1263 S Lakeshore Drive $589,900

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    1263 S Lakeshore Drive Lake City, MI 49651

    • 5,820 sq. ft.
    • 0.37 Acres
    • Commercial
    • MLS# 80016889
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    Views: 2 Days On Site: 10

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    Property Details

    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, 5 plus AirBNB's, 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.

    • General Features
      • Acreage 0.37
      • Area Municipality Reeder Twp (57012)
      • County Missaukee
      • Originating MLS Aspire North REALTORS
      • Ownership Private
      • Subdivision n/a
      • Total SqFt Finished 5820
      • Year Built 1975
      • ZONING Commercial,Residential,Other
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Aluminum, Frame, Vinyl Siding
      • Foundation Type Slab
      • Heating System Baseboard, Forced Air, Hot Water
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Public Water
      • PARKING Parking Lot
      • Lot Size 125x135
      • Sewer Septic Public Sanitary

    Contact

    Jim Miller

    Jim Miller

    Associate

    RE/MAX Select

    Mobile Phone: 810-922-3187

    Neighborhood

    49651 (Lake City) Demographics

    46 Median Age
    34 Population Density (per sq. mile)
    30% College Educated
    $46,623 Estimated Median Income
    2,664 Estimated Total Home Owners
    671 Estimated Total Renters
    80% / 20% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    7,868 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $165,000 Median Sales Price
    13 Homes Sold
    28 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $589,900
        4/25/2024 3:07:00 PM New in Database Source: Multiple Listing Service New Value: $589,900

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.