218 S Main Street new Save Request In-Person Tour Request Virtual Tour
Lake City,MI 49651
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,439 sqft
Price per Sqft $245
Subdivision Mi
MLS Listing ID 1933129
Year Built 1956
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 60 x 90
Property Sub-Type Mixed Use
Property Description
Rare Mixed-Use Investment Opportunity on Lake Missaukee's Pristine Waterfront Positioned on 60 feet of private shoreline along 1,880-acre all-sports Lake Missaukee, this versatile mixed-use commercial property offers the best of both worlds—immediate income potential and long-term lifestyle value. The back of the building features a spacious three-bedroom, three-bath apartment, complete with a primary suite offering a large closet and private bath, two ample size guest bedrooms and guest full bath, a large laundry room with wash sink, and a four-season porch that delivers panoramic lake views all year round with private side entrance and parking. On the commercial side in the front of the building, the layout includes multiple office spaces; a large main common area with reception area, break room, private office, and back office—ideal for operating a business or leasing to professional tenants. Building is next to Miltner Beach, a public sandy beach and a small boat launch, creating even more value for tenants or guests. Located directly on M-66/S. Main Street, this property is just steps from downtown Lake City's dining, shopping, and seasonal events. It's also a short drive to Traverse City, Lake Michigan, ski resorts, and ORV trails—making it a magnet for both locals and tourists. Watch the July 4th fireworks right your window or small patio area during Lake City's “Greatest Fourth in the North”, or enjoy year-round activities like the Polar Plunge, Festival of the Pines, and unbeatable Northern Michigan sunsets. Whether you're an investor seeking a cash-flowing asset with future upside or a buyer looking for a unique live/work/lakefront combo, this property delivers flexibility, location, and undeniable charm—all in one dynamic package. Sale includes all furnishings in the office space and apartment.
Location
State MI
County Missaukee
Zoning Commercial
Body of Water Lake Missaukee
Rooms
Basement Slab
Interior
Heating Forced Air,Central Air
Cooling Forced Air,Central Air
Exterior
Exterior Feature Vinyl
Roof Type Asphalt
Present Use Office Building,Recreational/Resort,Other
Road Frontage Public Maintained,Blacktop
Total Parking Spaces 3
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 051-120-008-00
Ownership Private Owner
Acceptable Financing Conventional Mortgage,Commercial Loan,Cash
Listing Terms Conventional Mortgage,Commercial Loan,Cash
Virtual Tour https://vimeo.com/1080355589?share=copy#t=0