MI > Missaukee > Lake City > 214 Main Street

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214 Main Street Map / directions

Lake City, MI

49651 Market info

$1,100,000

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  • MLS# 1926562
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800-871-9992

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248-208-3883

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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.

Property Information

Status
Active 
Address
214 Main Street 
City
Lake City 
Zip
49651 
Year Built
1965 
Listing Date
08/26/2024 
List Price
$1,100,000
County
Missaukee 
Above Grade SqFt
6,554 
Waterfrontage
178.0 
Possession
Negotiable 
Parking
Parking Lot,Street Parking 
Price/SqFt
167.84 

Features

Current Use
Retail Store,Recreational/Resort,Other 
Features
Furniture/Fixtures 
Zoning
Commercial, Motel/Hotel, Retail 
Water
Municipal Water 
Sub Property Type
Retail/Commercial 
Licenses
Other 
Exterior Features
Vinyl 
Cooling
Electric, Forced Air, Natural Gas 
Heating
Electric, Forced Air, Natural Gas 

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1926562 Active Aug 29 2024 12:16PM $1,100,000 237
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Coldwell Banker Schmidt Realtors-Hl
Office Address 1244 W HOUGHTON LAKE DRIVE PO BOX 109

214 Main Street Lake City
Contact us
$1,100,000
For Sale • Acres: 0.5 • Zoning: Retail,Commercial,Motel/Hotel