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- LoopNet Team
214 S Main St
Lake City, MI 49651
Lake View Motel & Gift Shop · Hospitality Property For Sale
·
6,554 SF
INVESTMENT HIGHLIGHTS
- The only remaining resort on Lake Missaukee
- Excellent condition with no deferred maintenance - Seller Financing Available
- Three revenue streams, motel, gift shop, boat fuel
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 6,554 SF |
| Property Subtype | No. Stories | 2 | |
| Building Class | C | Year Built/Renovated | 1985/2014 |
| Lot Size | 0.50 AC | Corridor | Exterior |
| Zoning | C-1 - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 6,554 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2014 |
| Corridor | Exterior |
| Zoning | C-1 - Commercial |
AMENITIES
- Balcony
- On-Site Retail
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ABOUT 214 S MAIN ST , LAKE CITY, MI 49651
Discover the perfect investment opportunity with the Lake View Motel & Gift Shop, family owned and operated for 40 years and situated on the picturesque shores of Lake Missaukee. The only resort remaining on Lake Missaukee, along with the only gas on the lake with easy access via the fuel dock. This property offers 178.5 feet of prime lakefront, complete with a paved boat ramp and gas pump, making it an ideal spot for water enthusiasts and vacationers alike. The property offers 11 immaculate units, each beautifully maintained and thoughtfully decorated, offering guests a comfortable and stylish stay with breathtaking lake views. The charming giftshop is perfect for showcasing local crafts, souvenirs, and essentials. This well-positioned shop complements the motel, creating additional revenue streams and enhancing guest experience. The owner/manager’s apartment is a two bedroom, two bath comfortable residence, providing convenience and privacy while overseeing the operations. Lake View Motel sits immediately adjacent Miltner Park and Public Beach with 100’s of feet of beautiful sandy beach. Additional recreational amenities offered directly across the street include Veterans Memorial Park, the public library, tennis, pickleball and basketball courts. This is a unique opportunity to own a well-positioned motel that offers both a serene lakeside setting and proximity to community facilities. Enjoy the lifestyle of lakefront living while managing a profitable business with three revenue streams generated by the motel, gift shop and boat fueling station. Perfect for investors, those looking to expand their real estate portfolio or those simply looking for a lifestyle change. SELLER FINANCING AVAILABLE.
PROPERTY TAXES
| Parcel Number | 051-120-006-00 | Improvements Assessment | $368,600 |
| Land Assessment | $9,000 | Total Assessment | $377,600 |
PROPERTY TAXES
