Business Opportunity - Lake City, MI
22 UNIT MOTEL/HOTEL IN BEAUTIFUL LAKE CITY, MICHIGAN. HUGE $50,000 PRICE REDUCTION. Open Year Round. This offer also includes an 1371 sq ft. owner's living quarters, a 2-car garage and a 24 x 56 pole building.There is also a 2225 sq ft. pool building that has not been used in many years. Would need to be professionall repaired and inspected to reopen to the public again. Located on busy STATE HIGHWAY M-55/M-66 with a huge traffic count. If you like to be a host, this business would be perfect for you. Hooked up to the municiple water and sewer. Located across the street from the super sandy beach of Lake Missaukee. Only about a 20 minute walk to downtown Lake City where all of the action is at. Lake City is located between Cadillac & Houghton Lake and is only about a 45 minute drive to Traverse City.Owners paid $425,000 when they bought it, but are only asking $299,500.
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