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115 W John Street

Lake City, MI 49601
  • $750,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 1931659
UPDATED: 227 min ago
$750,000
  • 0
    BEDS
  • 2.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,504
    SQFT
  • $136
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

Prime Boutique Hotel Development Opportunity " 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 communitys 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 negotiable"lets discuss the possibilities!

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-04-29T23:51:57.433.
www.housestraversecity.com/homes/161745934
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115 W John Street Lake City, MI 49601

  • Price: $750,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 227 min ago
  • MLS #: 1931659
0
Beds
0
Baths
0
½ Baths
2.3
Acres
5,504
SQFT
$136
$/SQFT
1950
Built
Neighborhood:
None
County:
Missaukee
Area:
Missaukee
Property Description
Prime Boutique Hotel Development Opportunity " 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 communitys 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 negotiable"lets discuss the possibilities!
Exterior Features

Body Of Water Lake Missaukee Construction SteelFrame Exterior Features VinylBrick Foundation Poured Concrete Lot Dimensions 250'x400' Parking Street Parking Parking Spaces 5 Road Public MaintainedBlacktop Roof AsphaltMetal/Steel Water Front Footage 80

Interior Features

Heating Cooling Type Heat Pump

Property Features

Business Incl No Business Name Lake City Hall Property Deeded Waterfront Yes Documents On File Legal DescriptionWater Rights Eco Features No Energy Efficient Not Applicable Extras Overhead Door(s) Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Corner LotOffice CenterFreestanding Possession Negotiable Present Use Office BuildingOther Private Shared Private Real Estate Incl Yes Renewable Not Applicable Sale Or Lease For Sale Sale Rent For Sale Section Number 6 Sewer Municipal Terms Conventional MortgageCommercial LoanCash Township Lake Type Hospitality Type Of Ownership Corporate Owned Univs Design Barrier Free No Steps EntryRamped Entrance Vacant Land No Water Municipal Water Water Conservation Not Applicable Zoning Commercial

Listing information © 2025 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt-Cadillac: 231-775-1737.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-04-29T23:51:57.433.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684