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    Lake City, MI Storefront Properties for Sale

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    Cadillac, MI Manton, MI Mc Bain, MI Saginaw, MI Fife Lake, MI Merritt, MI Tustin, MI Marion, MI
    Lakefront Motel & Gift Shop
    Updated: Aug 29, 2024
    Lakefront Motel & Gift Shop

    214 Main Street, Lake City, MI 49651

    $1,100,000
    6,554 sqft 0.50 AC lot
    Prime lakefront location on Lake Missaukee with 178.5 feet of frontage, paved boat ramp, and gas pump
    Three revenue streams: motel (11 units), gift shop, and boat fueling station
    Only resort and gas station on Lake Missaukee
    Well‑maintained units, including newer construction (7 units built in 2011, 4 units built in 2009) and updated store (appx 2014)
    Includes a comfortable two‑bedroom, two‑bath owner/manager's apartment
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    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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Mixed-Use Property with Workshop
    Mixed-Use Property with Workshop

    6415 W Houghton Lake Drive, Houghton Lake, MI 48629

    $139,999
    3,744 sqft 0.47 AC lot

    Commercial-zoned property combines retail space, living quarters, and a garage/workshop under one roof.

    View details
    Houghton Lake Commercial Opportunity
    Houghton Lake Commercial Opportunity

    317 Cherry Street, Houghton Lake, MI 48629

    $250,000
    1,890 sqft 0.16 AC lot

    Commercial property with established HVAC business for sale in Houghton Lake.

    View details
    Mixed-Use Downtown Building
    Mixed-Use Downtown Building

    S 216 S Mitchell Street Unit SourceFi, Cadillac, MI 49601

    $219,000
    3,300 sqft

    Main-level commercial space with street visibility plus two upper-level residential apartments above.

    View details
    Storefront Retail Space with Paved Parking
    Storefront Retail Space with Paved Parking

    9052 E 13th Street, Cadillac, MI 49601

    $49,900

    Storefront retail space built in 2018 with natural gas forced-air heating and paved parking in Cadillac, MI.

    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.

    Light Industrial Development Site
    Light Industrial Development Site

    1448-1456 Trade Centre Drive lot: A, Traverse City, MI 49684

    $250,000
    0.20 AC lot

    Industrial-zoned land with utilities available and pre-approved building envelopes for flexible light industrial development.

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    Commercial Corner Development Land
    Commercial Corner Development Land

    Mitten Drive, Traverse City, MI 49686

    $1,150,000
    1.74 AC lot

    Development land with ingress/egress from two roads and exposure near Cherry Capital Airport and Costco.

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    Roscommon Vlg Land Opportunity
    Roscommon Vlg Land Opportunity

    N MAIN Street, Roscommon, MI 48653

    Contact for pricing
    0.16 AC lot

    Commercial or residential land for sale in Roscommon Vlg.

    View details
    Retail Building Site in Traverse
    Retail Building Site in Traverse

    Traverse City, MI 49684

    $790,000
    1.18 AC lot

    1.18 acre retail building site in major shopping destination.

    View details

    Lake City, MI Storefront Properties Market Trends and Statistics

    Explore 1 storefront properties for sale in Lake City, MI on our real estate platform. These investment opportunities span a total of 6,554 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for retail units in Lake City, MI average $1,100,000 — 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 2
    Car washes 2
    Self service car washes 2
    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 $1.1M

    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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