MI > Lake City > Mi
Lake City, MI 49601,115 W John Street
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Lake City, MI 49601,115 W John Street
Lake City, MI 49601,115 W John Street
Lake City, MI 49601,115 W John Street
Lake City, MI 49601,115 W John Street
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Tricia Boerma

Tricia Boerma

+1(989) 560-5779
Listed by Daniella M Bell • Coldwell Banker Schmidt-Cadillac
$ 750,000
Est. payment /mo
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115 W John Street Lake City, MI 49601

5,504 SqFt

UPDATED:

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

agent

Tricia Boerma

Broker

+1(989) 560-5779

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115 W John Street