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
327 S Gladwin Street Lake City, MI Nestled in the heart of downtown Lake City, this 2-bedroom, 2-bath home offers comfort and...	2 beds \| 2 baths \| 1,250 sq.ft.	$169,900	Airbnb cash on cash: -0.18% Traditional cash on cash: 7.96% Airbnb Rental Income: $941 Traditional Rental Income: $1914 Airbnb ROI: -0.18% Traditional ROI: 7.96%
5521 N Edwards Road Lake City, MI Looking for the perfect blend of country living and opportunity? This 3-bedroom, 2.5-bath ...	3 beds \| 3 baths \| 2,322 sq.ft.	$255,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 10.42% Airbnb Rental Income: $774 Traditional Rental Income: $2974 Airbnb ROI: -0.04% Traditional ROI: 10.42%
5730 W Rhoby Road Lake City, MI Unique and stunning home with quality workmanship throughout. The stone masonry displayed ...	3 beds \| 1 baths \| 2,218 sq.ft.	$399,900	Airbnb cash on cash: -0.37% Traditional cash on cash: 1.56% Airbnb Rental Income: $774 Traditional Rental Income: $1180 Airbnb ROI: -0.37% Traditional ROI: 1.56%
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.	$180,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 7.83% Airbnb Rental Income: $774 Traditional Rental Income: $1871 Airbnb ROI: -0.43% Traditional ROI: 7.83%
5115 S Dickerson Road Lake City, MI Welcome to your forever home! Perfectly located between Lake City and Cadillac. Nestled a...	3 beds \| 2 baths \| 1,248 sq.ft.	$209,900	Airbnb cash on cash: 0.14% Traditional cash on cash: 9.53% Airbnb Rental Income: $774 Traditional Rental Income: $2326 Airbnb ROI: 0.14% Traditional ROI: 9.53%
10559 Rosted Road Lake City, MI Spacious Manufactured, 3 br 2 bath home. Master bedroom has walk in closet and private ba...	3 beds \| 2 baths \| 1,344 sq.ft.	$229,900	Airbnb cash on cash: -0.63% Traditional cash on cash: 6.06% Airbnb Rental Income: $774 Traditional Rental Income: $1911 Airbnb ROI: -0.63% Traditional ROI: 6.06%
1166 S Taxiway Foxtrot Lake City, MI Custom Built 4 bedroom 3 bath Ranch style home located in Home Acres Sky Ranch No. 4 airpo...	5 beds \| 3 baths \| 3,800 sq.ft.	$649,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.79% Airbnb Rental Income: $null Traditional Rental Income: $3282 Airbnb ROI: N/A Traditional ROI: 3.79%
1900 Pavilion Drive 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: -0.01% Traditional cash on cash: 7.35% Airbnb Rental Income: $774 Traditional Rental Income: $1852 Airbnb ROI: -0.01% Traditional ROI: 7.35%
3417 W Beeler Lake City, MI GREAT OPPORTUNITY! This 7 bedroom home has a great location in the Lake City area for a la...	N/A beds \| N/A baths \| 3,700 sq.ft.	$349,900	Airbnb cash on cash: -1.51% Traditional cash on cash: 2.61% Airbnb Rental Income: $494 Traditional Rental Income: $1575 Airbnb ROI: -1.51% Traditional ROI: 2.61%
8991 W Oak Lane Lake City, MI Escape to your lakeside haven on Sapphire Lake in Lake City! This charming cabin sits on f...	2 beds \| 1 baths \| 1,156 sq.ft.	$139,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 8.57% Airbnb Rental Income: $941 Traditional Rental Income: $1729 Airbnb ROI: 0.12% Traditional ROI: 8.57%
129 N Al Moses Road Lake City, MI Beautiful lake views without the high lakefront taxes awaits your family! This beautifully...	4 beds \| 3 baths \| 3,085 sq.ft.	$529,900	Airbnb cash on cash: 2.05% Traditional cash on cash: 5.56% Airbnb Rental Income: $2470 Traditional Rental Income: $3611 Airbnb ROI: 2.05% Traditional ROI: 5.56%
