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
6945 W Redman Dr Lake City, MI This is the perfect house and landscaped yard to enjoy Lake living for the whole family in...	3 beds \| 2 baths \| 2,520 sq.ft.	$749,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 2.05% Airbnb Rental Income: $1645 Traditional Rental Income: $2486 Airbnb ROI: 0.18% Traditional ROI: 2.05%
840 S Oak Dr Lake City, MI A great find on Crooked Lake. 4 bedroom, 2 bath ranch cottage with 85 feet of sandy beach...	4 beds \| 2 baths \| 1,400 sq.ft.	$519,900	Airbnb cash on cash: 1.24% Traditional cash on cash: 2.46% Airbnb Rental Income: $2107 Traditional Rental Income: $2161 Airbnb ROI: 1.24% Traditional ROI: 2.46%
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: 0.51% Traditional cash on cash: 11.27% Airbnb Rental Income: $752 Traditional Rental Income: $1977 Airbnb ROI: 0.51% Traditional ROI: 11.27%
9909 W Lotan Rd Lake City, MI Beautiful River Frontage! This waterfront rustic cabin sits on 100 feet of the Clam River ...	1 beds \| 2 baths \| 1,144 sq.ft.	$329,900	Airbnb cash on cash: -1.37% Traditional cash on cash: 4.32% Airbnb Rental Income: $345 Traditional Rental Income: $1864 Airbnb ROI: -1.37% Traditional ROI: 4.32%
6008 W Park St Lake City, MI EXCELLENT LOCATION with the lifestyle to match! Located just one block from beautiful Miss...	5 beds \| 2 baths \| 3,493 sq.ft.	$309,900	Airbnb cash on cash: 5.7% Traditional cash on cash: 3.82% Airbnb Rental Income: $2921 Traditional Rental Income: $1698 Airbnb ROI: 5.7% Traditional ROI: 3.82%
3912 W Sanborn Rd Lake City, MI Check this out! 3 bedroom and 3 full baths, large living room and family room, main floor ...	3 beds \| 3 baths \| 2,100 sq.ft.	$339,900	Airbnb cash on cash: 1.82% Traditional cash on cash: 6.95% Airbnb Rental Income: $1645 Traditional Rental Income: $2820 Airbnb ROI: 1.82% Traditional ROI: 6.95%
6770 W Redman Dr Lake City, MI Stunning panoramic views from this corner lot on Lake Missaukee! This 3 bedroom, 1 1/2 bat...	3 beds \| 1 baths \| 1,320 sq.ft.	$710,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 0.44% Airbnb Rental Income: $1645 Traditional Rental Income: $1565 Airbnb ROI: -0.14% Traditional ROI: 0.44%
6789 W Redman Dr Lake City, MI Great VRBO history!! Nestled in the peaceful curve of Clayton Harbor Bay, this 4-bedroom, ...	3 beds \| 2 baths \| 1,728 sq.ft.	$649,900	Airbnb cash on cash: -0.66% Traditional cash on cash: 0.69% Airbnb Rental Income: $1645 Traditional Rental Income: $2003 Airbnb ROI: -0.66% Traditional ROI: 0.69%
259 N Morey Rd Lake City, MI Lake City Living! Welcome home to this 2 bedroom(3rd non-conforming) and 2 bathroom home t...	3 beds \| 2 baths \| 1,178 sq.ft.	$229,900	Airbnb cash on cash: 2.85% Traditional cash on cash: 9.35% Airbnb Rental Income: $1645 Traditional Rental Income: $2596 Airbnb ROI: 2.85% Traditional ROI: 9.35%
5556 W Sanborn Rd Lake City, MI Welcome to your dream home! This brand-new, beautifully constructed 3-bedroom, 2-bath ranc...	3 beds \| 2 baths \| 1,556 sq.ft.	$332,400	Airbnb cash on cash: 1.83% Traditional cash on cash: 5.55% Airbnb Rental Income: $1645 Traditional Rental Income: $2344 Airbnb ROI: 1.83% Traditional ROI: 5.55%
1061 N Anderson St 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: 2.02% Traditional cash on cash: 11.2% Airbnb Rental Income: $752 Traditional Rental Income: $1330 Airbnb ROI: 2.02% Traditional ROI: 11.2%
8415 W Workman Rd Lake City, MI Welcome to your serene escape overlooking the Clam River! Built in 2009, this beautifully ...	3 beds \| 3 baths \| 2,147 sq.ft.	$599,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 4.39% Airbnb Rental Income: $1645 Traditional Rental Income: $3364 Airbnb ROI: 0.49% Traditional ROI: 4.39%
321 N Front St Lake City, MI Just two blocks from beautiful Lake Missaukee and close to downtown, this spacious 4-bedro...	3 beds \| 2 baths \| 3,162 sq.ft.	$449,900	Airbnb cash on cash: 1.2% Traditional cash on cash: 4.99% Airbnb Rental Income: $1645 Traditional Rental Income: $2778 Airbnb ROI: 1.2% Traditional ROI: 4.99%
