About This Home

This 0-bedroom, 2-bathroom commercial at 406 N Houghton Street in Lake City, MI is listed for $325,000 ($650 per sqft). the home offers 500 sqft of living space on a 1.03 acres lot.

Key Features

  • 1.03 acre lot
  • 10 parking spaces

Property Details

2 full
10 spaces
Listing Description

Prime Commercial Investment Opportunity in the Heart of Lake City! Whether you're searching for a highly visible commercial location to establish your own business or looking to continue operating a successful seasonal attraction, this property offers exceptional potential.

Positioned just one block from Main Street and only three blocks from beautiful 1,880-acre all-sports Lake Missaukee, this commercially zoned property enjoys outstanding exposure along the busy M-55/M-66 corridor, with an estimated 10,000 to 20,000 vehicles passing daily.

Its central location, adjacent to Lake City High School and within walking distance of downtown, the public beach, county park, and campground, makes it an ideal setting for a wide variety of commercial ventures. The property is already improved with ample parking, attractive landscaping, and support buildings, providing a strong foundation for future development or continued business operations.

Currently operating as the Lake City Miniature Golf Course, the beautifully designed 18-hole course was built in 2018 and features lush perennial gardens, decorative shrubs, fountains, a winding river, a covered pavilion with picnic tables, and evening lighting that creates an inviting atmosphere for guests of all ages.

Investors will appreciate the flexibility this property offers. Continue operating the established miniature golf course, reimagine the site for another commercial enterprise, or develop your own vision in one of Northern Michigan's most popular four-season recreational destinations.

Opportunities to acquire a highly visible, commercially zoned property with existing infrastructure in such a prime location are rare. Seller has a recent appraisal on file exceeding the current listing price, presenting an exceptional value for the next owner.

Monthly Cost Estimate

$1,738/mo

20% down · 6.5% · 30 years

Principal$235
Interest$1,408
Insurance$95

Estimates only. Actual payments may vary.

Location

406 N Houghton Street

Lake City, MI 49651

Features & Amenities

Exterior Features

Vinyl

Property Details

Construction

Frame

Parking

Parking Lot

Questions & Answers

This 0-bedroom, 2-bathroom commercial at 406 N Houghton Street is listed at $325,000 ($650/sqft). The estimated monthly payment is $1,738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 1.03 acre lot, 10 parking spaces. Exterior Features: Vinyl.

This property is listed by Tamara McLeod Helsel and can be reached at 2319206422.

TH

Tamara McLeod Helsel

Agent at City2Shore Real Estate Northern Michigan

(231) 920-6422

Listed by City2Shore Real Estate Northern Michigan

MLS# 1948341· Source: listhub· 1 day on market

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

406 N Houghton Street, Lake City, MI 49651

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