Homes for sale - 214 Main Street, Lake City, MI 49651

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Chollie Houghtaling

chollie@realtorsinmichigan.com +1(248) 764-0614

Listed by RUTH CLEMENS • COLDWELL BANKER SCHMIDT REALTORS-HL

$1,100,000

Est. payment - /mo

6,554 SqFt

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Key Details

Property Type Commercial

Sub Type Retail/Commercial

Listing Status Contingency

Purchase Type For Sale

Square Footage 6,554 sqft

Price per Sqft $167

Subdivision Mi

MLS Listing ID 1926562

Year Built 1965

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 179x122x172x148

Property Sub-Type Retail/Commercial

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/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.

Location

State MI

County Missaukee

Zoning Retail,Commercial,Motel/Hotel

Body of Water Lake Missaukee

Rooms

Basement Partial, Crawl Space, Slab, Unfinished

Interior

Heating Forced Air

Cooling Forced Air

Exterior

Exterior Feature Vinyl

Roof Type Asphalt

Present Use Retail Store,Recreational/Resort,Other

Road Frontage Public Maintained, Blacktop

Building

Sewer Municipal

Water Municipal Water

Others

Tax ID 051-1120-006-00 and 051-1

Ownership Corporate Owned

Acceptable Financing Commercial Loan, Cash, Owner Assist (L/C), Purchase Money Mortgage

Listing Terms Commercial Loan, Cash, Owner Assist (L/C), Purchase Money Mortgage

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Chollie Houghtaling

+1(248) 764-0614

Broker | License ID: 431484

Broker License ID: 431484

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214 Main Street Lake City, MI 49651

Chollie Houghtaling

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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214 Main Street