4774 S Lachance Rd Lake City, MI Escape to the peace and simplicity of Northern Michigan living with this well-maintained 3...	3 beds \| 1 baths \| 1,107 sq.ft.	$170,000	Airbnb cash on cash: 4.3% Traditional cash on cash: 7.77% Airbnb Rental Income: $1645 Traditional Rental Income: $1745 Airbnb ROI: 4.3% Traditional ROI: 7.77%
7039 W White Birch Ave Lake City, MI Lake Missaukee living made effortless! Nestled on Lake City's 1,880-acre, all-sports lake,...	3 beds \| 2 baths \| 2,232 sq.ft.	$899,900	Airbnb cash on cash: -0.26% Traditional cash on cash: 2.09% Airbnb Rental Income: $1645 Traditional Rental Income: $3145 Airbnb ROI: -0.26% Traditional ROI: 2.09%
1404 S Taxiway Delta Lot : 4-6 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: 1.09% Traditional cash on cash: 11.85% Airbnb Rental Income: $752 Traditional Rental Income: $1977 Airbnb ROI: 1.09% Traditional ROI: 11.85%
8303 W Sapphire Lake City, MI 8303 W Sapphire, Lake City, MI 49651 \| Single Family Residential	6 beds \| 3 baths \| 2,800 sq.ft.	$739,900	Airbnb cash on cash: 0.59% Traditional cash on cash: 1.88% Airbnb Rental Income: $2921 Traditional Rental Income: $3138 Airbnb ROI: 0.59% Traditional ROI: 1.88%
6789 W Redman Dr Lot : 42 Lake City, MI 6789 W Redman Dr Lot : 42, Lake City, MI 49651 \| Single Family Residential	4 beds \| 2 baths \| 1,728 sq.ft.	$649,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 1.07% Airbnb Rental Income: $2107 Traditional Rental Income: $2274 Airbnb ROI: -0.1% Traditional ROI: 1.07%
VL Forward Lake City, MI VL Forward, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: -1.9% Traditional cash on cash: 3.37% Airbnb Rental Income: $425 Traditional Rental Income: $800 Airbnb ROI: -1.9% Traditional ROI: 3.37%
222 N Main St Lake City, MI 222 N Main St, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$64,900	Airbnb cash on cash: -1.36% Traditional cash on cash: 8.48% Airbnb Rental Income: $425 Traditional Rental Income: $802 Airbnb ROI: -1.36% Traditional ROI: 8.48%
248 S Carolyn Dr Lake City, MI Pure Michigan at its most refined-set along the crystal-clear shores of Lake Missaukee, th...	5 beds \| 3 baths \| 3,768 sq.ft.	$1,299,999	Airbnb cash on cash: 0.2% Traditional cash on cash: 1.24% Airbnb Rental Income: $2921 Traditional Rental Income: $3496 Airbnb ROI: 0.2% Traditional ROI: 1.24%
602 S King St Lake City, MI Welcome to one of the most unique opportunities in Lake City. This newly built 3-bedroom, ...	3 beds \| 2 baths \| 1,384 sq.ft.	$479,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 2.96% Airbnb Rental Income: $1645 Traditional Rental Income: $2558 Airbnb ROI: -0.1% Traditional ROI: 2.96%
2561 E Johnson Rd 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: 1.92% Traditional cash on cash: 4.69% Airbnb Rental Income: $1645 Traditional Rental Income: $1862 Airbnb ROI: 1.92% Traditional ROI: 4.69%
1876 S Schneider St Lake City, MI 1876 S Schneider St, Lake City, MI 49651 \| Single Family Residential	3 beds \| 3 baths \| 1,560 sq.ft.	$399,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 4.75% Airbnb Rental Income: $1645 Traditional Rental Income: $2826 Airbnb ROI: 0.37% Traditional ROI: 4.75%
980 N Stevens Rd Lake City, MI Charming country setting just outside of Lake City! This 2-bedroom, 1-bath home sits on a ...	2 beds \| 1 baths \| 1,008 sq.ft.	$184,900	Airbnb cash on cash: 0% Traditional cash on cash: 6.88% Airbnb Rental Income: $752 Traditional Rental Income: $1647 Airbnb ROI: 0% Traditional ROI: 6.88%
00 Forward Lake City, MI 00 Forward, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$234,900	Airbnb cash on cash: -2.19% Traditional cash on cash: 1.19% Airbnb Rental Income: $425 Traditional Rental Income: $916 Airbnb ROI: -2.19% Traditional ROI: 1.19%
