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
1167 S Taxiway Hotel Lake City, MI New Price and New Well! They say less is more, but sometimes more is good! If you're home ...	3 beds \| 2 baths \| 1,450 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.5% Airbnb Rental Income: $null Traditional Rental Income: $2314 Airbnb ROI: N/A Traditional ROI: 9.5%
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.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.83% Airbnb Rental Income: $null Traditional Rental Income: $1977 Airbnb ROI: N/A Traditional ROI: 9.83%
9131 W Jennings Rd Lake City, MI Beautifully updated, and well-maintained home offering a great balance of comfort, privacy...	4 beds \| 1 baths \| 1,850 sq.ft.	$334,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.26% Airbnb Rental Income: $null Traditional Rental Income: $1673 Airbnb ROI: N/A Traditional ROI: 3.26%
292 S Carolyn Dr Lake City, MI Lakefront Serenity Meets Contemporary Comfort on Lake Missaukee Imagine waking up each mor...	3 beds \| 2 baths \| 2,320 sq.ft.	$744,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.02% Airbnb Rental Income: $null Traditional Rental Income: $2200 Airbnb ROI: N/A Traditional ROI: 1.02%
6789 W Redman Dr Lake City, MI Nestled in the peaceful curve of Clayton Harbor Bay, this 4-bedroom, 2.5-bath storybook co...	3 beds \| 2 baths \| 1,728 sq.ft.	$664,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.65% Airbnb Rental Income: $null Traditional Rental Income: $2003 Airbnb ROI: N/A Traditional ROI: 0.65%
208 Russell Street Lake City, MI Welcome to this charming 3-bedroom, 1.5-bath home built in 2019, offering modern comfort a...	3 beds \| 2 baths \| 1,183 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.07% Airbnb Rental Income: $null Traditional Rental Income: $1871 Airbnb ROI: N/A Traditional ROI: 8.07%
1900 Pavilion Dr Lake City, MI This charming log cottage has a newly painted exterior and features 3 bedrooms, 1 bath, an...	3 beds \| 1 baths \| 1,004 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $1852 Airbnb ROI: N/A Traditional ROI: 7.35%
2351 S Mcgee Rd Lake City, MI Experience the best of country living and investment potential on this rare 19-acre proper...	3 beds \| 1 baths \| 1,056 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.2% Airbnb Rental Income: $null Traditional Rental Income: $2105 Airbnb ROI: N/A Traditional ROI: 5.2%
180 E Sanborn Road Lake City, MI Completely renovated three-bedroom, three-bath home on nine acres just east of Lake City. ...	3 beds \| 3 baths \| 1,344 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.12% Airbnb Rental Income: $null Traditional Rental Income: $2331 Airbnb ROI: N/A Traditional ROI: 7.12%
4774 S Lachance Road Lake City, MI Welcome to your perfect slice of Northern Michigan living! This charming 3-bedroom, 1-bath...	3 beds \| 1 baths \| 1,107 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.87% Airbnb Rental Income: $null Traditional Rental Income: $1745 Airbnb ROI: N/A Traditional ROI: 6.87%
7039 W White Birch Ave Lake City, MI Welcome to your dream retreat on the lake, where stunning water views can be enjoyed from ...	4 beds \| 2 baths \| 2,232 sq.ft.	$899,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.09% Airbnb Rental Income: $null Traditional Rental Income: $3145 Airbnb ROI: N/A 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.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.04% Airbnb Rental Income: $null Traditional Rental Income: $1977 Airbnb ROI: N/A Traditional ROI: 11.04%
2370 N Morey Rd Lake City, MI Charming Farmhouse on Historic "Plank Hill" â 12.5 Acres with Huge Pole Barn Step back ...	1 beds \| 1 baths \| 720 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.37% Airbnb Rental Income: $null Traditional Rental Income: $1372 Airbnb ROI: N/A Traditional ROI: 4.37%
1667 E Walker Road Lake City, MI 40-Acre Turnkey Hunting Retreat â Lake City, MI Just 10 minutes outside of Lake City, tu...	4 beds \| 1 baths \| 1,708 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $2072 Airbnb ROI: N/A Traditional ROI: 7.35%
2703 E Moorestown Road Lake City, MI Updated Up North Getaway or Full-Time Home! Perfectly located near ORV/snowmobile trails a...	3 beds \| 1 baths \| 1,200 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $1837 Airbnb ROI: N/A Traditional ROI: 7.53%
10242 N 7 Mile Rd Lake City, MI Secluded 5-Acre Retreat Backed by State Land â Modern Comfort in the Middle of the Woods...	3 beds \| 2 baths \| 1,200 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.52% Airbnb Rental Income: $null Traditional Rental Income: $2097 Airbnb ROI: N/A Traditional ROI: 8.52%
8838 N Deyoung Rd Lake City, MI Extremely well-preserved 1978 manufactured home, thoughtfully updated and move-in ready. T...	2 beds \| 1 baths \| 980 sq.ft.	$119,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.74% Airbnb Rental Income: $null Traditional Rental Income: $1540 Airbnb ROI: N/A Traditional ROI: 10.74%
1779 S Green Rd Lake City, MI Are you kidding...a cottage on beautiful all-sports Lake Missaukee for under $500,000. 70'...	2 beds \| 1 baths \| 600 sq.ft.	$474,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.02% Airbnb Rental Income: $null Traditional Rental Income: $1498 Airbnb ROI: N/A Traditional ROI: 1.02%
2520 S Blodgett Lake City, MI This Well Maintained 3-bedroom, 1-bath home sits on 2.5 private acres with a big circle dr...	3 beds \| 1 baths \| 938 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.98% Airbnb Rental Income: $null Traditional Rental Income: $1721 Airbnb ROI: N/A Traditional ROI: 6.98%
9321 W Oak Dr Lake City, MI This beautiful waterfront 4-bedroom 2-full bath cottage provides lots of room for the whol...	5 beds \| 2 baths \| 1,550 sq.ft.	$519,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.32% Airbnb Rental Income: $null Traditional Rental Income: $2770 Airbnb ROI: N/A Traditional ROI: 3.32%
885 N 7 Mile Rd Lake City, MI Discover affordable living with BIG potential! This immaculate singlewide home offers just...	2 beds \| 1 baths \| 604 sq.ft.	$99,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.43% Airbnb Rental Income: $null Traditional Rental Income: $1360 Airbnb ROI: N/A Traditional ROI: 11.43%
1700 S McGee Rd #200 Lake City, MI Welcome to this beautifully designed newer construction home located near Lake City, Michi...	4 beds \| 3 baths \| 1,100 sq.ft.	$395,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.45% Airbnb Rental Income: $null Traditional Rental Income: $3017 Airbnb ROI: N/A Traditional ROI: 6.45%
324 N Marion Street Lake City, MI This meticulously maintained 3-bedroom, 2-bath gem has been a cherished up-north getaway f...	3 beds \| 2 baths \| 1,196 sq.ft.	$244,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.79% Airbnb Rental Income: $null Traditional Rental Income: $1996 Airbnb ROI: N/A Traditional ROI: 5.79%
9888 N Wilson Rd Lake City, MI 40 Acres of Up North Retreat Lovingly maintained and deeply cherished for years, this 3-be...	3 beds \| N/A baths \| 1,764 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $2132 Airbnb ROI: N/A Traditional ROI: 5.75%

