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 |
| Bathrooms | 0.00 |
| Square Footage | 5,504 |
| Acres | 2.30 |
| Year Built | 1950 |
| Type | Commercial |
| Sub-Type | Hospitality, Commercial Sale, Private Water Frontage |
| Status | Active |
| Lake | Lake Missaukee |
| Association | None |
Community Information
| Address | 115 W John Street |
|---|---|
| Subdivision | None |
| City | Lake City |
| County | Missaukee |
| State | Michigan |
| Zip Code | 49601 |
Amenities
| Utilities | WATER: Municipal Water SEWER: Municipal |
|---|---|
| Features | Overhead Door(s) |
| Parking Spaces | 5 |
| Parking | Street Parking |
| Is Waterfront | Yes |
Interior
| Heating | Natural Gas, Heat Pump |
|---|---|
| Has Basement | No |
| Basement | Poured Concrete |
Exterior
| Exterior Features | Vinyl, Brick |
|---|---|
| Lot Description | 250'x400' |
| Roof | Asphalt, Metal/Steel |
| Construction | Steel, Frame |
Additional Information
| Date Listed | February 4th, 2025 |
|---|---|
| Days on Market | 77 |
| Zoning | Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmidt-Cadillac |
|---|