10403 W Round Lake Rd Lake City, MI Welcome home to this beautifully 2024 built 3-bedroom, 2-bath ranch tucked away on a seren...	3 beds \| 2 baths \| 960 sq.ft.	$215,900	Airbnb cash on cash: 4.09% Traditional cash on cash: 8.67% Airbnb Rental Income: $1645 Traditional Rental Income: $2117 Airbnb ROI: 4.09% Traditional ROI: 8.67%
1504 S Birchaven Bch 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: -0.58% Traditional cash on cash: 1.01% Airbnb Rental Income: $1645 Traditional Rental Income: $2075 Airbnb ROI: -0.58% Traditional ROI: 1.01%
1988 S Schneider St Lake City, MI 1988 S Schneider St, Lake City, MI 49651 \| Single Family Residential	3 beds \| 2 baths \| 952 sq.ft.	$625,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 1.46% Airbnb Rental Income: $1645 Traditional Rental Income: $2420 Airbnb ROI: -0.66% Traditional ROI: 1.46%
4690 E Houghton Lake Rd Lake City, MI Welcome to a truly exceptional country estate where luxury, comfort, and functionality com...	4 beds \| 3 baths \| 3,610 sq.ft.	$414,900	Airbnb cash on cash: 2.24% Traditional cash on cash: 7.7% Airbnb Rental Income: $2107 Traditional Rental Income: $3691 Airbnb ROI: 2.24% Traditional ROI: 7.7%
3351 S Dickerson Rd Lake City, MI 3351 S Dickerson Rd, Lake City, MI 49651 \| Single Family Residential	3 beds \| 3 baths \| 1,530 sq.ft.	$329,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 5.19% Airbnb Rental Income: $1645 Traditional Rental Income: $2484 Airbnb ROI: 0.99% Traditional ROI: 5.19%
6783 W Northshore Dr Lake City, MI 6783 W Northshore Dr, Lake City, MI 49651 \| Single Family Residential	3 beds \| 1 baths \| 1,376 sq.ft.	$365,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 2.66% Airbnb Rental Income: $1645 Traditional Rental Income: $1867 Airbnb ROI: 0.66% Traditional ROI: 2.66%
4011 W Forest Rd Lake City, MI 4011 W Forest Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$206,000	Airbnb cash on cash: -2.14% Traditional cash on cash: 1.68% Airbnb Rental Income: $425 Traditional Rental Income: $912 Airbnb ROI: -2.14% Traditional ROI: 1.68%
Parcel C Seeley Rd Lake City, MI Parcel C Seeley Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$190,000	Airbnb cash on cash: -2.12% Traditional cash on cash: 2.02% Airbnb Rental Income: $425 Traditional Rental Income: $912 Airbnb ROI: -2.12% Traditional ROI: 2.02%
Parcel A Seeley Rd Lake City, MI Parcel A Seeley Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$95,000	Airbnb cash on cash: -1.72% Traditional cash on cash: 6.35% Airbnb Rental Income: $425 Traditional Rental Income: $912 Airbnb ROI: -1.72% Traditional ROI: 6.35%
Parcel B Seeley Rd Lake City, MI Parcel B Seeley Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$100,000	Airbnb cash on cash: -1.75% Traditional cash on cash: 5.93% Airbnb Rental Income: $425 Traditional Rental Income: $912 Airbnb ROI: -1.75% Traditional ROI: 5.93%
9440 W Oak Dr Lake City, MI 9440 W Oak Dr, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$94,900	Airbnb cash on cash: -1.92% Traditional cash on cash: 6.15% Airbnb Rental Income: $425 Traditional Rental Income: $912 Airbnb ROI: -1.92% Traditional ROI: 6.15%
10384 W Rosted Rd Lake City, MI 10384 W Rosted Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: -1.75% Traditional cash on cash: 5.94% Airbnb Rental Income: $425 Traditional Rental Income: $912 Airbnb ROI: -1.75% Traditional ROI: 5.94%
5070 W Sanborn Rd Lake City, MI 115 Acres - Lake City, Michigan! Rare opportunity to own 115 acres just outside of the cha...	3 beds \| 1 baths \| 1,092 sq.ft.	$649,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 1.34% Airbnb Rental Income: $1645 Traditional Rental Income: $1598 Airbnb ROI: 0.65% Traditional ROI: 1.34%
8520 W Sapphire Ave Lake City, MI 8520 W Sapphire Ave, Lake City, MI 49651 \| Single Family Residential	1 beds \| 1 baths \| 424 sq.ft.	$160,000	Airbnb cash on cash: -2.47% Traditional cash on cash: 3.96% Airbnb Rental Income: $345 Traditional Rental Income: $1082 Airbnb ROI: -2.47% Traditional ROI: 3.96%

