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$ 750,000
Est. payment | /mo
5,504 SqFt
$ 750,000
Est. payment | /mo
5,504 SqFt
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
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Schmidt-Cadillac