214 Main Street, Lake City, MI 49651 – MLS#1926562

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Place Perfect Realty

homes@placeperfect.com +1(920) 956-9061

$ 1,100,000

Est. payment | -/mo

6,554 SqFt

Save

$ 1,100,000

Est. payment | -/mo

Save

6,554 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 6,554 sqft

Price per Sqft $167

MLS Listing ID 1926562

Year Built 1965

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 179x122x172x148

Property Sub-Type Commercial/Industrial

Property Description

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/managerâ€™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 100â€™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.

Location

State MI

County Missaukee

Area Lake Twp (57009)

Zoning Commercial

Interior

Heating Forced Air

Exterior

Parking Features Parking Lot

Roof Type Asphalt

Building

Foundation Basement, Crawl, Slab

Water Public Water

Structure Type Frame,Vinyl Siding

Others

Ownership Corporation

Energy Description Electric,Natural Gas

Financing Cash,Commercial Loan,Purchase Money MTG

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by COLDWELL BANKER SCHMIDT REALTORS-HL

"Professional service to our clients & customers is our #1 priority. With offices in Marinette, Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

214 Main Street Lake City, MI 49651