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Lake City MI Real Estate & Commercial for Sale

The median home value in Lake City, MI is $335,500. This is lower than the county median home value of $738,229. The national median home value is $308,980. The average price of homes sold in Lake City, MI is $335,500. Approximately 43% of Lake City homes are owned, compared to 16% rented, while 40% are vacant. Lake City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Lake City real estate agent to arrange a tour today!
Learn more about Lake City.


Showing Homes Nearby Lake City, MI
Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
22051048
Type:
Land, Business Opportunities
Lot size:
5 Acres
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
View additional info

5 acre development parcel on Cadillac's busy north end directly on business 131. The parcel is flat and has high visibility, with over 18,000 cars a day traffic count.

Beds:
n/a
Baths:
1.00
Sq.Ft.:
4,800
Status:
NEW LISTING
MLS#:
24023882
Type:
Business Opportunities
Lot size:
0.61 Acres
Year built:
1975
A broker reciprocity listing Courtesy: Annabella Arcari - Arterra Realty Michigan LLC Annabella Arcari
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Amazing commercial opportunity at Cadillac's north end with huge potential & immediate occupancy. This 60x80 steel building has it all! Including a large office area, or show room, a heated workspace, two sizeable service doors of 14x24 and 10x12, 12-18ft ceilings, and a fenced in lot. Conveniently located right off the busy N Mitchell Road, directly across from the Wexford County Airport (CAD), with easy access to shopping, restaurants, and more. What more could you ask for! Schedule a showing today and make this your next business location!

Beds:
n/a
Baths:
15.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
22032293
Type:
Other
Lot size:
9 Acres
Year built:
1980
A broker reciprocity listing Courtesy: Joseph McNally - RE/MAX TOGETHER Joseph McNally
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A singular opportunity to own one of the largest commercial mall spaces in the greater Cadillac area. Nine acres of premium commercial real estate, encompassing one of the most highly trafficked areas in Wexford County. A 14 unit, nearly 50,000 square foot commercial mall is the centerpiece, and with 12 of the 14 units leased out to tenants, this property needs only an anchor store for the 25,000 square foot prior home to JCPenny to be complete package. Call for more information.

Beds:
n/a
Baths:
3.00
Sq.Ft.:
9,300
Status:
Active
MLS#:
23145005
Type:
Business Opportunities
Lot size:
0.12 Acres
Year built:
1880
A broker reciprocity listing Courtesy: Brandon Ball - Dwelling Realty - KW Northern Michigan Brandon Ball
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This fully operating restaurant business is ready for a new owner to step in with the previous owners scaling back into retirement. The building was fully renovated in 2018 during the restaurant buildout. It included mechanicals, second-floor deck addition, sprinkler system, full kitchen building out, full bar buildout, and the professionally designed full interior buildout. This restaurant was built from the studs-in with the experience of the owner's 3 previous restaurant ventures, resulting in perfect kitchen workflow and efficient use of space. Owner is willing to meet with prospects and provide insight to help with the transition. Financials can be provided with a signed confidentiality agreement & showing scheduled. You could not create this opportunity from scratch for this price.

Beds:
n/a
Baths:
1.00
Sq.Ft.:
3,178
Status:
Active
MLS#:
24012599
Type:
Business Opportunities
Lot size:
0.09 Acres
Year built:
1946
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
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Versatile building in Downtown Cadillac. This 3178 square foot building has a wide open floor plan and plenty of window display frontage. The single story structure is built on a slab and has been well maintained. The roof is approximately 10 years old, boiler around 13 years, and two mini-split A/C units were added about 5 years ago. There is street parking in front, and a small city parking lot directly behind. Come bring your ideas, and be a part of the busy growth in Downtown Cadillac!

Beds:
n/a
Baths:
1.00
Sq.Ft.:
1,752
Status:
Active
MLS#:
24012614
Type:
Business Opportunities
Lot size:
0.07 Acres
Year built:
1752
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
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This 1750 sq ft building, in prime Downtown Cadillac, is home to a long standing flower shop business. The building and business are located in the highly walk-able 100 block of downtown. The business is being offered ''turn-key'' with everything needed to continue the 35 year flourishing shop. This is a full service flower business offering fresh cut arrangements, live plants, balloons, and limited gifts. The key features of the property are not only the location on Mitchell St, but the backside of the building is directly in the middle of the commons and park area with views of the lake! There is an added bonus of enough private parking space for 3-4 cars. The building has had recent updates including, new roof coating, new central air, new front facade, and a new compressor for the walk in cooler. Come be a part of all that is going on in Downtown Cadillac! This is not an AI generated description of this property.

