Lots Investment Opportunities Market Analysis

    Explore 3 residential land & home lots for sale in Lake City, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $156,499.

    Sale prices for home sites in Lake City, MI start at $39,900, averaging $52,166, and reaching up to $69,599 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    6-Month New Listing Trend

    Monthly new listing volume vs. 6-month average in Lake City.

    Top Commercial Asset Segments

    Recreation land 4
    Commercial land 3
    Agricultural land / Farmland 2
    Waterfront Land 2
    Residential land & home lots 2

    Demographics Overview

    Population 7,540
    Population Growth (5Y) -4.4%
    Median Household Income $61,524
    College Educated 26.1%

    High-Yield Neighborhoods for Strategic Investment

    Identify Lake City submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    49651 $52.2K

    Taxes & Financing

    Tax Rate (average for all types) 3.24%
    Property Tax per SF $98.07 per sq ft
    Average Loan-to-Value 65.0%

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