1968 S Morey Road Lake City, MI $ 249,900
1968 S Morey Road
$ 249,900
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1968 S Morey Road

Lake City, MI, 49651
$ 249,900
Baths0.0 Sq 10,000

Monthly Estimate*

$ 1,661

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Studio

Commercial Property for sale in Lake City, MI

for $249,900. This 10,000 square foot building was built in 1980 on a lot size of 0.99.

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. 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.

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Commercial Pending

Price

$ 249,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,330

Style

Shopping Center

Lot Size

0.99

Year Built

1980

Town/City

Lake City

County/Region

Missaukee

MLS | Web ID

1908766

Features
General
Roof Membrane
Zoning Commercial
Sewer Municipal
Construction Brick Block Steel
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Interior
Basement Slab
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Exterior
Exterior Features Aluminum Brick
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* Excluded Features
List By
City2shore Real Estate Northern Michigan

Broker

(231) 920-6422

Phone

Affordability Calculator

$1,938
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,661
Monthly Property Taxes
$278
Monthly 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/2/2023$249,900 Listed Price

Map


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1968 S Morey Road, Lake City, MI, 49651 is a Commercial Property for sale at $249,900 with 10,000 sqft and a lot size of 0.99. 1968 S Morey Road is a studio with 0.0 baths and was built in 1980. The property's zip code is 49651 which is in Lake City, MI