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406 N Houghton Street Lake City, MI 49651
500 SqFt
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 500 sqft
Price per Sqft $650
Subdivision Mi
MLS Listing ID 80071394
Year Built 2017
Annual Tax Amount $3,522
Lot Size 1.030 Acres
Acres 1.03
Lot Dimensions 200 x 225
Property Sub-Type Business
Property Description
Prime Commercial Investment Opportunity in the Heart of Lake City! Whether you're searching for a highly visible commercial location to establish your own business or looking to continue operating a successful seasonal attraction, this property offers exceptional potential. Positioned just one block from Main Street and only three blocks from beautiful 1,880-acre all-sports Lake Missaukee, this commercially zoned property enjoys outstanding exposure along the busy M-55/M-66 corridor, with an estimated 10,000 to 20,000 vehicles passing daily. Its central location, adjacent to Lake City High School and within walking distance of downtown, the public beach, county park, and campground, makes it an ideal setting for a wide variety of commercial ventures. The property is already improved with ample parking, attractive landscaping, and support buildings, providing a strong foundation for future development or continued business operations. Currently operating as the Lake City Miniature Golf Course, the beautifully designed 18-hole course was built in 2018 and features lush perennial gardens, decorative shrubs, fountains, a winding river, a covered pavilion with picnic tables, and evening lighting that creates an inviting atmosphere for guests of all ages. Investors will appreciate the flexibility this property offers. Continue operating the established miniature golf course, reimagine the site for another commercial enterprise, or develop your own vision in one of Northern Michigan's most popular four-season recreational destinations. Opportunities to acquire a highly visible, commercially zoned property with existing infrastructure in such a prime location are rare. Seller has a recent appraisal on file exceeding the current listing price, presenting an exceptional value for the next owner.
Location
State MI
County Missaukee
Area Reeder Twp (57012)
Zoning Commercial
Interior
Heating None
Cooling None
Exterior
Parking Features 6-10 Spaces, 11-20 Spaces, Parking Lot
Roof Type Asphalt
Building
Foundation Slab
Water Public Water
Structure Type Frame,Vinyl Siding
Others
Ownership Private
Financing Cash,Commercial Loan,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by City2Shore Real Estate Northern Michigan