115 W John Street Active Save Request In-Person Tour Request Virtual Tour
Lake City,MI 49601
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 5,504 sqft
Price per Sqft $136
Subdivision Mi
MLS Listing ID 1931659
Year Built 1950
Lot Size 2.300 Acres
Acres 2.3
Lot Dimensions 250'x400'
Property Sub-Type Hospitality
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, this site presents a one-of-a-kind investment opportunity in a rapidly developing market. Price is negotiable—let's discuss the possibilities!
Location
State MI
County Missaukee
Zoning Commercial
Body of Water Lake Missaukee
Rooms
Basement Poured Concrete
Interior
Heating Heat Pump
Cooling Heat Pump
Exterior
Exterior Feature Vinyl,Brick
Roof Type Asphalt,Metal/Steel
Present Use Office Building,Other
Road Frontage Public Maintained,Blacktop
Total Parking Spaces 5
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 57-051-102-001-00
Ownership Corporate Owned
Acceptable Financing Conventional Mortgage,Commercial Loan,Cash
Listing Terms Conventional Mortgage,Commercial Loan,Cash