$1,100,000
214 Main Street Lake City, MI 49651
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$1,100,000
Est. payment /mo
6,554 SqFt
Active
214 Main Street Lake City, MI 49651
UPDATED:
10/07/2024 04:06 PM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 6,554 sqft
Price per Sqft $167
MLS Listing ID 80050056
Year Built 1965
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 179x122x172x148
Property Description
Discover the perfect investment opportunity with the Lake View Motel & Gift Shop, family owned and operated for 40 years and situated on the picturesque shores of Lake Missaukee. The only resort remaining on Lake Missaukee, along with the only gas on the lake with easy access via the fuel dock. This property offers 178.5 feet of prime lakefront, complete with a paved boat ramp and gas pump, making it an ideal spot for water enthusiasts and vacationers alike. The property offers 11 immaculate units, each beautifully maintained and thoughtfully decorated, offering guests a comfortable and stylish stay with breathtaking lake views. The charming gift shop is perfect for showcasing local crafts, souvenirs, and essentials. This well-positioned shop complements the motel, creating additional revenue streams and enhancing guest experience. The owner/manager’s apartment is a two bedroom, two bath comfortable residence, providing convenience and privacy while overseeing the operations. Lake View Motel sits immediately adjacent Miltner Park and Public Beach with 100’s of feet of beautiful sandy beach. Additional recreational amenities offered directly across the street include Veterans Memorial Park, the public library, tennis, pickleball and basketball courts. This is a unique opportunity to own a well-positioned motel that offers both a serene lakeside setting and proximity to community facilities. Enjoy the lifestyle of lakefront living while managing a profitable business with three revenue streams generated by the motel, gift shop and boat fueling station. Perfect for investors, those looking to expand their real estate portfolio or those simply looking for a lifestyle change. ** The two story motel with seven units was built in 2011; four units attached to the main building were built in 2009; the owners/manager's living area was built in 1987 and the store was updated in appx 2014. All in excellent condition and perfectly maintained.
Location
State MI
County Missaukee
Area Lake Twp (57009)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Garage Parking Lot
Roof Type Asphalt
Building
Foundation Basement, Crawl, Slab
Water Public Water
Structure Type Frame,Vinyl Siding
Others
Ownership Corporation
Energy Description Electric,Natural Gas
Financing Cash,Commercial Loan,Purchase Money MTG
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by COLDWELL BANKER SCHMIDT REALTORS-HL
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