1264 Birchaven Beach Lake City, MI Come see why life is better at the lake. Your waterfront dream awaits! Welcome Home to...	5 beds \| 2 baths \| 1,800 sq.ft.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.46% Airbnb Rental Income: $null Traditional Rental Income: $3102 Airbnb ROI: N/A Traditional ROI: 2.46%
1470 N Al Moses Road Lake City, MI Nestled on a serene 5-acre wooded lot, this charming 4-bedroom, 3.5-bathroom home offers a...	4 beds \| 4 baths \| 4,300 sq.ft.	$410,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 7.15% Airbnb Rental Income: $2470 Traditional Rental Income: $3537 Airbnb ROI: 2.81% Traditional ROI: 7.15%
7579 W White Birch Lake City, MI ?? Live the Lake Life Year-Round on Missaukee Lake! ?? Built in 1998 as a custom-designed ...	5 beds \| 3 baths \| 2,516 sq.ft.	$889,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.18% Airbnb Rental Income: $null Traditional Rental Income: $3422 Airbnb ROI: N/A Traditional ROI: 2.18%
8415 W Workman Road Lake City, MI Welcome to your serene escape overlooking the Clam River! Built in 2009, this beautifully ...	3 beds \| 4 baths \| 2,147 sq.ft.	$620,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 4.58% Airbnb Rental Income: $774 Traditional Rental Income: $3364 Airbnb ROI: -0.45% Traditional ROI: 4.58%
2351 S McGee Road Lake City, MI Experience the best of country living and investment potential on this rare 19-acre proper...	3 beds \| 2 baths \| 1,056 sq.ft.	$300,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 5.2% Airbnb Rental Income: $774 Traditional Rental Income: $2105 Airbnb ROI: -0.64% Traditional ROI: 5.2%
7389 W White Birch Avenue Lake City, MI Discover the perfect lakeside getaway on gorgeous Lake Missaukee in Lake City! This adorab...	2 beds \| 1 baths \| 768 sq.ft.	$449,900	Airbnb cash on cash: -0.85% Traditional cash on cash: 1.36% Airbnb Rental Income: $941 Traditional Rental Income: $1525 Airbnb ROI: -0.85% Traditional ROI: 1.36%
323 S Houghton St. Street Lake City, MI Beautiful 3-bed, 3-bath home just blocks from Lake Missaukee! Enjoy peaceful mornings on t...	3 beds \| 3 baths \| 3,066 sq.ft.	$339,900	Airbnb cash on cash: -1.59% Traditional cash on cash: 6.92% Airbnb Rental Income: $774 Traditional Rental Income: $3172 Airbnb ROI: -1.59% Traditional ROI: 6.92%
5640 W Houghton Lake Road Lake City, MI To no fault of the seller, this home is back on the market. Welcome to this 1960s quad-lev...	3 beds \| 2 baths \| 1,648 sq.ft.	$200,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 11.16% Airbnb Rental Income: $774 Traditional Rental Income: $2448 Airbnb ROI: 0.67% Traditional ROI: 11.16%
301 N Main Street Lake City, MI Motivated seller. Check out this beautiful home in Lake City sets just a few blocks off be...	4 beds \| 3 baths \| 3,035 sq.ft.	$250,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 10.31% Airbnb Rental Income: $2470 Traditional Rental Income: $3462 Airbnb ROI: 3.56% Traditional ROI: 10.31%
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.	$294,900	Airbnb cash on cash: -0.04% Traditional cash on cash: 6.71% Airbnb Rental Income: $774 Traditional Rental Income: $2331 Airbnb ROI: -0.04% Traditional ROI: 6.71%
7579 W White Birch Avenue Lake City, MI Live the Lake Life Year-Round on Missaukee Lake! Built in 1998 as a custom-designed home,...	5 beds \| 3 baths \| 2,516 sq.ft.	$889,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.28% Airbnb Rental Income: $null Traditional Rental Income: $3503 Airbnb ROI: N/A Traditional ROI: 2.28%
