Under contract

Active U/C Taking Backups

119 N Main Street

Lake City MI, 49651

$360,000


$138.46 per sqft

Under contract

Active U/C Taking Backups

2 Baths

2,600 sqft

Commercial

Built in 1950

Discover a rare opportunity to own a prestigious restaurant building in the heart of downtown Lake City, strategically located within walking distance to beautiful Lake Missaukee and across from the renowned Tasty Treat! This property offers more than just a building; it promises a coveted slice of Lake City's vibrant culinary and community scene. This property boasts a prime location with views of Lake Missaukee. It benefits from being in a high-traffic area, drawing an estimated 15,000 passers-by daily. Its proximity to Lake Missaukee enhances its allure, making it an attractive destination for locals and tourists alike. The restaurant building includes 27 dedicated parking spots, ensuring convenient access for patrons. No-step entry makes it easily accessible. The interior comfortably seats up to 110 guests, providing a cozy yet spacious dining experience. Most of the restaurant's inventory can be included with the building, facilitating a smooth transition for prospective buyers. The property features a full turn-key kitchen, ideal for those intending to continue its use as a restaurant. Additionally, a sizable basement offers ample storage space, a valuable asset for any business operation. Lake City is renowned for its vibrant community spirit and hosts events such as the Greatest Fourth in the North and draws tourists throughout the year. Whether you envision continuing it as a restaurant or repurposing the space for other commercial ventures, this property presents immense potential. The combination of prime positioning, comprehensive facilities, excellent parking, close proximity to Lake Missaukee and community appeal makes it a standout investment in beautiful Lake City! Don't miss out on the chance to own a piece of this dynamic community and capitalize on its promising future. Please note that the business is not for sale. Just the property/building. Most furnishings, furniture, equipment, inventory, decor to go with the sale of the building. SEE VIDEO

1923580

MLS ID

June 15, 2024

Listed

December 10, 2024

Updated

Map

119 N Main Street
Lake City MI, 49651

Interior Features

Total Bathrooms

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.43 Acres


Lot Features

Freestanding


Roof

Metal


Sewer

Public Sewer

Other Property Details

Taxes

$5,539


Tax Frequency

Annually


Days on Market

164


Association Fee Frequency

Yearly


Garage

No


Parking

Parking Lot, Paved, On Street


Parking Total

27


View

No


County

Missaukee


Municipality

Reeder


Water Source

Public


Pool

No

Listing History

Date

Event

Price

11/26/2024

Under contract

Listed by with City2Shore Real Estate Northern Michigan
Listing Contact:  

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 12/10/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Northern Great Lakes REALTORS® MLS all rights reserved.

Data last updated on 12/10/2024 at 3:34 PM UTC

 

 

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