212 Main Street Lake City, MI 49651

$395,000
212 Main Street, Lake City, MI 49651
Call 1-800-839-1363
1829821

Commercial Property for sale in Lake City, MI

for $395,000. This 7,198 square foot building was built in 1980 on a lot size of 160 x 112.

Property Information

  • $395,000
  • Commercial
  • 7,198 Square Feet
  • Taxes are $10,813
  • Hospitality
  • Active
  • Lot size of 160 x 112
  • Built in 1980
  • Lake City, MI
  • Missaukee County
  • MLS/Web ID is 1829821

Description

This is an incredible investment property with options to keep as a apartment complex or to develop into another business. The 5 units have had great rental history over the last several years. The large 3 bedroom unit has a garage for parking as well and then the other four units have private parking as well. Property is located in downtown Lake City with 160 ft. of waterfront on Lake Missaukee, a tourist destination in all four seasons. The complex is walking distance to shopping, restaurants, tennis and basketball courts and skate park. Property is zoned C2-Resort.

Interior 6

Cooling System

  • Central Air

Heating Source

  • Natural Gas

Heating System

  • Forced Air

Interior

  • Furniture Included in Sale

Sewer

  • Municipal

Water Source

  • Municipal

Exterior 8

Construction

  • Block
  • Frame

Foundation

  • Block

Parking

  • Assigned Parking
  • Parking Lot
  • Paved

Road Frontage

  • Blacktop
  • Public Maintained Road

Roof

  • Asphalt Roof

Siding

  • Vinyl

Waterfront Description

  • Deed Access

Zoning

  • Commercial

Miscellaneous 1

Location

  • Freestanding

† Excluded Feature

Listed By

Broker: CITY2SHORE REAL ESTATE
Phone: (231) 839-0077

212 Main Street , Lake City, MI, 49651 is a Commercial Property for sale at $395,000 with 7,198 sqft and a lot size of 160 x 112. 212 Main Street was built in 1980. The property's zip code is 49651 which is in Lake City, MI

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Pricing History

Date Price Price Change Description
9/15/2017 $395,000 -8.12 % Price Change
4/4/2017 $429,900 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Lake City $204,002 48 % below $168,900 57 % below
Commerical listings in Lake City $267,326 32 % below $244,500 38 % below

Get the facts about Lake City, MI!

Population 815
Population Growth (since 2000) -13 %
Median Income $41,854
Median Age 43.54
Households w/ Children 23 %

Residential Dwellings

  • Owned 233
  • Vacant 219
  • Rented 92

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