115 W John Street Active Save Request In-Person Tour Request Virtual Tour
Lake City,MI 49601
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,504 sqft
Price per Sqft $136
MLS Listing ID 1931659
Year Built 1950
Lot Size 2.300 Acres
Acres 2.3
Lot Dimensions 250'x400'
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, 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
Area Lake Twp (57009)
Zoning Commercial
Interior
Heating Heat Pump(s)
Cooling Heat Pump(s)
Exterior
Parking Features 3-5 Spaces,6-10 Spaces
Roof Type Asphalt,Metal
Building
Water Public Water
Structure Type Frame,Steel,Vinyl Siding
Others
Ownership Corporation
Energy Description Natural Gas
Financing Cash,Commercial Loan,Conventional