1105 S McGee Road Lake City, MI ^$ 224,900

1105 S McGee Road

^$ 224,900

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Recently Listed

1105 S McGee Road

Lake City, MI, 49651

^$ 224,900

Studio Baths0.0

Monthly Estimate*

^$ 1,495

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Studio

Lots and Land for sale in Lake City, MI

for $224,900. The lot size is 3.79.

Prime Commercial Investment Opportunity: Discover this unique property located just outside of Lake City, an exceptional business opportunity with these four 64 x 42 buildings with electric, situated on 3.8 acres. For years, these buildings have served as reliable rental properties, yielding consistent income. Currently the four buildings are split into 8 units total for rent and seven of them are rented, the current tenants are month to month. These buildings offer ample space for variety of uses, ideal for boat, plane, trailer storage, workshops or your own commercial venture. They have half dirt and half cement accommodating diverse needs. Located in a commercial zone, this property offers endless potential for business development, expansion or continued rental income.

Lots and Land Active

Price

^$ 224,900

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 2,676

Style

Vacant Land

Lot Size

3.79

Town/City

Lake City

County/Region

Missaukee

MLS | Web ID

80045994

Features

General

Possession Negotiable (Possession)

Water None

Status Active Active

Subdivision None

County Missaukee

Class VACANT LAND

Type Vacant Land

Percent Ownership Private

Municipality Reeder Twp

Section 9

Zoning Commercial

Utilities Cable Available Electricity Available Phone Available Water Available Internet DSL Available Satellite Services

Area Reeder Twp (57012)

Directions From Lake City. Head south on Main St for 0.8 miles. Turn left onto 1st St. For 1.7 miles continue onto W. Beeler Rd. Turn right onto S. McGee Rd. In 135ft the destination will be on your left.

City Lake City

School District Lake City Area School District

Street Name McGee

Financial Terms Cash Conventional FHA VA Rural Development

Legal Description SEC 9 T22N R7W (1*2021) BLOCK 2 HOMEACRES SKYRANCH EXC N 600 FT THOF. SPLIT/COMBINED ON 09/13/2021 FROM 012-302-001-00;

DOM 12

Price Per Sq Ft Total 59340.37

Coming Soon Prime Commercial Investment Opportunity: Discover this unique property located just outside of Lake City an exceptional business opportunity with these four 64 x 42 buildings with electric

Exterior

Lot Size Area 3.79

Lot Dimensions 661 x 250

Lot Description Cleared

Water Features None

Waterfront Y/N No

* Excluded Features

List By

Tamara McLeod Helsel

Listing Agent

City2shore Real Estate Northern Michigan

Broker

tamara@city2shore.com

Affordability Calculator

$1,718

Per Month

Monthly Principal & Interest: $1,495
Monthly Property Taxes: $223
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Lake City, MI

Average List Price ^$75,229

Percent of Sale Price 67%

About Lake City, MI

7,595 Population

3% Since 2002

^$40,822 Median Income

44.77 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3731176 Elementary School

3731178 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/17/2024	$224,900		Listed Price

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1105 S McGee Road, Lake City, MI, 49651 is a Lots and Land for sale at $224,900 with a lot size of 3.79. 1105 S McGee Road is a studio with 0.0 baths. The property's zip code is 49651 which is in Lake City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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1105 S McGee Road

Lots and Land for sale in Lake City, MI

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