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$ 750,000
Est. payment /mo
Active
115 W John Street Lake City, MI 49601
5,504 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,504 sqft
Price per Sqft $136
Municipality Lake Twp
Subdivision Lake Twp
MLS Listing ID 80055019
Originating Board MiRealSource
Year Built 1950
Lot Size 2.300 Acres
Acres 2.3
Property Sub-Type Business
Property Description
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,
Location
State MI
County Missaukee
Zoning Commercial
Body of Water Lake Missaukee
Interior
Heating Heat Pump
Exterior
View Y/N No
Roof Type Metal
Building
Sewer Public
Structure Type Vinyl Siding
Listed by Coldwell Banker Schmidt-Cadillac