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    Lake City, MI Retail Space for Sale

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    Cadillac, MI Mc Bain, MI Manton, MI
    Retail Building in High-Traffic Area
    $275,000
    10,000 SF
    Retail Building in High-Traffic Area

    1968 S Morey Road, Lake City, MI 49651

    10,000 sq ft retail building with long-term leases.
    • High‑traffic location: Approximately 10,000 vehicles passing daily.
    • 10,000 sq ft retail building with long‑term leases in place.
    • Two separate leased spaces (approx. 6,000 sq ft and 4,000 sq ft) with separate entrances.
    • Updated roof and LED lighting.
    • New furnace system in one of the leased spaces.
    Updated: Aug 13, 2025
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Seasonal Garden Center Retail Building
    $399,000
    9,041 SF
    Seasonal Garden Center Retail Building

    Seasonal nursery and garden retail building with an ice cream counter, convenient parking, and waterfront-adjacent customer access.

    9014 W Houghton Lake Drive, Houghton Lake, MI 48629

    View details
    Houghton Lake Waterfront Commercial Property
    $425,000
    2,880 SF
    Houghton Lake Waterfront Commercial Property

    Iconic commercial/residential property with waterfront access and endless potential.

    8848 State Avenue, Houghton Lake, MI 48629

    View details
    Historic Kramer Building in Cadillac
    $975,000
    12,135 SF
    Historic Kramer Building in Cadillac

    Iconic, income-producing mixed-use property in Cadillac's vibrant downtown.

    117 N Mitchell Street, Cadillac, MI 49601

    View details
    Cadillac Commercial Property with Event Center
    $595,000
    4,000 SF
    Cadillac Commercial Property with Event Center

    Three buildings on 2.25 acres with event center.

    916 S Mitchell Street, Cadillac, MI 49601

    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.

    Prime PUD-Zoned Land Opportunity
    $1,599,000
    900 SF
    Prime PUD-Zoned Land Opportunity

    2.07 acres of PUD-zoned land in a growing corridor.

    3229 State Road 207, Elkton, FL 32033

    View details

    Lake City, MI Retail Space Market Trends and Statistics

    Explore 1 retail space for sale in Lake City, MI on our real estate platform. These investment opportunities span a total of 10,000 square feet of properties for sale, with an estimated market value of $275,000.

    Sale prices for retail space in Lake City, MI start at $275,000, averaging $275,000, and reaching up to $275,000 — 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

    Automotive properties 3
    Car washes 3
    Self service car washes 3
    Storefront properties 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 $275K

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in Missaukee County

    New Delisted

    Total CRE Inventory on Market (SF)

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