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Additional details
$ 750,000
Est. payment /mo
Active
115 W John ST Lake City, MI 49601
5,504 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,504 sqft
Price per Sqft $136
MLS Listing ID 78080055019
Year Built 1950
Lot Size 2.300 Acres
Property Description
Prime Boutique Hotel Development Opportunity â€" 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 negotiableâ€"let’s discuss the possibilities!
Location
State MI
County Missaukee
Area Area57081Laketwp
Interior
Heating HeatPump, NaturalGas
Cooling HeatPump
Exterior
Parking Features Other
Utilities Available NaturalGasConnected
Waterfront Description Waterfront
View Y/N No
Roof Type Asphalt, Metal
Building
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Lakecity
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition CorporateRelocation
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Listed by Daniella M Bell of Coldwell Banker Schmidt-Cadillac