$450,000
MLS# 26011115
1 / 23
Property Description
**Prime Commercial Real Estate Opportunity - High-Traffic Corner Parcel in NW Michigan** Discover an exceptional development opportunity at the bustling intersection of M-66 and M-55 in Lake City. Located across from McDonald's and a busy gas station, this large, level corner lot boasts premium visibility and accessibility, with frontage on three streets and city services readily available. Near a busy traffic light and on the main town's thoroughfare, the site enjoys consistent exposure to high vehicle traffic, making it ideal for businesses seeking maximum visibility. Access is convenient and reliable with paved, county-maintained roads surrounding the property. The level terrain offers a blank slate for seamless development, perfectly suited for office space, health services, or retail ventures. Positioned in a growing area this property is a rare find for developers and investors looking to capitalize on a strategic location. **Highlights:** (See 'More'...)
Details
Location & Property Info
Cross Streets: Park St and Front St
Municipality: Lake City
Ownership Type: Broker/Agent Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/Acre: 625000
Listing Agreement: Exclusive Right To Sell
General Property Info
Property Sub-Type: Commercial Land
Lot Dimensions: 158x147x158x160
Road Frontage: 158
Waterfront: No
School District: Lake City
Lot Measurement: Acres
Lot Square Footage: 31363
Lot Acres: 0.72
Tax Info
Taxable Value: 83139
SEV: 105700
For Tax Year: 2025
Seller's Annual Property Tax: 4381
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: N/A
Zoning: Commercial
Remarks & Misc
Public Remarks: **Prime Commercial Real Estate Opportunity - High-Traffic Corner Parcel in NW Michigan** Discover an exceptional development opportunity at the bustling intersection of M-66 and M-55 in Lake City. Located across from McDonald's and a busy gas station, this large, level corner lot boasts premium visibility and accessibility, with frontage on three streets and city services readily available. Near a busy traffic light and on the main town's thoroughfare, the site enjoys consistent exposure to high vehicle traffic, making it ideal for businesses seeking maximum visibility. Access is convenient and reliable with paved, county-maintained roads surrounding the property. The level terrain offers a blank slate for seamless development, perfectly suited for office space, health services, or retail ventures. Positioned in a growing area this property is a rare find for developers and investors looking to capitalize on a strategic location. **Highlights:** (See 'More'...)
Legal: LOTS 4, 5 & 6 BLK 17 D REEDER'S FOURTH ADD.
Waterfront Options
Water Access Y/N: No
Current Use
Commercial: 1
Lot Description
Buildable: 1
Cleared: 1
Corner Lot: 1
Level: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Utilities Attached
None: 1
Sewer
None: 1
Water
None: 1
Terms Available
Cash: 1
Conventional: 1
Other: 1
Mineral Rights
Unknown: 1
Sale Conditions
None: 1
Docs at List Office
Other: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Missaukee
State: MI
Zip Code: 49651
OfficeContract Info
Status: Active
Current Price: $450,000
List Price: $450,000
Listing Date: 2025-12-21
Remarks Misc
Directions: North of Downtown Lake City at the traffic light, corner of M66 & M55Frontage on Main St, Park St and Front St.
Property Features
Current Use: Commercial
Lot Description: Buildable; Cleared; Corner Lot; Level
Street Type: Paved; Public
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Utilities Attached: None
Sewer: None
Water: None
Terms Available: Cash; Conventional; Other
Mineral Rights: Unknown
Sale Conditions: None
Docs at List Office: Other
Possession: Close Of Escrow
Supplements
Location: Corner lot at M-66/M-55 intersection - Frontage: Main, Park & Front Street - Access: Paved, county-maintained roads -Utilities: City services available - Topography: Level, cleared - Potential Uses: Office, health services, retail, commercial Seize this opportunity to bring your vision to life in a highly visible and accessible location.
Listing Office: Cb Schmidt - Cadillac
Listing Agent: Daniella M Bell
Last Updated: March - 21 - 2026
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