406 N Main Street
Lake City, MI 49651
MLS #1834056

Commercial
  • 5,000sq ft
$414,900
Est. P&I payment: $1584.64/mo
406 N Main Street, Lake City, MI 49651
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Description for 406 N Main Street, Lake City, MI 49651
Dynamic investment opportunity! Majestic "Maple Lane Cottages" has been in operation since 1970 in our 4-Season renowned Lake City, and it is situated amidst beautiful mature maple trees (hence the name) on it's own 1.93 acre estate. Well maintained buildings consist of (6) 2 bedroom cottages, (3) 1 bedroom cottages, and a 3 bedroom 2 bath residential ranch (knotty pine), fireplace, living-dining rooms, kitchen, utility room, basement, 1 car garage plus business office space. Location. Location. Location... just 2 1/2 blocks from Lake City's downtown beach/park/dining/shopping. You've probably have heard of our annual "Greatest Fourth in the North" and "Festival of the Pines" celebrations - come join us! So much to offer cottage residents from this location...sidetrips to Houghton Lake, Gaylord, Cadillac, Manistee and Traverse City and all they have to offer.
MLS #1834056
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My Notes for MLS #1834056

General Features

  • Property Type: Hospitality
  • Total Finished SqFt: 5,000
  • Number of Acres: 1.93
  • Lot Dimensions: 223X318
  • Approx Year Built: 1970
  • Zoning: Not Zoned

Exterior Features

  • Vacant Land: No
  • Roof: Asphalt
  • Exterior Features: Wood
  • Parking: Assigned

Utilities Features

  • Heating/Cooling Source: Natural Gas
  • Heating/Cooling Type: Forced Air,​Wall
  • Water: Municipal Water
  • Sewer: Municipal
  • Energy Efficient: Not Applicable

Financial Features

  • Sale/Rent: For Sale
  • Price Per SQFT: 82.98
  • Sale or Lease: For Sale
  • Type of Ownership: Private Owner
  • Variable Rate: No
  • Total Taxes: 5,800
  • Terms: Conventional Mortgage,​Commercial Loan,​Cash
  • Included in Lease: None

Community Features

  • Development Name: N/A

Misc Features

  • Deeded Waterfront: No
  • Business Name: Maple Lane Cottages
  • ECO Features: No
  • Business Included: Yes
  • Real Estate Included: Yes
  • Inventory Included: Yes
  • Present Use: Recreational/Resort
  • Foundation: Full,​Crawl Space,​Block,​Slab
  • Possession: Within 30 Days
  • Construction: Other,​Frame

Location

 
Street View Not Available
Directions to 406 N Main Street, Lake City, MI 49651
Take M66 North. Located 1/2 block South of M66 & M55 Intersection.
Listing information for 406 N Main Street, Lake City, MI 49651 was graciously provided by our friends at the listing brokerage, City2Shore Real Estate Northern Michigan 41 A N. Morey Road, Lake City, MI 49651

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P&I Payment $1584.64
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Northern Shores Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Northern Shores Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
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Last Updated 04/26/2018 at 12:43am
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