218 S Main Street, Lake City, MI 49651
sale
$429,000
|
Other
Courtesy Of City2Shore Real Estate Northern Michigan
200 S Main St., Lake City, MI 49651
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, 1,535 sq. ft. of office space, 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 Public 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 North , 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.
Read More About This Property
Read Less About This Property
Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.
Virtual Tour
Property Features
- Age: Over 50 Years Old
- Amenities: Water Front
- Architecture Style: Other
- Cooling System: Central Air
- Heating System: Forced Air
- MLSID: 1933129
- Parking Spaces: 3
- Roof Type: Asphalt
- Rooms: Bathroom 4
- Rooms: Basement
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$495,000
Other
117 S Main Street
Lake City, MI 49651
Building: 2,300 sq. ft.
|
Land: 0.05 Acres
Courtesy Of Five Star Real Estate
4601 Lake Michigan Dr, Grand Rapids, MI 49534
sale
$470,000
Other
113 Main Street
Lake City, MI 49651
Building: 2,500 sq. ft.
|
Land: 0.3 Acres
Courtesy Of Five Star Real Estate
4601 Lake Michigan Dr, Grand Rapids, MI 49534
sale
$420,000
Other
1341 S Lakeshore Drive
Lake City, MI 49651
Building: 4,880 sq. ft.
|
Land: 2.11 Acres
Courtesy Of City2Shore Real Estate Northern Michigan
200 S Main St., Lake City, MI 49651