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Off market
  • $434,200

    1263 S Lakeshore Dr, Lake City, MI 49651

    3beds
    5,820sqft
    Other
    Built in 1975
    0.37 Acres Lot
    $434,200 Zestimate®
    $75/sqft
    $3,180 Estimated rent

    Home value

    $434,200

    $352,000 - $530,000

    $3,180/mo

    Zestimate® history
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    What's special

    Business is Relocating. Building for sale only. Not business. Where can you find a mixed-use (Commerical/Residential) building for under $86 a sq ft (5820 total sq ft)? This huge income-producing opportunity is the perfect location for a medical building, restaurant, party store, office space, apartments, church, daycare center, five plus AirBNB, etc. Located in the heart of Lake City and across the road from beautiful Lake Missaukee. There is a public beach right across the street. The front of the building has 3/4 large private office spaces (3180 Sq ft).All with their own 1/2 baths. There are 4 bedrooms, 2 baths (2640 sq ft) living quarters in the back. The living quarter features a 1st-floor laundry, a large living room, a huge kitchen, and a family room. There is a fenced-in backyard for kids/pets or additional parking. This property is connected to city water and sewer. Which includes garbage, recycling, and yard waste pickup. The building is currently connected to Spectrum high-speed internet. There is a nice lite sign by the road for advertising your business/businesses. The new roof was put on in the summer of 2021. The parking lot was also resealed/stripped in the summer of 2021. Take advantage of this opportunity. Seller is a licensed Real Estate Broker in the State of Michigan. Shed and Fridge are not included.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Source: EXIT Realty broker feed,MLS#: 1921533

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 1
    • 1/2 bathrooms: 3
    Heating
    • Baseboard, Forced Air
    Cooling
    • Central Air
    Features
    • Basement:
    • Has fireplace: No
    Interior area
    • Total structure area: 5,820
    • Total interior livable area: 5,820 sqft

    Property

    Lot
    • Size: 0.37 Acres
    Details
    • Parcel number: 05167500200

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Other
    Condition
    • Year built: 1975

    Community & HOA

    Location
    • Region: Lake City

    Financial & listing details

    • Price per square foot: $75/sqft
    • Tax assessed value: $524,200
    • Annual tax amount: $3,991
    • Date on market: 8/17/2024
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    10/28/2024Listing removed$499,311$86/sqft
    Source: Exit Realty #1921533 Report a problem
    7/17/2024Price change$499,311-5.7%$86/sqft
    Source: NGLRMLS #1921533 Report a problem
    7/6/2024Price change$529,311-3.7%$91/sqft
    Source: NGLRMLS #1921533 Report a problem
    6/19/2024Price change$549,900-6.8%$94/sqft
    Source: NGLRMLS #1921533 Report a problem
    4/25/2024Listed for sale$589,900+20.4%$101/sqft
    Source: NGLRMLS #1921533 Report a problem
    10/13/2023Listing removed--
    Source: Exit Realty Report a problem
    5/26/2023Price change$489,900-2%$84/sqft
    Source: NGLRMLS #1908834 Report a problem
    3/7/2023Listed for sale$499,900$86/sqft
    Source: NGLRMLS #1908834 Report a problem
    12/1/2022Listing removed$499,900$86/sqft
    Source: NGLRMLS #1898095 Report a problem
    6/6/2022Price change$499,900-3.8%$86/sqft
    Source: NGLRMLS #1898095 Report a problem
    5/9/2022Price change$519,900-1.9%$89/sqft
    Source: NGLRMLS #1898095 Report a problem
    4/11/2022Price change$529,900-3.6%$91/sqft
    Source: NGLRMLS #1898095 Report a problem
    4/1/2022Listed for sale$549,900$94/sqft
    Source: NGLRMLS #1898095 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,991 +4.5%$262,100 +7.5%
    2024$3,820 $243,800 +25.9%
    2023-- $193,600 +36%
    2022-- $142,400 +14.8%
    2020-- $124,000 +2.1%
    2019$3,795 $121,400 +0.2%
    2018$3,795 -31.4%$121,100 +12.8%
    2017$5,536 $107,400 -0.7%
    2016$5,536 $108,200 +37.8%
    2015$5,536 $78,500 -12.8%
    2014$5,536 $90,000
    Find assessor info on the county website

    Neighborhood: 49651

    Nearby schools

    GreatSchools rating
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