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    Lake City, MI Storefront Properties for Sale

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    Mc Bain, MI Cadillac, MI Manton, MI
    Lakefront Motel & Gift Shop
    $1,100,000
    6,554 SF
    Lakefront Motel & Gift Shop

    214 Main Street, Lake City, MI 49651

    Lakefront motel, gift shop, and gas on Lake Missaukee.
    • 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
    Updated: Mar 11
    View details
    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.

    Houghton Lake Commercial Opportunity
    $250,000
    1,890 SF
    Houghton Lake Commercial Opportunity

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

    317 Cherry Street, Houghton Lake, MI 48629

    View details
    Downtown Cadillac Mixed-Use Building
    $229,000
    Downtown Cadillac Mixed-Use Building

    Mixed-use building with commercial space and residential apartments.

    216 S Mitchell Street, Cadillac, MI 49601

    View details
    Downtown Cadillac Mixed-Use Opportunity
    $229,000
    3,300 SF
    Downtown Cadillac Mixed-Use Opportunity

    Prime commercial building with residential income in downtown Cadillac.

    216 S Mitchell Street, Cadillac, MI 49601

    View details
    Retail Business Opportunity in Houghton Lake
    $375,000
    6,000 SF
    Retail Business Opportunity in Houghton Lake

    Established retail business for sale at a busy intersection.

    8979 W Houghton Lake Drive, Houghton Lake, MI 48629

    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.

    Traverse City Land Opportunity
    $250,000
    0.20 Acres
    Traverse City Land Opportunity

    High-exposure commercial/industrial land near airport and industrial parks.

    1448-1456 Trade Centre Drive, Traverse City, MI 49684

    View details
    Corner Commercial Land Near Airport
    $1,150,000
    1.74 Acres
    Corner Commercial Land Near Airport

    Prime commercial land near Cherry Capital Airport and Costco.

    TBD Mitten Drive, Traverse City, MI 49686

    View details
    Roscommon Vlg Land Opportunity
    Contact for pricing
    0.16 Acres
    Roscommon Vlg Land Opportunity

    Commercial or residential land for sale in Roscommon Vlg.

    N MAIN Street, Roscommon, MI 48653

    View details
    Retail Building Site in Traverse
    $790,000
    13,348 SF
    Retail Building Site in Traverse

    1.18 acre retail building site in Buffalo Ridge Marketplace.

    Traverse City, MI 49684

    View details

    Lake City, MI Storefront Properties Investment Opportunities Market Analysis

    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 start at $1,100,000, averaging $1,100,000, and reaching up to $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 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 $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%

    Listings Trend

    New vs delisted commercial listings in Missaukee County

    New Delisted

    Total CRE Inventory on Market (SF)

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