1968 S Morey Road Lake City, MI $ 275,000
1968 S Morey Road
$ 275,000
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1968 S Morey Road

Lake City, MI, 49651
$ 275,000
Bedrooms-- Baths4.0 Sq 10,000

Monthly Estimate*

$ 1,693

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Commercial Property for sale in Lake City, MI

for $275,000 with 4 full baths. This 10,000 square foot building was built in 1980 on a lot size of 0.99.

Great business opportunity, great location, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors this 10,000 square feet retail building has long term leases in place with established businesses. This commercial building has two many areas with separate entrances and a large shared parking lot. The larger leased space is approx. 6,000 sq. ft. and then the south side is approx. 4,000 sq. ft. Laura's Needful Things in the bigger area located on the north end and then Gamer's Gambit located at the south entrance, both spaces have restrooms and many smaller office options and ample storage. According to MDOT (Michigan Dept. of Transportation), approx. 10,000 vehicles cruise thru Lake City on a daily basis. The plaza's has two other businesses that flanked this space that bring customers as well for foot traffic. The roof has been updated as well. Seller has currently updated all the lights to LED and it much more efficient. There is a new furnace system in the Gamer's Gambit section, as well. Shared well. The current active year to year leases with Gamer's Gambit LLC through February 2024 and Lake City Needful Items through July 2023, both for $1,500 per month installments, plus they pay their own utilities, water and insurance.

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Commercial Active

Price

$ 275,000

Full Bath

4

Property Type

Commercial

Taxes

$ 3,676

Style

Lot Size

0.99

Year Built

1980

Town/City

Lake City

County/Region

Missaukee

MLS | Web ID

1937513

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Possession Subject To Tenant Rights
Roof Membrane
Construction Materials Brick Block Steel Siding Aluminum Siding
Year Built 1980
Township Lake
Property Subtype Shopping Center
Tax Year 2025
Business Type Professional/Office Retail
Accessibility Accessible Doors Accessible Hallway(s) Main Floor Access Accessible Entrance Covered Entrance
Assoc Fee Paid Per Annually
Business Name Needful Things/Gamers Gam
County Missaukee
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Cobblestone Plaza
Garage Y/N N
Building Features Phone System 14ft Ceiling Height
Rent Includes Exterior Maintenance Sewer
Status Active
Directions Go the the south end of downtown Lake City plaza is located is located on the northwest corner of M-66 and Jennings Rd.
City Lake City
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 43124.4
Carport Y/N N
Tax Annual Amount 3676
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 87268
Total Actual Rent 36000
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description PCL B .44 A SEC 12 T22N R8W & PCL A .29
Freehold IDX
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Exterior
Parking Features Paved Shopping Center
Lot Features Corner Lot Shopping Center
Water Source Private Shared Well
Total Parking 30
Lot Size Area 0.99
Foundation Details Slab
Spa N
Lot Size Acres 0.99
Road Surface Type Asphalt
Other Parking Paved Shopping Center
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 4
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* Excluded Features
List By
City2shore Real Estate Northern Michigan

Broker

(231) 920-6422

Phone

Affordability Calculator

$2,000
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,693
Monthly Property Taxes
$306
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/13/2025$275,000 Listed Price

Map


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1968 S Morey Road, Lake City, MI, 49651 is a Commercial Property for sale at $275,000 with 10,000 sqft and a lot size of 0.99. 1968 S Morey Road has 4.0 baths and was built in 1980. The property's zip code is 49651 which is in Lake City, MI