$549,900 Price Analysis 1263 S Lakeshore DrLake 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 |
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.
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EXIT REALTY LAND AND LAKES.
Property MLS #1921533 from NGLRMLS
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.