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$ 275,000
Est. payment /mo
Active
1968 S Morey RD Lake City, MI 49651
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $27
Subdivision Cobblestone Plaza
MLS Listing ID 78080060794
Year Built 1980
Property Description
Great business opportunity, great location, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors this 10,000 square feet retail building has long term leases in place with established businesses. This commercial building has two many areas with separate entrances and a large shared parking lot. The larger leased space is approx. 6,000 sq. ft. and then the south side is approx. 4,000 sq. ft. Laura's Needful Things in the bigger area located on the north end and then Gamer's Gambit located at the south entrance, both spaces have restrooms and many smaller office options and ample storage. According to MDOT (Michigan Dept. of Transportation), approx. 10,000 vehicles cruise thru Lake City on a daily basis. The plaza's has two other businesses that flanked this space that bring customers as well for foot traffic. The roof has been updated as well. Seller has currently updated all the lights to LED and it much more efficient. There is a new furnace system in the Gamer's Gambit section, as well. Shared well. The current active year to year leases with Gamer's Gambit LLC through February 2024 and Lake City Needful Items through July 2023, both for $1,500 per month installments, plus they pay their own utilities, water and insurance.
Location
State MI
County Missaukee
Area Area57081Laketwp
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir
Exterior
Parking Features Other
Utilities Available NaturalGasConnected
View Y/N No
Building
Foundation Slab
Sewer PublicSewer
Water SharedWell, Well
Schools
School District Lakecity
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Standard
©2025 Realcomp II Ltd. Shareholders
Listed by Tamara McLeod Helsel of City2Shore Real Estate Northern Michigan
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