218 S Main St, Lake City, MI

Name: 218 S Main St, Other in Lake City - eXp Realty
Brand: City2Shore Real Estate Northern Michigan
SKU: 78080056463
Price: 429000 USD

House

Other

Listed price in listed location currency (USD).

$429,000

000

MLS® 78080056463

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes $10,072

Days Active 372

Lot Size

Approx. Age 1956

MLS® Number 78080056463

Property Address: 218 S Main St, Lake City, MI, 49651-5100

Average square foot calculated using Size range provided by listing agent.

Description

Rare Mixed-Use Investment Opportunity on Lake MissaukeeÃ¢â‚¬â„¢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 worldsÃ¢â‚¬"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, 1, 535 sq. ft. of office space, the layout includes multiple office spaces; a large main common area with reception area, break room, private office, and back officeÃ¢â‚¬"ideal for operating a business or leasing to professional tenants. Building is next to Public 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 CityÃ¢â‚¬â„¢s dining, shopping, and seasonal events. ItÃ¢â‚¬â„¢s also a short drive to Traverse City, Lake Michigan, ski resorts, and ORV trailsÃ¢â‚¬"making it a magnet for both locals and tourists. Watch the July 4th fireworks right your window or small patio area during Lake CityÃ¢â‚¬â„¢s Ã¢â‚¬Å“Greatest Fourth in the NorthÃ¢â‚¬ , or enjoy year-round activities like the Polar Plunge, Festival of the Pines, and unbeatable Northern Michigan sunsets. Whether youÃ¢â‚¬â„¢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 charmÃ¢â‚¬"all in one dynamic package. Sale includes all furnishings in the office space and apartment.

MLS® Number78080056463

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1956

Basement

DrivewayOther

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Dec 9, 2025List Date

$429,000List Price

-End Date

Not Sold YetSold Price

Other

May 1, 2025List Date

$429,000List Price

Commute

Commute

Starting Address

Destination Address

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