V/L W Watergate Road Lake City, MI ^$ 99,900

V/L W Watergate Road

^$ 99,900

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V/L W Watergate Road

Lake City, MI, 49651

^$ 99,900

Bedrooms-- Baths--

Monthly Estimate*

^$ 615

V/L W Watergate Road, Lake City, MI 49651 - Image 1

V/L W Watergate Road, Lake City, MI 49651 - Image 2

V/L W Watergate Road, Lake City, MI 49651 - Image 3

V/L W Watergate Road, Lake City, MI 49651 - Image 4

V/L W Watergate Road, Lake City, MI 49651 - Image 5

V/L W Watergate Road, Lake City, MI 49651 - Image 6

V/L W Watergate Road, Lake City, MI 49651 - Image 7

V/L W Watergate Road, Lake City, MI 49651 - Image 8

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Commercial Property for sale in Lake City, MI

for $99,900. The lot size is 7.5.

Take advantage of this 7.5-acre parcel of commercial property in a prime location! It is situated on a main thoroughfare between Cadillac and Lake City offering quick and easy access to these sought after towns in northern Michigan. Because the traffic is consistently steady, the possibility to build and create your own business in an area that assures being seen and noticed by the public is a great opportunity. Take advantage of pursuing your dreams today!

Commercial Active

Price

^$ 99,900

Property Type

Commercial

Taxes

^$ 1,504

Style

Lot Size

7.5

Town/City

Lake City

County/Region

Missaukee

MLS | Web ID

1941222

Features

General

Sewer None

Possession Close Of Escrow

Roof None

Construction Materials None

Year Built 0

Township Lake

Property Subtype Mixed Use

Tax Year 2025

Current Use Vacant

Business Type None

Accessibility None

Assoc Fee Paid Per Annually

Business Name Watergate Properties LLC

County Missaukee

New Construction N

Property Type Commercial Sale

Attached Garage N

Subdivision Name Lake Township

Garage Y/N N

Building Features None

Rent Includes None

Status Active

Directions Take M-55 east out of Cadillac. Located between W Cadillac Rd and LaChance Rd on the south side of the highway.

City Lake City

Zoning Description Commercial

Lot Size Units Acres

Lot Size Square Feet 326700

Carport Y/N N

Tax Annual Amount 1504

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 22500

Virtual Tour https://vimeo.com/1147485285/c4f4ddd151?share=copy&fl=sv&fe=ci

Ownership Type Private Owner

Lease Amount Frequency Annually

Legal Description SEC 32 T22N R8W (1*2005) BEG S 0 DEG 30'13 E 1061.2 FT N 67 DEG 43'28 E 120.27 FT N 68 DEG 31'38 E 479.61 FT FROM W 1/4 COR TH N 70 DEG 40'10 E 799.93 FT S 0 DEG 29'11 E 400 FT S 69 DEG 40'51 W 804.6

Freehold IDX

Exterior

Parking Features None

Lot Features Freestanding

Water Source None

Lot Size Area 7.5

Foundation Details None

Spa N

Lot Dimensions 799 x 401 x 803 x 416

Lot Size Acres 7.5

Road Surface Type Asphalt

Waterfront Y/N N

Road Responsibility Public Maintained Road

Horse Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Below Grade Finished Area Unit Type Square Feet

Above Grade Finished Area Unit Type Square Feet

* Excluded Features

List By

City2shore Real Estate Northern Michigan

Broker

(231) 590-6160

Phone

Affordability Calculator

$740

Per Month

Monthly Principal & Interest: $615
Monthly Property Taxes: $125
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Lake City, MI

Average List Price ^$339,856

Percent of Sale Price 240%

About Lake City, MI

7,595 Population

3% Since 2002

^$40,822 Median Income

44.77 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2034270 Elementary School

2034440 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/18/2025	$99,900		Listed Price

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V/L W Watergate Road, Lake City, MI, 49651 is a Commercial Property for sale at $99,900 with a lot size of 7.5. The property's zip code is 49651 which is in Lake City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northern Great Lakes REALTORS® MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 2/6/2026.

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V/L W Watergate Road

Commercial Property for sale in Lake City, MI

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