Beds:
n/a
Baths:
2.00
Sq.Ft.:
3,057
Status:
Active
MLS#:
24020986
Type:
Business Opportunities
Lot size:
0.07 Acres
Year built:
2021
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
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Turn key business opportunity in the thriving core of Downtown Cadillac. Established in 2021, roasted cafe cocktail and coffee bar has built a following, and is now looking for someone to take this beautifully renovated space to the next level! The prime downtown location has had well over the asking price invested into renovations and equipping the business start up. Included in the sale is all of the equipment, furniture, fixtures, a DDA class C liquor license, and the established name and following they have built. There are 8 years left on the lease, offering security for the new owner. The current owners have decided to focus their energy on other business entities they own. With 50% down, there are possibilities for owner financing. If you have a passion to be creative in the food industry coupled with ownership mentality, be sure to check into this opportunity further! Check out their website at roastedcafe.com or on Facebook at roastedcafecadillac. This is a business only sale, no real estate included.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24014336
Type:
Land, Business Opportunities
A broker reciprocity listing Courtesy: Daniella M Bell - Cb Schmidt - Cadillac Daniella M Bell
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Over 200 acres of vacant land for development purposes just minutes to Cadillac's North End Shopping District and Boon Rd/US-131 ramps! Haring township district - potential for municipal water depending on approved site plan. Excellent PUD opportunity, manufactured housing site condo, solar farm, large warehouse/storage potential. Prime for mixed use! Cleared, level & ready for construction. Back corner has a lower spot that might be a possible water feature (pond)? Not far from M-115/Boon Rd intersection - again, great location for highway access to the West or East down Boon Rd. Close to Wexford County Airport.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24007885
Type:
Land, Business Opportunities
Lot size:
8 Acres
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
View additional info

8 acre parcel of prime development property located on S Business 131 just south of Downtown Cadillac. The location has neighboring properties with the Michigan State Police, MDOT head quarters building, and a medical office park across the street. There are two hotels, a restaurant, retail, and more medical office just to the north. The on/off ramp for US 131 is less than 1/2 mile away. The property is currently zoned residential, but is surrounded by commercial and office/service zoning. Township authorities have indicated zoning change very probable. There is another 12 acres congruent to the north that is available for a total of 20 acres.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24007543
Type:
Land, Business Opportunities
Subdivision:
N/A
Lot size:
12 Acres
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
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12 acre parcel of prime development property located on S Business 131 just south of Downtown Cadillac. The location has neighboring properties with the Michigan State Police, MDOT head quarters building, and a medical office park across the street. There are two hotels, a restaurant, retail, and more medical office just to the north. The on/off ramp for US 131 is less than 1/2 mile away. The property is currently zoned residential, but is surrounded by commercial and office/service zoning. Township authorities have indicated zoning change very probable. Currently on the property there is a an 1860 sq ft home that is livable, but the property is being marketed as commercial development property. There is another 8 acres congruent to the south that is available for a total of 20 acres.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
22016596
Type:
Land, Business Opportunities
Lot size:
1.59 Acres
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
View additional info

High visibility development property. This parcel of land is the last available property before the US 131 on ramp. Adjacent to a medical office complex, these lots offer great exposure for new construction of medical facilities, governmental/office facilities, or even possible hotel development. The lots are fronted on Business 131, but also would have access to Mackinaw Trail to the west. Being offered individually, or a combined package of 8.1 acres with 665 feet of frontage for $600,000.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
22016597
Type:
Land, Business Opportunities
Lot size:
2.96 Acres
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
View additional info

High visibility development property. This parcel of land is the last available property before the US 131 on ramp. Adjacent to a medical office complex, these lots offer great exposure for new construction of medical facilities, governmental/office facilities, or even possible hotel development. The lots are fronted on Business 131, but also would have access to Mackinaw Trail to the west. Being offered individually, or a combined package of 8.1 acres with 665 feet of frontage for $600,000.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
22016595
Type:
Land, Business Opportunities
Lot size:
1.48 Acres
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
View additional info

