# 218 S Main Street, Lake City, MI 49651

> **TL;DR:** 0bd/4ba commercial, $429,000 ($129/sqft), built 1956, 3,331 sqft.
> Waterfront, Basement. Est. $1,859/mo. Listed 345 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $429,000 |
| Price/sqft | $129 |
| Bathrooms | 4 full |
| Square Feet | 3,331 |
| Year Built | 1956 |
| Lot Size | 3,920 sqft (0.09 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 345 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,859 |
| **Total** | **$1,859** |

## Key Amenities

- Waterfront
- Basement

## Property Highlights

- Built in 1956
- 0.09 acre lot
- 3 parking spaces
- Waterfront

## Description

### Agent Description
Rare Mixed-Use Investment Opportunity on Lake Missaukee’s Pristine Waterfront Positioned on 60 feet of private shoreline along 1,880-acre all-sports Lake Missaukee, this versatile mixed-use commercial property offers the best of both worlds—immediate income potential and long-term lifestyle value. The back of the building features a spacious three-bedroom, three-bath apartment, complete with a primary suite offering a large closet and private bath, two ample size guest bedrooms and guest full bath, a large laundry room with wash sink, and a four-season porch that delivers panoramic lake views all year round with private side entrance and parking.  On the commercial side in the front of the building, 1,535 sq. ft. of office space, the layout includes multiple office spaces; a large main common area with reception area, break room, private office, and back office—ideal for operating a business or leasing to professional tenants. Building is next to Public Miltner Beach, a public sandy beach and a small boat launch, creating even more value for tenants or guests. Located directly on M-66/S. Main Street, this property is just steps from downtown Lake City’s dining, shopping, and seasonal events. It’s also a short drive to Traverse City, Lake Michigan, ski resorts, and ORV trails—making it a magnet for both locals and tourists. Watch the July 4th fireworks right your window or small patio area during Lake City’s “Greatest Fourth in the North”, or enjoy year-round activities like the Polar Plunge, Festival of the Pines, and unbeatable Northern Michigan sunsets. Whether you’re an investor seeking a cash-flowing asset with future upside or a buyer looking for a unique live/work/lakefront combo, this property delivers flexibility, location, and undeniable charm—all in one dynamic package. Sale includes all furnishings in the office space and apartment.

## Location

- **Address:** 218 S Main Street, Lake City, MI 49651
- **County:** Missaukee
- **Coordinates:** 44.331813, -85.214668
- **Google Maps:** https://www.google.com/maps?q=44.331813,-85.214668

## Listing Agent

- **Name:** Tamara McLeod Helsel
- **Brokerage:** City2Shore Real Estate Northern Michigan
- **Phone:** 2319206422
- **Email:** tamara@city2shore.com

## Primary Photo

![218 S Main Street - Primary Photo](http://lh.rdcpix.com/812680c5ee924f11bc83cbed6bf7f1bcl-f2626766670r.jpg)

*46 total photos available on [listing page](https://www.propertysimple.com/listing/218-s-main-street-lake-city-mi-49651-1933129)*

---

**MLS#:** 1933129 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/218-s-main-street-lake-city-mi-49651-1933129)

---

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