About 115 W John Street
Prime Boutique Hotel Development Opportunity – Missaukee County, MI A rare waterfront development opportunity in the heart of Lake City, Michigan! This city-owned property offers 80 feet of frontage on Missaukee Lake, an 18,800-acre all-sports lake, and directly borders Central Park, which is set to receive a $900,000 state-funded renovation. Additionally, the city has plans for a new marina with both transient and seasonal boat slips, enhancing the area's appeal for visitors and residents alike. The city is actively seeking the right development partner to bring a boutique hotel or mixed-use project to life, creating a destination that complements the community’s vision for growth. With access to all public utilities and a strategic location near Traverse City and Cadillac, this site presents a one-of-a-kind investment opportunity in a rapidly developing market. Price is negotiable—let’s discuss the possibilities!
Features of 115 W John Street
| MLS® # | 1931659 |
|---|---|
| Price | $750,000 |
| Square Footage | 5,504 |
| Acres | 2.30 |
| Year Built | 1950 |
| Type | Commercial |
| Sub-Type | Hospitality |
| Status | Active |
| Lake | Lake Missaukee |
Community Information
| Address | 115 W John Street |
|---|---|
| Subdivision | None |
| City | Lake City |
| County | Missaukee |
| State | MI |
| Zip Code | 49601 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Parking | On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Heat Pump, Natural Gas |
|---|---|
| Has Basement | No |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot, Office Center, Freestanding |
|---|---|
| Roof | Asphalt, Metal/Steel |
| Construction | Steel Siding, Frame, Vinyl Siding, Brick |
| Foundation | Poured Concrete |
Additional Information
| Days on Market | 126 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | Coldwell Banker Schmidt-Cadillac |
|---|