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115 W John Street Lake City, MI $ 750,000
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$ 750,000 Get more info
115 W John Street
$ 750,000
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Share Save

115 W John Street

Lake City, MI, 49601
$ 750,000
Bedrooms-- Baths-- Sq 5,504

Monthly Estimate*

$ 4,618

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Commercial Property for sale in Lake City, MI

for $750,000. This 5,504 square foot building was built in 1950 on a lot size of 2.3.

Prime Boutique Hotel Development Opportunity – Missaukee County, MI A rare waterfront development opportunity in the heart of Lake City, Michigan! This city-owned property offers 80 feet of frontage on Missaukee Lake, an 18,800-acre all-sports lake, and directly borders Central Park, which is set to receive a $900,000 state-funded renovation. Additionally, the city has plans for a new marina with both transient and seasonal boat slips, enhancing the area's appeal for visitors and residents alike. The city is actively seeking the right development partner to bring a boutique hotel or mixed-use project to life, creating a destination that complements the community's vision for growth. With access to all public utilities and a strategic location near Traverse City and Cadillac, this site presents a one-of-a-kind investment opportunity in a rapidly developing market. Price is negotiable - let's discuss the possibilities!

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Commercial Active

Price

$ 750,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

2.3

Year Built

1950

Town/City

Lake City

County/Region

Missaukee

MLS | Web ID

80055019
Features
General
Heating Heat Pump(s)
Cooling Heat Pump(s)
Possession Negotiable (Possession)
Roof Asphalt Metal
Water Public Water
Status Active Active
Year Built 1950
Parking 3-5 Spaces 6-10 Spaces
Subdivision None
County Missaukee
Class COM/IND/BUS OPP
Type Business
Business Name Lake City Hall Property
Ownership Corporation
Municipality Lake Twp
Section 6
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Commercial Features ADA Accessible Overhead Doors
Area Lake Twp (57009)
Location Corner Lot Office Park
Directions M66 into Lake City (aka Main Street) to John Street west to just before the lake
City Lake City
Financial Terms Cash Commercial Loan Conventional
Legal Description LOTS1 2 3 4 5 13&14ANDW20FTOFLOT16 ANDE5FTOFLOT16ANDS1/2OFLOT15AND W40FTOFN1/2OFLOT15ANDW25FTOFS 1/2OFLOT12ANDN10FTOFLOT6BLK2EXCS 5FTOFLOT13 W15FTOFN1/2OFLOT12ANDBEGATSECOROFLOT4THN02DEG01'28 W5 FT
DOM 352
Price Per Sq Ft Total AG 136.26
Public Remarks Prime Boutique Hotel Development Opportunity – Missaukee County MI A rare waterfront development opportunity in the heart of Lake City
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Exterior
Exterior Frame Steel Vinyl Siding
Body of Water Lake Missaukee
Lot Size Area 2.3
Lot Dimensions 250'x400'
Frontage Type Water
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Daniella Bell

Listing Agent

Coldwell Banker Schmidt-Cadillac

Broker

daniella.bell@cbgreatlakes.com

Email

Affordability Calculator

$4,618
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,618
Monthly Property Taxes
--
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
760529 Elementary School
760235 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/21/2025$750,000 Listed Price

Map

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115 W John Street, Lake City, MI, 49601 is a Commercial Property for sale at $750,000 with 5,504 sqft and a lot size of 2.3. 115 W John Street was built in 1950. The property's zip code is 49601 which is in Lake City, MI

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