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    Lake City, MI
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    Lake City, MI Retail Properties & Spaces for Sale

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    Pizza Restaurant With Commercial Equipment
    Updated: Feb 13
    Pizza Restaurant With Commercial Equipment

    81 N Morey Road, Lake City, MI 49651

    $119,900
    510 sqft 0.01 AC lot
    510‑square‑foot restaurant building constructed in 1950
    Sale includes the operating pizza business and food‑service equipment
    Two‑door natural gas pizza oven and 10‑by‑10‑foot walk‑in cooler included
    Additional equipment includes convection oven, commercial mixer, freezers, and pop cooler
    Located at 81 N Morey Road, just north of the M‑55 and M‑66 intersection
    View details
    Downtown Bar With Lake Views
    Updated: Apr 6
    Downtown Bar With Lake Views

    117 S Main Street, Lake City, MI 49651

    $475,000
    2,300 sqft 0.05 AC lot
    Approximately 2,300 square feet of interior bar space
    Approximately 2,300 square feet of patio space
    Downtown Lake City location at 117 S Main Street
    Views overlooking Lake Missaukee
    Brick exterior and construction
    View details
    Self-Serve Car Wash with Oversized Bay
    Self-Serve Car Wash with Oversized Bay

    991 S Lakeshore Drive, Lake City, MI 49651

    $275,000
    0.24 AC lot

    Remote monitoring, card and coin payment, and space for larger vehicles support flexible customer use.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Lake City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Shopping Center with Anchor Space
    Shopping Center with Anchor Space

    1508 N Mitchell Street, Cadillac, MI 49601

    $2,340,000
    47,945 sqft 8.94 AC lot

    Multi-tenant retail center with brick construction, central air, and a substantial vacant store area ready for occupancy.

    View details
    Multi-Tenant Shopping Center
    Multi-Tenant Shopping Center

    2100 North Mitchell Street, Cadillac, MI 49601

    $500,000
    44,100 sqft

    Retail center with multiple access points, pylon signage, on-site parking, and a varied roster of national, regional, and local tenants.

    View details
    Convenience Store with Deli
    Convenience Store with Deli

    Mc Bain, MI 49657

    Contact for pricing

    The sale combines the operating business and its property, with liquor, lottery, and DNR licenses included.

    View details
    Commercial Development Site Near Retail
    Commercial Development Site Near Retail

    8998 E 34 Road, Cadillac, MI 49601

    Contact for pricing

    Development site near major retailers with permitted commercial uses.

    View details

    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.

    Commercial Parcel in Manton, Michigan
    Commercial Parcel in Manton, Michigan

    10103 E M 42, Manton, MI 49663

    $595,000
    5.00 AC lot

    5-acre commercial parcel with high visibility and traffic counts.

    View details
    Cleared Commercial Development Land
    Cleared Commercial Development Land

    Vacant Lot Plett Road, Cadillac, MI 49601

    $200,000
    2.50 AC lot

    Level, cleared commercial site along Plett Road with development-ready land and flexible parceling.

    View details
    Cleared Level Commercial Land
    Cleared Level Commercial Land

    Parcel C Plett Road, Cadillac, MI 49601

    $75,000
    1.10 AC lot

    Cleared, level site on Plett Road with standalone or assemblage flexibility.

    View details
    Cleared Commercial Land
    Cleared Commercial Land

    Parcel B Plett Road, Cadillac, MI 49601

    $55,000
    0.70 AC lot

    Level, cleared parcel along Plett Road with development potential and the option to stand alone or join adjacent parcels.

    View details

    Off-Market Properties in Lake City, MI

    Consider similar Off-Market properties in Lake City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1991 Morey Rd
    Mixed-use properties

    1991 Morey Rd, Lake City, MI 49651

    Estimated value: by Request
    2,151 sqft 0.36 AC lot
    View details

    Lake City, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 4 retail properties & spaces for sale in Lake City, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 2,810 square feet of properties for sale, with an estimated market value of $869,900.

    Sale prices for stores in Lake City, MI start at $119,900, averaging $289,966, and reaching up to $475,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 2
    Automotive properties 1
    Car washes 1
    Self service car washes 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49651 $297.5K

    Taxes & Financing

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

    Total CRE Inventory on Market (SF)

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