Real Estate investment in Lake-city, MI

There are 92 properties for sale in the city of Lake City . The median list price in Lake City is $205,877 and the average price per square foot is $111. In September 2026, the average monthly cash on cash return in Lake City is 6.00%. The average monthly rental income in Lake City is $1,977.

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

There are 92 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 $1,977.

Your search for investment property begins and ends here

Investment Property for Sale in Lake City, MI

6945 W Redman Dr

Lake City, MI

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

$749,000

Airbnb cash on cash: 0.18%

Traditional cash on cash: 2.05%

Airbnb Rental Income: $1645

Traditional Rental Income: $2486

Airbnb ROI: 0.18%

Traditional ROI: 2.05%

840 S Oak Dr

Lake City, MI

4 beds | 2 baths | 1,400 sq.ft.

$519,900

Airbnb cash on cash: 1.24%

Traditional cash on cash: 2.46%

Airbnb Rental Income: $2107

Traditional Rental Income: $2161

Airbnb ROI: 1.24%

Traditional ROI: 2.46%

1404 S Taxiway Delta

Lake City, MI

2 beds | 2 baths | 1,216 sq.ft.

$149,500

Airbnb cash on cash: 0.51%

Traditional cash on cash: 11.27%

Airbnb Rental Income: $752

Traditional Rental Income: $1977

Airbnb ROI: 0.51%

Traditional ROI: 11.27%

9909 W Lotan Rd

Lake City, MI

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

$329,900

Airbnb cash on cash: -1.37%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $345

Traditional Rental Income: $1864

Airbnb ROI: -1.37%

Traditional ROI: 4.32%

6008 W Park St

Lake City, MI

5 beds | 2 baths | 3,493 sq.ft.

$309,900

Airbnb cash on cash: 5.7%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $2921

Traditional Rental Income: $1698

Airbnb ROI: 5.7%

Traditional ROI: 3.82%

3912 W Sanborn Rd

Lake City, MI

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

$339,900

Airbnb cash on cash: 1.82%

Traditional cash on cash: 6.95%

Airbnb Rental Income: $1645

Traditional Rental Income: $2820

Airbnb ROI: 1.82%

Traditional ROI: 6.95%

6770 W Redman Dr

Lake City, MI

3 beds | 1 baths | 1,320 sq.ft.

$710,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 0.44%

Airbnb Rental Income: $1645

Traditional Rental Income: $1565

Airbnb ROI: -0.14%

Traditional ROI: 0.44%

6789 W Redman Dr

Lake City, MI

3 beds | 2 baths | 1,728 sq.ft.

$649,900

Airbnb cash on cash: -0.66%

Traditional cash on cash: 0.69%

Airbnb Rental Income: $1645

Traditional Rental Income: $2003

Airbnb ROI: -0.66%