406 N Houghton Street Lake City, MI $ 325,000
406 N Houghton Street
$ 325,000
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406 N Houghton Street

Lake City, MI, 49651
$ 325,000
Bedrooms-- Baths2.0 Sq 500

Monthly Estimate*

$ 2,052

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Commercial Property for sale in Lake City, MI

for $325,000 with 2 full baths. This 500 square foot building was built in 2017 on a lot size of 1.03.

Prime Commercial Investment Opportunity in the Heart of Lake City! Whether you're searching for a highly visible commercial location to establish your own business or looking to continue operating a successful seasonal attraction, this property offers exceptional potential. Positioned just one block from Main Street and only three blocks from beautiful 1,880-acre all-sports Lake Missaukee, this commercially zoned property enjoys outstanding exposure along the busy M-55/M-66 corridor, with an estimated 10,000 to 20,000 vehicles passing daily. Its central location, adjacent to Lake City High School and within walking distance of downtown, the public beach, county park, and campground, makes it an ideal setting for a wide variety of commercial ventures. The property is already improved with ample parking, attractive landscaping, and support buildings, providing a strong foundation for future development or continued business operations. Currently operating as the Lake City Miniature Golf Course, the beautifully designed 18-hole course was built in 2018 and features lush perennial gardens, decorative shrubs, fountains, a winding river, a covered pavilion with picnic tables, and evening lighting that creates an inviting atmosphere for guests of all ages. Investors will appreciate the flexibility this property offers. Continue operating the established miniature golf course, reimagine the site for another commercial enterprise, or develop your own vision in one of Northern Michigan's most popular four-season recreational destinations. Opportunities to acquire a highly visible, commercially zoned property with existing infrastructure in such a prime location are rare. Seller has a recent appraisal on file exceeding the current listing price, presenting an exceptional value for the next owner.

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Commercial Active

Price

$ 325,000

Full Bath

2

Property Type

Commercial

Taxes

$ 3,522

Style

Lot Size

1.03

Year Built

2017

Town/City

Lake City

County/Region

Missaukee

MLS | Web ID

1948341

Features
General
Sewer Public Sewer
Possession Close Of Escrow
Roof Asphalt
Construction Materials Frame Vinyl Siding
Year Built 2017
Township Reeder
Property Subtype Income
Tax Year 2026
Business Type Golf Course
Accessibility Accessible Entrance
Assoc Fee Paid Per Annually
Business Name Lake City Miniature Golf
County Missaukee
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name None
Garage Y/N N
Building Features Other
Rent Includes None
Status New
Directions From Lake City the property is located on the corner of 55 and Houghton Street by the Lake City High School.
City Lake City
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 44866.8
Carport Y/N N
Tax Annual Amount 3522
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 66658
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description SEC 6 T22N R7W COMM AT N 1/4 COR SEC 6 TH W ALG SEC LINE 966 FT S 0 DEG 22'34 W 62.28 FT TO POB TH S 0 DEG 22'34 W 225 FT S 89 DEG 56'54 E 200 FT N 0 DEG 22'34 E 225 FT N 89 DEG 56' 54 W 200 FT
Freehold IDX
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Exterior
Parking Features Parking Lot
Lot Features Corner Lot
Water Source Public
Total Parking 10
Lot Size Area 1.03
Foundation Details Slab
Spa N
Lot Dimensions 200 x 225
Lot Size Acres 1.03
Road Surface Type Asphalt
Other Parking Parking Lot
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 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
Total Baths 2
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* Excluded Features
List By
City2shore Real Estate Northern Michigan

Broker

(231) 920-6422

Phone

Affordability Calculator

$2,346
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,052
Monthly Property Taxes
$294
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
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/23/2026$325,000 Listed Price

Map


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406 N Houghton Street, Lake City, MI, 49651 is a Commercial Property for sale at $325,000 with 500 sqft and a lot size of 1.03. 406 N Houghton Street has 2.0 baths and was built in 2017. The property's zip code is 49651 which is in Lake City, MI