Real Estate Investment Properties for Sale in Lake City, MI

Looking for investment property in Lake City, MI with high ROI ?

Explore a variety of short-term homes & houses in Lake City, MI. Invest wisely with VRBO & Lake City, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Lake City, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
9929 Oak Drive Lake City, MI CROOKED LAKE ACCESS TO POPULAR CROOKED LAKE IN CLARE COUNTY, 3 OFF WATER LOTS WITH 2 BEDRO...	2 beds \| 1 baths \| 912 sq.ft.	$82,000	Airbnb cash on cash: 4.4% Traditional cash on cash: 9.16% Airbnb Rental Income: $1004 Traditional Rental Income: $1031 Airbnb ROI: 4.4% Traditional ROI: 9.16%
6945 W Redman Drive Lake City, MI Enjoy 70 feet of private frontage on beautiful all-sports Lake Missaukee! Impeccably maint...	3 beds \| 2 baths \| 2,520 sq.ft.	$749,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 1.83% Airbnb Rental Income: $1840 Traditional Rental Income: $2486 Airbnb ROI: 0.2% Traditional ROI: 1.83%
9909 W Lotan Road Lake City, MI This stunning, completely updated Clam River retreat in Missaukee County offers the ultima...	1 beds \| 2 baths \| 1,144 sq.ft.	$319,900	Airbnb cash on cash: -1.24% Traditional cash on cash: 4.49% Airbnb Rental Income: $397 Traditional Rental Income: $1864 Airbnb ROI: -1.24% Traditional ROI: 4.49%
6789 W Redman Drive Lake City, MI Great VRBO history!! Nestled in the peaceful curve of Clayton Harbor Bay, this 4-bedroom, ...	4 beds \| 3 baths \| 1,728 sq.ft.	$639,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 0.67% Airbnb Rental Income: $2162 Traditional Rental Income: $2003 Airbnb ROI: 0.01% Traditional ROI: 0.67%
259 N Morey Road Lake City, MI NOT FOR RENT OR LEASE! MOTIVATED SELLER! Bring us your reasonable offers! Lake City Living...	3 beds \| 2 baths \| 2,356 sq.ft.	$215,000	Airbnb cash on cash: 3.91% Traditional cash on cash: 10.05% Airbnb Rental Income: $1840 Traditional Rental Income: $2596 Airbnb ROI: 3.91% Traditional ROI: 10.05%
1061 N Anderson Street Lake City, MI Your Northern Michigan adventure starts here! Nestled on nearly an acre, this inviting 2-b...	2 beds \| 1 baths \| 693 sq.ft.	$99,900	Airbnb cash on cash: 4.18% Traditional cash on cash: 11.2% Airbnb Rental Income: $1004 Traditional Rental Income: $1330 Airbnb ROI: 4.18% Traditional ROI: 11.2%
7039 W White Birch Avenue Lake City, MI Lake Missaukee living made effortless! Nestled on Lake City's 1,880-acre, all-sports lake,...	3 beds \| 3 baths \| 2,232 sq.ft.	$899,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 2.09% Airbnb Rental Income: $1840 Traditional Rental Income: $3145 Airbnb ROI: -0.06% Traditional ROI: 2.09%
1504 S Birchaven Beach Lake City, MI Dreaming of the those warm summer days, how about sitting on a large deck watching an unbe...	3 beds \| 2 baths \| 1,100 sq.ft.	$599,999	Airbnb cash on cash: -0.29% Traditional cash on cash: 1.01% Airbnb Rental Income: $1840 Traditional Rental Income: $2075 Airbnb ROI: -0.29% Traditional ROI: 1.01%
7979 N Turnerville Road Lake City, MI Rustic craftsmanship. Modern convenience. The Up North lifestyle you've been searching for...	2 beds \| 1 baths \| 860 sq.ft.	$224,900	Airbnb cash on cash: 0.09% Traditional cash on cash: 3.41% Airbnb Rental Income: $1004 Traditional Rental Income: $1355 Airbnb ROI: 0.09% Traditional ROI: 3.41%
