Lake City, MI 49651

$450,000
Property Type: Land Lot Size (sq. ft.): 31,363 Status: Active
Current Price: $450,000 List Date: 3/21/2026 Last Modified: 3/21/2026

Overview

Description

**Prime Commercial Real Estate Opportunity - High-Traffic Corner Parcel in NW Michigan** Discover an exceptional development opportunity at the bustling intersection of M-66 and M-55 in Lake City. Located across from McDonald's and a busy gas station, this large, level corner lot boasts premium visibility and accessibility, with frontage on three streets and city services readily available. Near a busy traffic light and on the main town's thoroughfare, the site enjoys consistent exposure to high vehicle traffic, making it ideal for businesses seeking maximum visibility. Access is convenient and reliable with paved, county-maintained roads surrounding the property. The level terrain offers a blank slate for seamless development, perfectly suited for office space, health services, or retail ventures. Positioned in a growing area this property is a rare find for developers and investors looking to capitalize on a strategic location. **Highlights:** (See 'More'...)

Supplements: Location: Corner lot at M-66/M-55 intersection - Frontage: Main, Park & Front Street - Access: Paved, county-maintained roads -Utilities: City services available - Topography: Level, cleared - Potential Uses: Office, health services, retail, commercial Seize this opportunity to bring your vision to life in a highly visible and accessible location.

Listing Details MLS# 26011115

Location Property Info

County
Missaukee
State
MI
Zip Code
49651

General Property Info

Property Sub-Type
Commercial Land
Lot Size Units
Acres
Lot Size Square Feet
31363
Lot Acres
0.72
Lot Dimensions
158x147x158x160
Road Frontage
158
Waterfront
No
School District
Lake City

Tax Info

Taxable Value
83139
SEV
105700
For Tax Year
2025
Tax Year
2024
Zoning
Commercial
Seller's Annual Property Tax
4381
Homestead %
0
Spec Assessment & Type
N/A

Remarks Misc

Directions
North of Downtown Lake City at the traffic light, corner of M66 & M55Frontage on Main St, Park St and Front St.

Location & Property Info

Cross Streets
Park St and Front St
Municipality
Lake City
Ownership Type
Broker/Agent Owned

More Information

Office/Contract Info

Auction or For Sale
For Sale
List Price/Acre
625000
Listing Agreement
Exclusive Right To Sell

Remarks & Misc

Public Remarks
**Prime Commercial Real Estate Opportunity - High-Traffic Corner Parcel in NW Michigan** Discover an exceptional development opportunity at the bustling intersection of M-66 and M-55 in Lake City. Located across from McDonald's and a busy gas station, this large, level corner lot boasts premium visibility and accessibility, with frontage on three streets and city services readily available. Near a busy traffic light and on the main town's thoroughfare, the site enjoys consistent exposure to high vehicle traffic, making it ideal for businesses seeking maximum visibility. Access is convenient and reliable with paved, county-maintained roads surrounding the property. The level terrain offers a blank slate for seamless development, perfectly suited for office space, health services, or retail ventures. Positioned in a growing area this property is a rare find for developers and investors looking to capitalize on a strategic location. **Highlights:** (See 'More'...)
Legal
LOTS 4, 5 & 6 BLK 17 D REEDER'S FOURTH ADD.

Waterfront Options

Water Access Y/N
No

Current Use

Commercial
Yes

Lot Description

Buildable
Yes
Cleared
Yes
Corner Lot
Yes
Level
Yes

Street Type

Paved
Yes
Public
Yes

Util Avail at Street

Cable Available
Yes
Electricity Available
Yes
High Speed Internet
Yes
Natural Gas Available
Yes
Phone Available
Yes

Utilities Attached

None
Yes

Sewer

None
Yes

Water

None
Yes

Terms Available

Cash
Yes
Conventional
Yes
Other
Yes

Mineral Rights

Unknown
Yes

Sale Conditions

None
Yes

Docs at List Office

Other
Yes

Possession

Close Of Escrow
Yes

Property Features

Current Use: Commercial Lot Description: Buildable; Cleared; Corner Lot; Level Street Type: Paved Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available Sewer: None Water: None Terms Available: Cash; Conventional; Other Mineral Rights: Unknown Sale Conditions: None Docs at List Office: Other Possession: Close Of Escrow
Listing Office: Cb Schmidt - Cadillac
Listing Agent: Daniella M Bell
IDX
Source MLS Verified
Last Updated: March - 21 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.