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About This Home

This 0-bedroom, 4-bathroom commercial at 1968 S Morey Road in Lake City, MI is listed for $275,000 ($28 per sqft). Built in 1980, the home offers 10,000 sqft of living space on a 0.99 acres lot.

Agent Description

Great business opportunity, great location, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors this 10,000 square feet retail building has long term leases in place with established businesses.

This commercial building has two many areas with separate entrances and a large shared parking lot. The larger leased space is approx. 6,000 sq. ft. and then the south side is approx. 4,000 sq. ft. Laura's Needful Things in the bigger area located on the north end and then Gamer's Gambit located at the south entrance, both spaces have restrooms and many smaller office options and ample storage.

According to MDOT (Michigan Dept. of Transportation), approx. 10,000 vehicles cruise thru Lake City on a daily basis. The plaza's has two other businesses that flanked this space that bring customers as well for foot traffic. The roof has been updated as well.

Seller has currently updated all the lights to LED and it much more efficient. There is a new furnace system in the Gamer's Gambit section, as well. Shared well. The current active year to year leases with Gamer's Gambit LLC through February 2024 and Lake City Needful Items through July 2023, both for $1,500 per month installments, plus they pay their own utilities, water and insurance.

Key Features

  • Built in 1980
  • 0.99 acre lot
  • 30 parking spaces

Property Details

4 full
30 spaces
1980

Amenities

Basement

Monthly Cost Estimate

$1,471/mo

20% down · 6.5% · 30 years

Principal$199
Interest$1,192
Insurance$80

Estimates only. Actual payments may vary.

Location

1968 S Morey Road

Lake City, MI 49651

Property Details

Construction

BlockBrick

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 4-bathroom commercial at 1968 S Morey Road is listed at $275,000 ($28/sqft). The estimated monthly payment is $1,192 based on 20% down at 6.5% interest.

Key features include: Built in 1980, 0.99 acre lot, 30 parking spaces.

This property is listed by Tamara McLeod Helsel and can be reached at 2319206422 or tamara@city2shore.com.

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TH

Tamara McLeod Helsel

Agent at City2Shore Real Estate Northern Michigan

(231) 920-6422

Listed by City2Shore Real Estate Northern Michigan · View on Broker Site

MLS# 1937513· Source: listhub· Updated 240 days ago

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.

1968 S Morey Road, Lake City, MI 49651

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