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Photos
1263 S Lakeshore Dr, Lake City, MI 49651
$589,900 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
5
baths
5,820
sqft
Built in
1975
Business is Relocating. Building for sale only. Not business. Where can you find a mixed-use (Commerical/Residential) building for under $100 a sq ft (5820 total sq ft)? This huge income-producing opportunity is the perfect location for a medical building, restaurant, party store, office space, apartments, church, daycare center, five plus AirBNB, etc. Located in the heart of Lake City and across the road from beautiful Lake Missaukee. There is a public beach right across the street. The front of the building has 3/4 large private office spaces (3180 Sq ft).All with their own 1/2 baths. There are 4 bedrooms, 2 baths (2640 sq ft) living quarters in the back. The living quarter features a 1st-floor laundry, a large living room, a huge kitchen, and a family room. There is a fenced-in backyard for kids/pets or additional parking. This property is connected to city water and sewer. Which includes garbage, recycling, and yard waste pickup. The building is currently connected to Spectrum high-speed internet. There is a nice lite sign by the road for advertising your business/businesses. The new roof was put on in the summer of 2021. The parking lot was also resealed/stripped in the summer of 2021. Take advantage of this opportunity. Seller is a licensed Real Estate Broker in the State of Michigan. Shed and Fridge are not included.
Features & Amenities
Interior
- General:
- Bay Window
- Rooms:
- Den/Study/Lib,Entry,Great Room
- Appliances:
- Dishwasher,Range/Oven
- A/C:
- Ceiling Fan(s),Central A/C
- Heating:
- Natural Gas, Baseboard,Forced Air
Exterior
- General:
- Aluminum,Vinyl Siding, Fenced Yard,Patio
Construction
- General:
- 1 Story, Slab
Location
- Originating MLS:
- Aspire North REALTORS
- School District:
- Lake City Area School District
- County:
- Missaukee
Lot
- Zoning:
- SEC 7 T22N R7W BEG AT NW COR LOT 1, S81 DEG 25' E 63.58 FT, S 12 DEG 37' 25" W64.03 FT, S 76 DEG 59'04" E 63.33 FT, S 12DEG 37' 25" W 24.49 FT, S 76 DEG 59'04" E78.16 FT, S 14 DEG 28'30"W 47.78 FT, N 74DEG 30'27"W 199.26 FT, N'LY 125 FTALONG THE ARC, 051-675-002-00
Utilities
- Utilities:
- Cable Available
- Water:
- Public Water
- Sewer:
- Community
Financial
- Source:
- Aspire North REALTORS
This listing courtesy of:
EXIT Realty Land and Lakes, Sara Crawford Martinez
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Lake City, MI
Housing
- Number of Units
- 4,844
- Median Home Value
- $130,010
- Median Rent
- $557
21.97% of housing units are renter occupied.
34.39% are vacant.
Commute
- Car
-
91.68%
- Public Transportation
-
0.07%
- Walk to Work
-
2.36%
- Work from Home
-
5.46%
- Other
-
0.25%
The median travel time to work is 24 minutes.
People
- Population
- 7,525
- Median Age
- 43.70
- Median Household Size
- 2.58
Education
- High School
-
41.21%
- Associate’s Degree
-
11.47%
- Bachelor’s Degree
-
11.25%
- Graduate Degree
-
5.84%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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