7 months on rocket

1105 S Mcgee Rd, Lake City, MI, 49651

$224,900

3.79 Acres
Land

Location

Image provided by Mapbox

Property Highlights

WaterfrontNone
MLS #1922417
Lot Size3.79 Acres
StatusActive

About 1105 S Mcgee Rd

Prime Commercial Investment Opportunity: Discover this unique property located just outside of Lake City, an exceptional business opportunity with these four 64 x 42 buildings with electric, situated on 3.8 acres. For years, these buildings have served as reliable rental properties, yielding consistent income. Currently the four buildings are split into 8 units total for rent and seven of them are rented, the current tenants are month to month. These buildings offer ample space for variety of uses, ideal for boat, plane, trailer storage, workshops or your own commercial venture. They have half dirt and half cement accommodating diverse needs. Located in a commercial zone, this property offers endless potential for business development, expansion or continued rental income.

Property Details

Property Features

Listing Office:

  • Office Name: City2Shore Real Estate Northern Michigan
  • Office Phone: (231) 839-0077
  • Listing Agent: Tamara McLeod Helsel

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Countryside View, Landscaped, Pole Building

Lot Features

Lot Information:

  • Lot: Level, Cleared
  • Lot Size: 3.79 Acres

Other

Directions Information:

  • Directions: From Lake City. Head south on Main St for 0.8 miles. Turn left onto 1st St. For 1.7 miles continue onto W. Beeler Rd. Turn right onto S. McGee Rd. In 135ft the destination will be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $224,900
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Housing Market Comparison

See how this home compares to others in Lake City, MI.

Med. Sold Price

$234.9K

Med. Price/SqFt

$149

Avg. Days On Market

78

# of Sold Homes

9

1105 S Mcgee Rd vs Lake City

214 DAYS ON ROCKET

+136 Days

$224,900

-$10K Less

KEY TAKEAWAY

This property is $10K less than the Median Sold Price in Lake City, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1922417

Listing Office:

  • Office Name: City2Shore Real Estate Northern Michigan
  • Office Phone: (231) 839-0077
  • Listing Agent: Tamara McLeod Helsel

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4504695
6
/10
  • Lake City Elementary School

  • 5534 W Davis Rd

  • 1.79 miles

  • Public District Grades KG-5

school-card-donut-4504696
7
/10
  • McBain Elementary School

  • 107 E Maple St

  • 8.89 miles

  • Public District Grades PK-5

school-card-donut-4504697
7
/10
  • Franklin Elementary School

  • 505 Lester St

  • 11.66 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,534. The majority of Lake City, MI residents have income between $35k-100k annually. The majority of families are married, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1105 S Mcgee Rd

What is the listing price of this property?

The listing price of 1105 S Mcgee Rd property is $224,900.

What type of property is this?

The property 1105 S Mcgee Rd is land located in Lake City, Michigan, 49651.

Is this property for sale now?

Active Listing: 1105 S Mcgee Rd is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 1105 S Mcgee Rd is 3.79 acres.
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Rocket HomesMichiganMissaukee CountyLake City496511105 S Mcgee Rd

This home is located at 1105 S Mcgee Rd in Lake City, MI and zip code 49651. This home sits on a 3.79 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $224,900.

In November 2024, from all listings sold in Lake City, MI there were more than 4 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price. The number of homes for sale in Lake City, MI decreased by 14.9% between October 2024 and November 2024. In November 2024 median list price was $234,900 and the average listing age was 78 days.

From Rocket Homes Real Estate and based on county public records data.

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