406 N Houghton Street, Lake City, MI

$325,000

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2

Baths

500

Square feet

1.03

Acres

About 406 N Houghton Street

Prime Commercial Investment Opportunity in the Heart of Lake City! Whether you're searching for a highly visible commercial location to establish your own business or looking to continue operating a successful seasonal attraction, this property offers exceptional potential. Positioned just one block from Main Street and only three blocks from beautiful 1,880-acre all-sports Lake Missaukee, this commercially zoned property enjoys outstanding exposure along the busy M-55/M-66 corridor, with an estimated 10,000 to 20,000 vehicles passing daily. Its central location, adjacent to Lake City High School and within walking distance of downtown, the public beach, county park, and campground, makes it an ideal setting for a wide variety of commercial ventures. The property is already improved with ample parking, attractive landscaping, and support buildings, providing a strong foundation for future development or continued business operations. Currently operating as the Lake City Miniature Golf Course, the beautifully designed 18-hole course was built in 2018 and features lush perennial gardens, decorative shrubs, fountains, a winding river, a covered pavilion with picnic tables, and evening lighting that creates an inviting atmosphere for guests of all ages. Investors will appreciate the flexibility this property offers. Continue operating the established miniature golf course, reimagine the site for another commercial enterprise, or develop your own vision in one of Northern Michigan's most popular four-season recreational destinations. Opportunities to acquire a highly visible, commercially zoned property with existing infrastructure in such a prime location are rare. Seller has a recent appraisal on file exceeding the current listing price, presenting an exceptional value for the next owner.

Features of 406 N Houghton Street

MLS® # 1948341
Price $325,000
Bathrooms 2.00
Square Footage 500
Acres 1.03
Year Built 2017
Type Commercial
Sub-Type Income
Status Active

Community Information

Address 406 N Houghton Street
Subdivision None
City Lake City
County Missaukee
State MI
Zip Code 49651

Amenities

Parking Spaces 10
Parking Parking Lot
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Exterior

Lot Description Corner Lot
Roof Asphalt
Construction Frame, Vinyl Siding
Foundation Slab

Additional Information

Days on Market 3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Annually

Listing Details

OfficeCity2Shore Real Estate Northern Michigan

Listing Map

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