2183 Wenonah Trail Lake City, MI Set along the peaceful shores of Dyer Lake, this charming three-bedroom, one-bath cottage ...	3 beds \| 1 baths \| 868 sq.ft.	$299,900	Airbnb cash on cash: 1.95% Traditional cash on cash: 3.52% Airbnb Rental Income: $1840 Traditional Rental Income: $1786 Airbnb ROI: 1.95% Traditional ROI: 3.52%
250 Langley Street Lake City, MI Custom designed and built in 2021, this exceptional west-facing waterfront home offers bre...	3 beds \| 3 baths \| 1,728 sq.ft.	$919,900	Airbnb cash on cash: -0.62% Traditional cash on cash: 0.82% Airbnb Rental Income: $1840 Traditional Rental Income: $2574 Airbnb ROI: -0.62% Traditional ROI: 0.82%
8022 W Blue Road Lake City, MI NEW CONSTRUCTION-the rare opportunity you've been waiting for! Skip the stress, delays, an...	3 beds \| 2 baths \| 1,984 sq.ft.	$349,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 5.46% Airbnb Rental Income: $1840 Traditional Rental Income: $2718 Airbnb ROI: 1.28% Traditional ROI: 5.46%
2061 S Green Road Lake City, MI SPACE, LOCATION & MOVE-IN READY! Welcome to 2061 S Green Road, a beautifully updated 3-bed...	3 beds \| 3 baths \| 2,516 sq.ft.	$369,900	Airbnb cash on cash: 2.14% Traditional cash on cash: 6.23% Airbnb Rental Income: $1840 Traditional Rental Income: $2767 Airbnb ROI: 2.14% Traditional ROI: 6.23%
3530 S Vandermeulen Road Lake City, MI Discover the timeless charm and peaceful country lifestyle of this classic 1930s farmhouse...	2 beds \| 1 baths \| 1,248 sq.ft.	$214,900	Airbnb cash on cash: 1.02% Traditional cash on cash: 5.11% Airbnb Rental Income: $1004 Traditional Rental Income: $1481 Airbnb ROI: 1.02% Traditional ROI: 5.11%
8370 W Blue Road Lake City, MI Looking for space, flexibility, and country living? This inviting RIVERFRONT property offe...	3 beds \| 3 baths \| 2,928 sq.ft.	$499,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 4.49% Airbnb Rental Income: $1840 Traditional Rental Income: $3127 Airbnb ROI: 0.67% Traditional ROI: 4.49%
9428 W Jennings Road Lake City, MI Enjoy the privacy and tranquility of country living on this beautiful 10-acre wooded parce...	4 beds \| 2 baths \| 1,612 sq.ft.	$325,000	Airbnb cash on cash: 2.45% Traditional cash on cash: 4.98% Airbnb Rental Income: $2162 Traditional Rental Income: $2386 Airbnb ROI: 2.45% Traditional ROI: 4.98%
5626 W Rhoby Road Lake City, MI 7 private acres just 6 miles from Lake City! This recreational getaway features a permanen...	1 beds \| N/A baths \| 600 sq.ft.	$109,000	Airbnb cash on cash: -1.75% Traditional cash on cash: 7.55% Airbnb Rental Income: $397 Traditional Rental Income: $1124 Airbnb ROI: -1.75% Traditional ROI: 7.55%
2413 W Kelly Road Lake City, MI Welcome to your northern Michigan retreat! Situated on 10 beautifully wooded and rolling a...	2 beds \| 2 baths \| 1,296 sq.ft.	$235,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 3.31% Airbnb Rental Income: $1004 Traditional Rental Income: $1389 Airbnb ROI: -0.02% Traditional ROI: 3.31%
8530 W Sapphire Avenue Lake City, MI Completely Remodeled! Enjoy the relaxed lifestyle and natural beauty of Northern Michigan ...	2 beds \| 1 baths \| 1,065 sq.ft.	$244,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 3.95% Airbnb Rental Income: $1004 Traditional Rental Income: $1407 Airbnb ROI: 0.67% Traditional ROI: 3.95%
1425 S Taxiway Charlie Lake City, MI Whether your perfect day begins with a morning flight or coffee on the back patio, this pr...	3 beds \| 2 baths \| 1,683 sq.ft.	$389,500	Airbnb cash on cash: 1.56% Traditional cash on cash: 4.84% Airbnb Rental Income: $1840 Traditional Rental Income: $2545 Airbnb ROI: 1.56% Traditional ROI: 4.84%
