991 S Lakeshore Drive

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991 S Lakeshore Drive

Lake City, MI 49651
Asking Price
$300K
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail storefront available for purchase in Lake City
  • Located at 991 S Lakeshore Drive in Michigan
  • Asking price for the commercial asset is 300,000 dollars
  • Property is well suited for various retail business operations
  • Located within a supportive and established local market

What's Special

Lake City, Michigan serves as a focal point for residents and visitors exploring the natural beauty of the region. This retail storefront property at 991 S Lakeshore Drive benefits from its positioning within a market that supports small businesses and local commerce. The asset offers a versatile footprint suitable for a variety of retail concepts, boutiques, or specialized service providers aiming to capture local consumer traffic. Its physical structure and layout cater to operators looking for a traditional storefront environment in a community-oriented submarket. Investors and business owners will find this an functional space for establishing or expanding a brick-and-mortar presence. The property presents a straightforward acquisition for those looking to capitalize on the steady demand for accessible commercial space in the central Michigan area.

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NOI
$80,000
Cap Rate
26.67%
DSCR
4.49
Strong
Cash-on-Cash
69.10%
Monthly Payment
$1,484.236
Annual Cash Flow
$62,189.164

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