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218 S Main

Lake City, MI 49651
  • $560,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 1933129
$560,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,439
    SQFT
  • $230
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1956
County:

School Ratings & Info

Description

Rare Mixed-Use Investment Opportunity on Lake Missaukees Pristine Waterfront Positioned on 60 feet of private shoreline along 1,880-acre all-sports Lake Missaukee, this versatile mixed-use commercial property offers the best of both worldsimmediate income potential and long-term lifestyle value. The back of the building features a spacious three-bedroom, three-bath apartment, complete with a primary suite offering a large closet and private bath, two ample size guest bedrooms and guest full bath, a large laundry room with wash sink, and a four-season porch that delivers panoramic lake views all year round with private side entrance and parking. On the commercial side in the front of the building, the layout includes multiple office spaces; a large main common area with reception area, break room, private office, and back officeideal for operating a business or leasing to professional tenants. Building is next to Miltner Beach, a public sandy beach and a small boat launch, creating even more value for tenants or guests. Located directly on M-66/S. Main Street, this property is just steps from downtown Lake Citys dining, shopping, and seasonal events. Its also a short drive to Traverse City, Lake Michigan, ski resorts, and ORV trailsmaking it a magnet for both locals and tourists. Watch the July 4th fireworks right your window or small patio area during Lake Citys "Greatest Fourth in the North, or enjoy year-round activities like the Polar Plunge, Festival of the Pines, and unbeatable Northern Michigan sunsets. Whether youre an investor seeking a cash-flowing asset with future upside or a buyer looking for a unique live/work/lakefront combo, this property delivers flexibility, location, and undeniable charmall in one dynamic package. Sale includes all furnishings in the office space and apartment.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-07-18T23:50:34.767.
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218 S Main Lake City, MI 49651

  • Price: $560,000
  • Status: Active
  • On Site: 78 Days
  • MLS #: 1933129
0
Beds
0
Baths
0
½ Baths
0.09
Acres
2,439
SQFT
$230
$/SQFT
1956
Built
Neighborhood:
None
County:
Missaukee
Area:
Reeder Twp (57012)
Property Description
Rare Mixed-Use Investment Opportunity on Lake Missaukees Pristine Waterfront Positioned on 60 feet of private shoreline along 1,880-acre all-sports Lake Missaukee, this versatile mixed-use commercial property offers the best of both worldsimmediate income potential and long-term lifestyle value. The back of the building features a spacious three-bedroom, three-bath apartment, complete with a primary suite offering a large closet and private bath, two ample size guest bedrooms and guest full bath, a large laundry room with wash sink, and a four-season porch that delivers panoramic lake views all year round with private side entrance and parking. On the commercial side in the front of the building, the layout includes multiple office spaces; a large main common area with reception area, break room, private office, and back officeideal for operating a business or leasing to professional tenants. Building is next to Miltner Beach, a public sandy beach and a small boat launch, creating even more value for tenants or guests. Located directly on M-66/S. Main Street, this property is just steps from downtown Lake Citys dining, shopping, and seasonal events. Its also a short drive to Traverse City, Lake Michigan, ski resorts, and ORV trailsmaking it a magnet for both locals and tourists. Watch the July 4th fireworks right your window or small patio area during Lake Citys "Greatest Fourth in the North, or enjoy year-round activities like the Polar Plunge, Festival of the Pines, and unbeatable Northern Michigan sunsets. Whether youre an investor seeking a cash-flowing asset with future upside or a buyer looking for a unique live/work/lakefront combo, this property delivers flexibility, location, and undeniable charmall in one dynamic package. Sale includes all furnishings in the office space and apartment.
Exterior Features

Exterior Construction FrameVinyl Siding Foundation Type Slab Lake Name Lake Missaukee Lot Size 60 x 90 Parking 3-5 Spaces Roofing Asphalt

Interior Features

Basement YN No Commercial Features ADA AccessibleFixturesSecurity Syetem Owned Cooling System Central A/C Fuel Type Natural Gas Heating System Forced Air

Property Features

Business Name N/A Business Type OfficeRecreation Commercial Type Commercial/Industrial Financial Terms CashCommercial LoanConventional Lease YN No Municipality Reeder Twp Ownership Private SEV 212800 Sev Year 2024 Sewer Septic Public Sanitary Summer Tax Amount 1897.31 Summer Tax Year 2024 Taxable Value 172982 Total Tax Amount 9837.63 Water Public Water Winter Tax Amount 7940.32 Winter Tax Year 2024 Zoning Commercial

Listing courtesy of City2Shore Real Estate Northern Michigan : 231-839-0077.

Source MLS: MiRealSource
Originating MLS: Aspire North REALTORS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-07-18T23:50:34.767.
 
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5400 Gateway Center Ste B
Mundy Twp MI, 48507