High visibility development property. This parcel of land is the last available property before the US 131 on ramp. Adjacent to a medical office complex, these lots offer great exposure for new construction of medical facilities, governmental/office facilities, or even possible hotel development. The lots are fronted on Business 131, but also would have access to Mackinaw Trail to the west. Being offered individually, or a combined package of 8.1 acres with 665 feet of frontage for $600,000.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23144385
Type:
Land, Business Opportunities
Lot size:
1.95 Acres
A broker reciprocity listing Courtesy: Peter J Nemish - Cb Schmidt - Cadillac Peter J Nemish
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Commercial land...High visibility...high traffic count! 1.95 ACRES! Near the corner of two of Cadillac's busiest roads! (Old US-131 and Boon Road). 1/2 Mile west of the US-131 expressway on/ off ramp! Next to 'Harbor Freight', across the road from 'Meijers', and near by are Home Depot, WalMart, Hobby Lobby, UPS Store, car dealerships, multiple restaurants, mini-malls, and more! Cadillac's BUSY north end! Truly a PRIME LOCATION for your new business!!!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24018110
Type:
Land, Business Opportunities
Subdivision:
N/A
Lot size:
5.98 Acres
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
View additional info

6 acres of vacant development property on Cadillac's south end. Located on S. Mackinaw trail, between Business 131, US 131, and M-115. The location has neighboring properties of Evergreen Resort, the DNR office, and medical and professional offices. The site is level, cleared, and ready for your new building.

Beds:
n/a
Baths:
3.00
Sq.Ft.:
5,136
Status:
Active
MLS#:
22004462
Type:
Business Opportunities
Lot size:
3 Acres
Year built:
1967
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
View additional info

Turn key restaurant in a prime high traffic location WITH waterfront and spectacular water views! With over 5000 sq ft of interior seating, and then the seasonally popular waterfront deck seating for 60, this is a very lucrative opportunity. The business has seen significant increases in annual revenue over the past few years! Check out the diverse menu at burkeswaterfront.com. The business consist of food, liquor, beer & wine licenses, website, and social media pages. The business also provides extensive catering services. Building and equipment have had recent updates. Family owned for nearly 40 years, looking to retire. Come discover all that is happening in Cadillac, MI and the amazing business opportunity this could be.

Beds:
n/a
Baths:
4.00
Sq.Ft.:
8,436
Status:
Active
MLS#:
23144740
Type:
Office, Business Opportunities
Lot size:
0.18 Acres
Year built:
1962
A broker reciprocity listing Courtesy: Greg Bosscher - Five Star Real Estate Shelby Greg Bosscher
View additional info

Large office building in prime location on M-115 in Cadillac West, just south of the M-55 intersection. The building is over 9000 sq ft, and offers 22 office spaces, a conference room, four bathrooms, and wide reception and workspace areas. There are three floors with over 8400 sq ft of finished space. The furnaces have all been replaced in the last few years, and the lower level is guaranteed dry with a foundation drainage system installed. The east facing offices offer views of Lake Cadillac. The property is zoned TS-2, which offers many uses. Check out the attached zoning document and imagine other uses for this large building, and take advantage of the great location and high daily traffic counts!

Beds:
n/a
Baths:
1.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
23016777
Type:
Office, Business Opportunities
Lot size:
0.24 Acres
Year built:
1940
A broker reciprocity listing Courtesy: Joseph McNally - RE/MAX TOGETHER Joseph McNally
View additional info

Health professionals take notice! This completely remodeled facility is turn-key and ready for a new professional office or business to reap the benefits. Nearly everything on this property is brand new within the last 10 years, with little to no maintenance required at this time. Excellent parking in downtown Tustin, and close access to HWY 131 and Cadillac make this location ideal. A spacious waiting area and attractive reception desk area open to 5+ outpatient offices, multiple bathrooms, storage areas and more adding up to nearly 2000 square feet. A full basement with rear lower access provides room for growth or storage. Call today for more information.