8910 W Jennings Road Lake City, MI Nearly 5 Acres, Beautiful Lake Views & a Stunning Custom Kitchen! Experience the perfe...	3 beds \| 2 baths \| 1,448 sq.ft.	$299,900	Airbnb cash on cash: 1.91% Traditional cash on cash: 4.81% Airbnb Rental Income: $1840 Traditional Rental Income: $2162 Airbnb ROI: 1.91% Traditional ROI: 4.81%
1736 W Gaukel Road Lake City, MI Escape to your own piece of Northern Michigan! Situated on 40 beautiful acres of rolling, ...	2 beds \| 1 baths \| 1,013 sq.ft.	$262,900	Airbnb cash on cash: 0.74% Traditional cash on cash: 5.5% Airbnb Rental Income: $1004 Traditional Rental Income: $1827 Airbnb ROI: 0.74% Traditional ROI: 5.5%
4871 River Woods Road Lake City, MI Rare opportunity to own new construction! Located in River Woods Estates, perfectly locate...	5 beds \| 2 baths \| 2,420 sq.ft.	$449,000	Airbnb cash on cash: 4.12% Traditional cash on cash: 5.57% Airbnb Rental Income: $2927 Traditional Rental Income: $2863 Airbnb ROI: 4.12% Traditional ROI: 5.57%
1588 N Star City Road Lake City, MI "53 Acres.Beautiful, serene, restful, fun. This describes this incredible property that wo...	3 beds \| 3 baths \| 2,400 sq.ft.	$499,900	Airbnb cash on cash: 1.23% Traditional cash on cash: 4.79% Airbnb Rental Income: $1840 Traditional Rental Income: $3007 Airbnb ROI: 1.23% Traditional ROI: 4.79%
4921 River Woods Road Lake City, MI Discover this brand-new construction home in River Wood Estates, Lake City, featuring 3 be...	3 beds \| 2 baths \| 1,984 sq.ft.	$359,500	Airbnb cash on cash: 2.65% Traditional cash on cash: 6.83% Airbnb Rental Income: $1840 Traditional Rental Income: $2755 Airbnb ROI: 2.65% Traditional ROI: 6.83%
1404 S Taxiway Delta Lake City, MI Charming & Spacious 2 Bed / 2 Bath Home with Garage Well maintained and move-in ready, thi...	2 beds \| 2 baths \| 1,216 sq.ft.	$149,500	Airbnb cash on cash: 1.97% Traditional cash on cash: 11.27% Airbnb Rental Income: $1004 Traditional Rental Income: $1977 Airbnb ROI: 1.97% Traditional ROI: 11.27%
2561 E Johnson Road Lake City, MI Escape to your own Pure Michigan retreat with this charming 3-bedroom log home set on 15.7...	3 beds \| 1 baths \| 1,812 sq.ft.	$259,900	Airbnb cash on cash: 2.58% Traditional cash on cash: 4.69% Airbnb Rental Income: $1840 Traditional Rental Income: $1862 Airbnb ROI: 2.58% Traditional ROI: 4.69%
1988 S Schneider Street Lake City, MI Welcome to this well-maintained 3-bedroom, 2-bath home situated on a spacious lot overlook...	3 beds \| 2 baths \| 1,804 sq.ft.	$625,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 3.47% Airbnb Rental Income: $1840 Traditional Rental Income: $2743 Airbnb ROI: 1.07% Traditional ROI: 3.47%
6300 N Nelson Road Lake City, MI Welcome to your own slice of paradise! This immaculate 2-bedroom, 1-bath stick-built home ...	2 beds \| 1 baths \| 1,082 sq.ft.	$185,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 4.81% Airbnb Rental Income: $1004 Traditional Rental Income: $1381 Airbnb ROI: 0.64% Traditional ROI: 4.81%
6090 E Johnson Road Lake City, MI 10 acres and a home in northern Missaukee County, directly across from Michigan's largest ...	3 beds \| 2 baths \| 1,110 sq.ft.	$199,000	Airbnb cash on cash: 4.92% Traditional cash on cash: 6.88% Airbnb Rental Income: $1840 Traditional Rental Income: $1716 Airbnb ROI: 4.92% Traditional ROI: 6.88%

