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$750,000
Est. payment /mo
5,504 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,504 sqft
Price per Sqft $136
MLS Listing ID 78080055019
Year Built 1950
Lot Size 2 Sqft
Property Description
Prime Boutique Hotel Development Opportunity â€" 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 community’s 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 negotiableâ€"let’s discuss the possibilities!
Location
State MI
County Missaukee
Area Area57081Laketwp
Interior
Heating HeatPump, NaturalGas
Cooling HeatPump
Exterior
Parking Features Other
Utilities Available NaturalGasConnected
Waterfront Description Waterfront
View Y/N No
Roof Type Asphalt, Metal
Building
Sewer PublicSewer
Water Public
Schools
School District Lakecity
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition CorporateRelocation
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©2025 Realcomp II Ltd. Shareholders
Listed by Daniella M Bell of Coldwell Banker Schmidt-Cadillac
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Coldwell Banker Town & Country Real Estate
Broker | License ID: 308761
Broker License ID: 308761
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