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$ 499,900
Est. payment /mo
Price Dropped by $60K
218 S Main Street Lake City, MI 49651
2,439 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,439 sqft
Price per Sqft $204
Municipality Reeder Twp
Subdivision Reeder Twp
MLS Listing ID 80056463
Year Built 1956
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Industrial
Property Description
Rare Mixed-Use Investment Opportunity on Lake Missaukee’s 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 worlds—immediate 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 office—ideal 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 City’s dining, shopping, and seasonal events. It’s also a short drive to Traverse City, Lake Michigan, ski resorts, and ORV trails—making it a magnet for both locals and tourists. Watch the July 4th fireworks right your window or small patio area during Lake City’s “Greatest Fourth in the Northâ€, or enjoy year-round activities like the Polar Plunge, Festival of the Pines, and unbeatable Northern Michigan sunsets. Whether you’re 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 charm—all in one dynamic package. Sale includes all furnishings in the office space and apartment.
Location
State MI
County Missaukee
Zoning Commercial
Body of Water Lake Missaukee
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Sewer Public
Structure Type Vinyl Siding
Listed by City2Shore Real Estate Northern Michigan