Real Estate investment in Lake-city, MI

There are 38 properties for sale in the city of Lake City . The median list price in Lake City is $213,648 and the average price per square foot is $113. In November 2026, the average monthly cash on cash return in Lake City is 5.00%. The average monthly rental income in Lake City is $2,080.

Lake-city, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 38 investment properties available for sale in Lake-city.

In 2026, the best neighborhood to buy investment property is Lake City.

The ROI for Long-Term is higher than the Short-Term in Lake-city with average rental income of $2,080.

Your search for investment property begins and ends here

Investment Property for Sale in Lake City, MI

9929 Oak Drive

Lake City, MI

2 beds | 1 baths | 912 sq.ft.

$82,000

Airbnb cash on cash: 4.4%

Traditional cash on cash: 9.16%

Airbnb Rental Income: $1004

Traditional Rental Income: $1031

Airbnb ROI: 4.4%

Traditional ROI: 9.16%

6945 W Redman Drive

Lake City, MI

3 beds | 2 baths | 2,520 sq.ft.

$749,000

Airbnb cash on cash: 0.2%

Traditional cash on cash: 1.83%

Airbnb Rental Income: $1840

Traditional Rental Income: $2486

Airbnb ROI: 0.2%

Traditional ROI: 1.83%

9909 W Lotan Road

Lake City, MI

1 beds | 2 baths | 1,144 sq.ft.

$319,900

Airbnb cash on cash: -1.24%

Traditional cash on cash: 4.49%

Airbnb Rental Income: $397

Traditional Rental Income: $1864

Airbnb ROI: -1.24%

Traditional ROI: 4.49%

6789 W Redman Drive

Lake City, MI

4 beds | 3 baths | 1,728 sq.ft.

$639,900

Airbnb cash on cash: 0.01%

Traditional cash on cash: 0.67%

Airbnb Rental Income: $2162

Traditional Rental Income: $2003

Airbnb ROI: 0.01%

Traditional ROI: 0.67%

259 N Morey Road

Lake City, MI

3 beds | 2 baths | 2,356 sq.ft.

$215,000

Airbnb cash on cash: 3.91%

Traditional cash on cash: 10.05%

Airbnb Rental Income: $1840

Traditional Rental Income: $2596

Airbnb ROI: 3.91%

Traditional ROI: 10.05%

1061 N Anderson Street

Lake City, MI

2 beds | 1 baths | 693 sq.ft.

$99,900

Airbnb cash on cash: 4.18%

Traditional cash on cash: 11.2%

Airbnb Rental Income: $1004

Traditional Rental Income: $1330

Airbnb ROI: 4.18%

Traditional ROI: 11.2%

7039 W White Birch Avenue

Lake City, MI

3 beds | 3 baths | 2,232 sq.ft.

$899,900

Airbnb cash on cash: -0.06%

Traditional cash on cash: 2.09%

Airbnb Rental Income: $1840

Traditional Rental Income: $3145

Airbnb ROI: -0.06%

Traditional ROI: 2.09%

1504 S Birchaven Beach

Lake City, MI

3 beds | 2 baths | 1,100 sq.ft.

$599,999

Airbnb cash on cash: -0.29%

Traditional cash on cash: 1.01%

Airbnb Rental Income: $1840

Traditional Rental Income: $2075

Airbnb ROI: -0.29%