$499,311
For Sale

1263 S Lakeshore Drive

Lake City, MI 49651
5820 sqft | 3 beds | 3.5 baths | #78080016884
Browse 36 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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.

  • Interior Details
      • CoolingCeiling Fan(s), Central Air
      • HeatingBaseboard, Forced Air
    • Beds & Baths
      • Total Baths2.30
      • Bathrooms3.5
      • Bedrooms3
      • Full Baths2
      • Half Baths3
  • Property Details
      • Lot FeaturesCorner Lot, Water View
      • Exterior FeaturesFenced
    • Measurements
      • Square Feet5820
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1975
  • Community and Neighborhood Details
      • School DistrictLake City
      • CountyMissaukee
      • RegionLake City
  • Financial Details
      • Original List Price$589,900
  • Other
      • MLS #78080016884

Location

Alexis ThompsonReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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