Lake City City Hall - Commercial Development Opportunity

115 W John St, Lake City, MI 49651

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Lake City City Hall - Commercial Development Opportunity Lake City City Hall - Commercial Development Opportunity Lake City City Hall - Commercial Development Opportunity Lake City City Hall - Commercial Development Opportunity
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Lake City City Hall - Commercial Development Opportunity

115 W John St, Lake City, MI 49651

Asset Type: Real Estate

Estate: Fee Simple

Land Area: 2.3 Acres

Property Size: 5,504 SF

Property Type: Hospitality

Year Built: 1950

Parking Count: 5

Investment Highlights

  • Ideal for boutique hotel or mixed-use
  • Waterfront on Missaukee Lake
  • City has plans to improve the park and build a marina
  • Substantial public parking adjacent to property
  • Access to all public available utilities, gas, electric and inter net
  • Proximity to Traverse City, Cadillac and Houghton Lake
  • Conveniently placed between US-131 and US-127

Lake City City Hall - Commercial Development Opportunity

The premier boutique hotel development site in Missaukee County, Michigan. The Lake City owned property has 80 ft of waterfront on Missaukee Lake, a 18,800 acre recreational lake and borders Central Park. The City has recently received a $900,000 grant from the State to improve the Park (a detailed plan is included in offering memorandum). The City also has plans to construct a Marina for transient and seasonal boat slips adjacent to the Park. The City is looking for the optimal development partner to transform Lake City!

Sale FAQs

Investment Sales Broker

Daniella Bell

Daniella Bell

Schmidt Realtors

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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