Real Estate investment in Lake-city, MI

There are 33 properties for sale in the city of Lake City . The median list price in Lake City is $279,450 and the average price per square foot is $157. In February 2026, the average monthly cash on cash return in Lake City is 7.00%. 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 33 investment properties available for sale in Lake-city.

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

The ROI for Short-Term is higher than the Long-Term in Lake-city with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Lake City, MI

1167 S Taxiway Hotel

Lake City, MI

3 beds | 2 baths | 1,450 sq.ft.

$200,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.5%

Airbnb Rental Income: $null

Traditional Rental Income: $2314

Airbnb ROI: N/A

Traditional ROI: 9.5%

1404 S Taxiway Delta

Lake City, MI

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

$159,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.83%

Airbnb Rental Income: $null

Traditional Rental Income: $1977

Airbnb ROI: N/A

Traditional ROI: 9.83%

9131 W Jennings Rd

Lake City, MI

4 beds | 1 baths | 1,850 sq.ft.

$334,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.26%

Airbnb Rental Income: $null

Traditional Rental Income: $1673

Airbnb ROI: N/A

Traditional ROI: 3.26%

292 S Carolyn Dr

Lake City, MI

3 beds | 2 baths | 2,320 sq.ft.

$744,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.02%

Airbnb Rental Income: $null

Traditional Rental Income: $2200

Airbnb ROI: N/A

Traditional ROI: 1.02%

6789 W Redman Dr

Lake City, MI

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

$664,900

Airbnb cash on cash: N/A

Traditional cash on cash: 0.65%

Airbnb Rental Income: $null

Traditional Rental Income: $2003

Airbnb ROI: N/A

Traditional ROI: 0.65%

208 Russell Street

Lake City, MI

3 beds | 2 baths | 1,183 sq.ft.

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.07%

Airbnb Rental Income: $null

Traditional Rental Income: $1871

Airbnb ROI: N/A

Traditional ROI: 8.07%

1900 Pavilion Dr

Lake City, MI

3 beds | 1 baths | 1,004 sq.ft.

$199,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.35%

Airbnb Rental Income: $null

Traditional Rental Income: $1852

Airbnb ROI: N/A

Traditional ROI: 7.35%

2351 S Mcgee Rd

Lake City, MI

3 beds | 1 baths | 1,056 sq.ft.

$300,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.2%

Airbnb Rental Income: $null

Traditional Rental Income: $2105

Airbnb ROI: N/A