Beds:
n/a
Baths:
1.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
23141461
Type:
Business Opportunities
Lot size:
5.1 Acres
Year built:
1960
A broker reciprocity listing Courtesy: Peter J Nemish - Cb Schmidt - Cadillac Peter J Nemish
View additional info

Very profitable business opportunity...All inclusive!! Well established and respected 'Masonry Business'! Providing commercial and residential services, covering northern and central Michigan. Located in Tustin, MI, just south of Cadillac and less than a mile off of U.S131 on 5 acres M/L ...with a nearly 7000 SqFt building, a private enclosed office space, 2 large overhead doors, an overhead crane, and an EZ Hoist. All inventory, equipment, and fixtures are included. (Equipment list available upon request.) On this list...5 company trucks (all Crew Cabs, from 2014 to 2022), plus a plow truck and a stake truck! And...5 Skytraks, 2 EZ Scaffold Climbers, 4- 24' trailers, and FAR MORE than we can list here!! Bring your ambition, your passion to succeed, and all your questions! Let's talk!

Beds:
n/a
Baths:
1.00
Sq.Ft.:
1,757
Status:
Active
MLS#:
20002512
Type:
Business Opportunities
Lot size:
1 Acres
Year built:
1900
A broker reciprocity listing Courtesy: Joseph McNally - RE/MAX TOGETHER Joseph McNally
View additional info

Take a look at this Incredible opportunity to purchase a turn-key tire shop, currently operating as a thriving business with fantastic financials going back for years. The building has been completely renovated, with a new roof, new siding, electrical, plumbing, bathroom and office facilities, overhead door, and more! Purchase includes the inventory, tools, equipment, and real estate. Equipment includes all post hoists, welders, compressors, tire and balance machines, waste oil furnace, and numerous other valuable implements essential in running this type of business! Excellent ROI, hard to beat this value! Located on a main road halfway between Cadillac and Big Rapids, just a couple miles from Highway 131. Call for more information, or to set up your own personal tour of the property! and numerous other valuable implements essential in running this type of business! Excellent ROI, hard to beat this value! Located on a main road halfway between Cadillac and Big Rapids, just a couple miles from Highway 131. Call for more information, or to set up your own personal tour. Property has ALSO been used a car dealership, and could be used as such again!

Beds:
n/a
Baths:
1.00
Sq.Ft.:
15,000
Status:
Active
MLS#:
23032597
Type:
Business Opportunities
Lot size:
2.13 Acres
Year built:
1900
A broker reciprocity listing Courtesy: Meagan Kempf - RE/MAX Bayshore Manistee Meagan Kempf
View additional info

Welcome to the Mushroom Cap Motel, the heart of Mesick MI. This motel is a bustling hub throughout the year including May during the Annual Mesick Mushroom festival! This historic property presents a main 2-story building with 3 bedrooms, 2 baths, and a charming gas fireplace, ideal for office spaces or boutique lodging. Additional separate buildings feature 20 rooms and 4 individual cabins, perfect for hospitality ventures or rental income. All appliances are included for operational ease. Outside, upper and lower decks offer versatile outdoor areas, while a pavilion provides delightful space for outdoor grilling and entertaining. Don't miss this chance to invest in a property rich in history and commercial potential!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24004547
Type:
Land, Business Opportunities
Lot size:
0.58 Acres
A broker reciprocity listing Courtesy: Daniel R. Michell - Backwoods Realty Company, LLC Daniel R. Michell
View additional info

Opportunity awaits!Develop this Vacant Land into your vibrant business right off the main drag on Business 127!! Multiple spots for driveways with access on 3 sides of the property off 2 different roads and 388 feet of road frontage. This is 2 Lots that total .58 acres to make it happen! Check it out!

Beds:
n/a
Baths:
3.00
Sq.Ft.:
2,500
Status:
Active
MLS#:
23141707
Type:
Business Opportunities
Lot size:
0.8 Acres
Year built:
1973
A broker reciprocity listing Courtesy: Brittany Magnusson - Century 21 Rockgate Brittany Magnusson
View additional info

Established functioning daycare business for sale! This State of Michigan Licensed Daycare Center is approved for 46 children and is located in the city limits of Evart. Center currently has 4 classrooms, ample office space, a kitchenette, as well as a fully functioning kitchen to prepare meals. The center was repainted in May of 2023 as well as 4 mini splits installed through out the building and bathrooms remodeled. Call today for your private showing or for more information. Building and property can be sold separately from business at a negotiated price.

The properties on this web site come in part from the Broker Reciprocity Program of Member MLS's of the Michigan Regional Information Center LLC. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Michigan Regional Information Center, LLC. All rights reserved.

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