115 W John St - R&D FOR SALE


Lake City, MI 49651
$750,000 USD
231-920-3264

NO PHOTO

$750,000 USD
R&D - FOR SALE
null | Request Cap Rate

115 W John St
Lake City, MI 49651


HIGHLIGHTS

  • Enjoy 80 feet of frontage on Missaukee Lake.
  • Ideal for a boutique hotel or mixed-use project.
  • Close to Traverse City and Cadillac with all public utilities available.

OVERVIEW

M66 into Lake City (aka Main Street) to John Street west to just before the lake Prime Boutique Hotel Development Opportunity ‹“ 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 negotiable. let's discuss the possibilities!

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.3

LAND SF

100,188

ZONING

C1

APN/PARCEL ID

051-102-001-00

ASK ABOUT THIS PROPERTY

Daniella BellColdwell Banker Schmidt CadillacMore Info
231-920-3264

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Daniella BellColdwell Banker Schmidt CadillacMore Info
231-920-3264

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.