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119 N Main Street

Lake City, MI 49651
  • $360,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 1923580
UPDATED: 200 min ago
$360,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,600
    SQFT
  • $138
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

Discover a rare opportunity to own a prestigious restaurant building in the heart of downtown Lake City, strategically located within walking distance to beautiful Lake Missaukee and across from the renowned Tasty Treat! This property offers more than just a building; it promises a coveted slice of Lake City's vibrant culinary and community scene. This property boasts a prime location with views of Lake Missaukee. It benefits from being in a high-traffic area, drawing an estimated 15,000 passers-by daily. Its proximity to Lake Missaukee enhances its allure, making it an attractive destination for locals and tourists alike. The restaurant building includes 27 dedicated parking spots, ensuring convenient access for patrons. No-step entry makes it easily accessible. The interior comfortably seats up to 110 guests, providing a cozy yet spacious dining experience. Most of the restaurant's inventory can be included with the building, facilitating a smooth transition for prospective buyers. The property features a full turn-key kitchen, ideal for those intending to continue its use as a restaurant. Additionally, a sizable basement offers ample storage space, a valuable asset for any business operation. Lake City is renowned for its vibrant community spirit and hosts events such as the Greatest Fourth in the North and draws tourists throughout the year. Whether you envision continuing it as a restaurant or repurposing the space for other commercial ventures, this property presents immense potential. The combination of prime positioning, comprehensive facilities, excellent parking, close proximity to Lake Missaukee and community appeal makes it a standout investment in beautiful Lake City! Don't miss out on the chance to own a piece of this dynamic community and capitalize on its promising future. Please note that the business is not for sale. Just the property/building. Most furnishings, furniture, equipment, inventory, decor to go with the sale of the building. SEE VIDEO

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-07-17T15:52:42.727.
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119 N Main Street Lake City, MI 49651

  • Price: $360,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 200 min ago
  • MLS #: 1923580
0
Beds
2
Baths
0
½ Baths
0.43
Acres
2,600
SQFT
$138
$/SQFT
1950
Built
Neighborhood:
N/A
County:
Missaukee
Area:
Missaukee
Property Description
Discover a rare opportunity to own a prestigious restaurant building in the heart of downtown Lake City, strategically located within walking distance to beautiful Lake Missaukee and across from the renowned Tasty Treat! This property offers more than just a building; it promises a coveted slice of Lake City's vibrant culinary and community scene. This property boasts a prime location with views of Lake Missaukee. It benefits from being in a high-traffic area, drawing an estimated 15,000 passers-by daily. Its proximity to Lake Missaukee enhances its allure, making it an attractive destination for locals and tourists alike. The restaurant building includes 27 dedicated parking spots, ensuring convenient access for patrons. No-step entry makes it easily accessible. The interior comfortably seats up to 110 guests, providing a cozy yet spacious dining experience. Most of the restaurant's inventory can be included with the building, facilitating a smooth transition for prospective buyers. The property features a full turn-key kitchen, ideal for those intending to continue its use as a restaurant. Additionally, a sizable basement offers ample storage space, a valuable asset for any business operation. Lake City is renowned for its vibrant community spirit and hosts events such as the Greatest Fourth in the North and draws tourists throughout the year. Whether you envision continuing it as a restaurant or repurposing the space for other commercial ventures, this property presents immense potential. The combination of prime positioning, comprehensive facilities, excellent parking, close proximity to Lake Missaukee and community appeal makes it a standout investment in beautiful Lake City! Don't miss out on the chance to own a piece of this dynamic community and capitalize on its promising future. Please note that the business is not for sale. Just the property/building. Most furnishings, furniture, equipment, inventory, decor to go with the sale of the building. SEE VIDEO
Exterior Features

Construction Timber Frame Exterior Features Log Siding Foundation Block Lot Dimensions 150X100 Parking PavedParking LotStreet Parking Parking Spaces 27 Road Public MaintainedBlacktop Roof Metal

Interior Features

Heating Cooling Type Forced Air

Property Features

Business Incl No Business Name Lake City's Family Diner Deeded Waterfront No Documents On File Business LicenseOther Eco Features No Energy Efficient Not Applicable Extras Security SystemFurniture/Fixtures Heating Cooling Source Natural Gas Included In Lease None Inventory Incl Yes Licenses Food Listing Agreement Type Exclusive Right to Sell Location Freestanding Possession Within 30 Days Present Use Restaurant/Food Service Renewable Not Applicable Sale Or Lease For Sale Sale Rent For Sale Section Number 6 Sewer Municipal Summer Taxes 1120.30 Taxable Value 106048 Terms Conventional MortgageCommercial LoanCashOwner Assist (L/C) Total Taxes 5538.71 Township Reeder Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free No Steps EntryBathroom SinkKitchen SinkHand Rails Vacant Land No Water Municipal Water Winter Taxes 4418.41 Zoning Commercial

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of City2Shore Real Estate Northern Michigan: 231-839-0077.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-07-17T15:52:42.727.
 
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