Homes for sale - 218 S Main Street, Lake City, MI 49651

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Sue Whipple

suewhipple@city2shore.com +1(616) 826-9737

Listed by Tamara McLeod Helsel • City2Shore Real Estate Northern Michigan

$ 599,000

Est. payment | -/mo

2,439 SqFt

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$ 599,000

Est. payment | -/mo

Save Virtual Tour

2,439 SqFt

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

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Sue Whipple

REALTOR®

suewhipple@city2shore.com

+1(616) 826-9737

218 S Main Street Lake City, MI 49651

Sue Whipple

Key Details

Location

Rooms

Interior

Exterior

Building

Others

218 S Main Street