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$549,900   Price Analysis
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1263 S Lakeshore Dr
Lake City, MI 49651
3 bed 5 bath 5,820 SqFt ($94/SqFt)
0.37 acre lot. Built 1975
Listed 2024-04-25
USDA Eligible
near Lake City, MI
 Restrictions may apply
due to home size

Business is Relocating.

Building for sale only. Not business. Where can you find a mixed-use (Commerica l/Residential) building for under $100 a sq ft (5820 total sq ft)? This huge income-producing opportunity is the perfect location for a medical building, restaurant, party store, office space, apartments, church, daycare center, five plus AirBNB, etc. Located in the heart of Lake City and across the road from attractive Lake Missaukee. There is a public beach right across the street. The front of the building has 3/4 large private office spaces (3180 Sq ft).All with their own 1/2 baths.

There are 4 bedrooms, 2 baths (2640 sq ft) living quarters in the back. The living quarter features a 1st-floor laundry, a large living room, a huge kitchen and a family room. There is a fenced-in backyard for kids/pets or additional parking. This property is connected to city water and sewer. Which includes garbage, recycling and yard waste pickup. The building is currently connected to Spectrum high-speed internet. There is a nice lite sign by the road for advertising your business/businesses. The new roof was put on in the summer of 2021. The parking lot was also resealed/stripped in the summer of 2021. Take advantage of this opportunity. Seller is a licensed Real Estate Broker in th State of Michigan. Shed and Fridge are not included.


Presented by Sara Crawford Martinez at
EXIT REALTY LAND AND LAKES.
Listing Agent Photo

Property MLS #1921533 from NGLRMLS

Bedrooms: 3
Bedroom 1 Dimensions: 12.5 x 18
Bedroom 2 Dimensions: 9 x 17.1
Bedroom 3 Dimensions: 11 x 16.2
Bedroom 1 Level: Main Floor
Bedroom 2 Level: Main Floor
Bedroom 3 Level: Main Floor

Total Bathrooms: 3.5
Full Bathrooms: 1
1/2 Bathrooms: 3
3/4 Bathrooms: 1
Bathrooms On Main Level: 5
Primary Bathroom Description: Private

Bay Window(s)
Foyer Entrance
Great Room
Den/Study
Game Room
Drywall

Oven/Range
Dishwasher
Ceiling Fan
Laundry Features: Level: Main Floor

Heating Fuel: Natural Gas
Forced Air
Baseboard
Central Air

Kitchen Dimensions: 12 x 14.0
Kitchen Level: Main Floor

Family Room Dimensions: 12 x 18
Living Room Dimensions: 24 x 23
Family Room Level: Main Floor
Living Room Level: Main Floor

Patio
Fenced Yard
Roads: Public Maintained, Blacktop

Water View
Near Pub.Access w/in 500'

Corner Lot
Level
Lot Description: Metes and Bounds
Lot Size Acres: 0.37
Lot Size Dimensions: 125x135
Lot Size Square Feet: 16117

Driveway: Blacktop

Association: No
Calculated Total Monthly Association Fees: 0

School District: Lake City Area School District

Lake City Middle School is a public middle school located approximately 0.9 miles away.
directions icon Map directions

Lake City Upper Elementary School is a public elementary school located approximately 1.2 miles away.
directions icon Map directions

Lake City High School is a public high school located approximately 1.2 miles away.
directions icon Map directions

Source Listing Status: Active
County: Missaukee
Directions: Lake City, Coner of M-66/Lakeshore Dr. & Kalkaska St.
Source Property Type: Residential
Township: City of Lake City
Zoning: Residential, Commercial
Property Subtype: Single Family
Source System Name: C2C

Price Changed 2024-06-19
$549,900
NGLRMLS
Listed 2024-04-25
$589,900
NGLRMLS

Total Square Feet Living: 5820
Year Built: 1975
Above Grade Finished Area: 5820
Building Exterior Type: Aluminum, Vinyl
Construction Materials: Frame
Foundation Details: Slab
Property Age: 49
Roof: Asphalt
House Style: 1 Story

Sewer: Municipal
Television: Cable TV, Cable Internet
Water Source: Municipal
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.