506 Prospect Street Lake City, MI $ 239,900
506 Prospect Street
$ 239,900
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506 Prospect Street

Lake City, MI, 49651
$ 239,900
Bedrooms4 Baths1.1 Sq 1,221

Monthly Estimate*

$ 1,515

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Single Family Home for sale in Lake City, MI

for $239,900 with 4 bedrooms and 1 full bath, 1 half bath. This 1,221 square foot home was built in 1974 on a lot size of 0.23.

Well-maintained 4-bedroom, 1.5-bath ranch home situated on a large double corner lot in a desirable Lake City neighborhood! Enjoy the convenience of in-town living just a short walk from beautiful Lake Missaukee's quarter-mile sandy beach, pickleball, tennis and basketball courts, skateboard park, library, downtown shopping, dining, and the beloved Tasty Treat. The large front and side yards provide plenty of room to enjoy the outdoors. A fire pit and campfire area on the west side of the garage are perfect for evening gatherings, while the cozy patio between the home and detached garage creates an inviting space for entertaining, summer barbecues, morning coffee, or relaxing with family and friends. Located on a quiet street across from a church, this home also features a fenced backyard and a 28' x 24' detached garage with workshop, providing excellent storage and workspace. Recent updates include a mudroom closet off the front entry, refreshed kitchen cabinets with a stylish backsplash, completely remodeled full and half bathrooms, new laminate flooring, updated carpeting, fresh paint throughout, updated light fixtures, added gutters, and a newer furnace with central air conditioning. The functional floor plan offers four bedrooms and one-and-a-half baths, while the full unfinished basement provides excellent storage and future finishing potential. Conveniently located just one block from the elementary school and four blocks from downtown, this move-in-ready home offers comfort, convenience, and small-town charm in one exceptional package.

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Single Family Active

Price

$ 239,900

Bedrooms

4

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 2,153

Style

Ranch

Lot Size

0.23

Year Built

1974

Town/City

Lake City

County/Region

Missaukee

MLS | Web ID

1947299

Features
Interior
Interior Amenities Entrance Foyer Walk-In Closet(s) Formal Dining Room Drywall Ceiling Fan(s) Cable TV High Speed Internet
Basement Full Daylight Unfinished Interior Entry
Flooring Concrete Laminate Carpet
Fireplace Features None
Kitchen Level Main
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Blinds Drapes Curtain Rods
Fireplace Y/N N
Above Grade Finished Area 1221
Half Baths 1
3/4 Baths 0
Laundry Features Lower Level
Total Bedrooms 4
Below Grade Finished Area 0
Entry Level 1
Living Room Level Main
Main Level Bedrooms 4
Main Level Bathrooms 2
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
Primary Bathroom Features Shared
Kitchen Area 91.455
Kitchen Length 9.1
Kitchen Width 10.05
Primary on Main 100.57
Second Bedroom Length 11.3
Second Bedroom Width 8.9
Bedroom 3 Area 128.96
Bedroom 3 Length 12.4
Bedroom 3 Width 10.4
Bedroom 4 Area 106.8
Bedroom 4 Length 12
Bedroom 4 Width 8.9
Dining Room Area 10.5 94.5
Dining Room Width 9
Living Room Area 273.48
Living Room Length 21.2
Living Room Width 12.9
Primary Bedroom Area 136.24
Primary Bedroom Length 13.1
Primary Bedroom Width 10.4
Dining Room Level Main
Bedroom 4 Level Main
Bedroom 3 Level Main
Second Bedroom Level Main
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General
Sewer Public Sewer
Heating Forced Air Floor Furnace Natural Gas
Cooling Central Air
Possession Negotiable
Roof Asphalt
Appliances Refrigerator Oven/Range Dishwasher Microwave Washer Dryer Electric Water Heater
Garage Spaces 2
Association Fee Includes None
Patio/Porch Features Patio Covered
Architectural Style Ranch
Security Features Smoke Detector(s)
Construction Materials Frame Aluminum Siding
Pets Allowed false
Year Built 1974
View Countryside View
Stories Count 1
Township City of Lake City
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features None
Community Features None
Accessibility None
Assoc Fee Paid Per Annually
County Missaukee
New Construction N
Property Type Residential
Attached Garage N
Subdivision Name Reeder's 3rd Addition
Garage Y/N Y
Other Structures None
Full Baths 1
Status New
Directions From Main St. (M-66) head toward John St. Then turn left onto Prospect St and the destination will be on your right.
City Lake City
High School District Lake City Area School District
Zoning Description Residential
Lot Size Units Acres
Lot Size Square Feet 10018.8
Carport Y/N N
Tax Annual Amount 2153.08
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Virtual Tour https://montage-media.aryeo.com/sites/rqlxvwvq/unbranded https://montage-media.aryeo.com/sites/506-prospect-st-lake-city-mi-49651-26052579/branded
Primary Bedroom Level Main
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Lake City Area School District
Elementary School District Lake City Area School District
Tax Assessed Value 61016
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description LOTS 1 & 16 BLK 15 D REEDER'S THIRD ADD.
Freehold IDX
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Exterior
Exterior Amenities Sidewalk Rain Gutters
Fencing Fenced
Parking Features Concrete Private Detached Paved Concrete Floors
Lot Features Corner Lot Level Landscaped
Water Source Public
Lot Size Area 0.23
Foundation Details Block
Number of Buildings 1
Spa N
Lot Dimensions 100 x 100
Lot Size Acres 0.23
Road Surface Type Asphalt
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
City2shore Real Estate Northern Michigan

Broker

(231) 920-6422

Phone

Affordability Calculator

$1,694
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,515
Monthly Property Taxes
$179
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
2033964 Elementary School
2034225 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/29/2026$239,900 Listed Price

Map


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506 Prospect Street, Lake City, MI, 49651 is a Single Family Home for sale at $239,900 with 1,221 sqft and a lot size of 0.23. 506 Prospect Street has 4 bedrooms, 1.1 baths, and was built in 1974. The property's zip code is 49651 which is in Lake City, MI