10160 W Kelly Road Lake City, MI If you are looking for privacy, space, and peaceful beauty of nature, this checks all the ...	3 beds \| 2 baths \| 1,784 sq.ft.	$289,900	Airbnb cash on cash: -0.22% Traditional cash on cash: 7.2% Airbnb Rental Income: $774 Traditional Rental Income: $2482 Airbnb ROI: -0.22% Traditional ROI: 7.2%
4419 E Moorestown Road Lake City, MI 2 bedroom, 1 1/5 bath farmhouse with picturesque setting...10 acres, pond and abundant wil...	2 beds \| 3 baths \| 2,000 sq.ft.	$275,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 9.38% Airbnb Rental Income: $941 Traditional Rental Income: $2894 Airbnb ROI: 0.52% Traditional ROI: 9.38%
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: -0.26% Traditional cash on cash: 6.87% Airbnb Rental Income: $774 Traditional Rental Income: $1745 Airbnb ROI: -0.26% Traditional ROI: 6.87%
6469 N Vandermeulen Road Lake City, MI Discover your new up north retreat in beautiful Lake City, offering breathtaking views of ...	1 beds \| 2 baths \| 1,904 sq.ft.	$199,900	Airbnb cash on cash: -1.73% Traditional cash on cash: 11.34% Airbnb Rental Income: $308 Traditional Rental Income: $2547 Airbnb ROI: -1.73% Traditional ROI: 11.34%
5232 S North Country Drive Lake City, MI Charming 3 bed(4th non-conforming), 2 bath home on a spacious .41 acre lot located in the ...	3 beds \| 2 baths \| 1,944 sq.ft.	$349,900	Airbnb cash on cash: -0.66% Traditional cash on cash: 5.71% Airbnb Rental Income: $774 Traditional Rental Income: $2549 Airbnb ROI: -0.66% Traditional ROI: 5.71%
7039 W White Birch Avenue Lake City, MI Welcome to your dream retreat on the lake, where stunning water views can be enjoyed from ...	3 beds \| 3 baths \| 2,232 sq.ft.	$915,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 2.04% Airbnb Rental Income: $774 Traditional Rental Income: $3145 Airbnb ROI: -1.12% Traditional ROI: 2.04%
1552 Hill Street Lake City, MI Luxury Lakefront Escape â 4BR/2BA with 100 Ft of Private Beachfront & Stunning Sunset Vi...	4 beds \| 2 baths \| 1,860 sq.ft.	$699,900	Airbnb cash on cash: 0.66% Traditional cash on cash: 2.33% Airbnb Rental Income: $2470 Traditional Rental Income: $2958 Airbnb ROI: 0.66% Traditional ROI: 2.33%
548 W Houghton Lake Road Lake City, MI Welcome to 548 W Houghton Lake Rd! This charming 2-bedroom, 1-bath home sits on a spaciou...	2 beds \| 1 baths \| 847 sq.ft.	$175,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 6.82% Airbnb Rental Income: $941 Traditional Rental Income: $1498 Airbnb ROI: 1.4% Traditional ROI: 6.82%

Real Estate investment in Lake-city, MI

There are 30 properties for sale in the city of Lake City . The median list price in Lake City is $265,000 and the average price per square foot is $139. In September 2025, the average monthly cash on cash return in Lake City is 7.00%. The average monthly rental income in Lake City is $2,345.

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

There are 30 investment properties available for sale in Lake-city.

In 2025, 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 $774.

Your search for investment property begins and ends here

Investment Property for Sale in Lake City, MI

327 S Gladwin Street

Lake City, MI

2 beds | 2 baths | 1,250 sq.ft.

$169,900

Airbnb cash on cash: -0.18%

Traditional cash on cash: 7.96%

Airbnb Rental Income: $941

Traditional Rental Income: $1914

Airbnb ROI: -0.18%

Traditional ROI: 7.96%

5521 N Edwards Road

Lake City, MI

3 beds | 3 baths | 2,322 sq.ft.

$255,000

Airbnb cash on cash: -0.04%

Traditional cash on cash: 10.42%

Airbnb Rental Income: $774

Traditional Rental Income: $2974

Airbnb ROI: -0.04%

Traditional ROI: 10.42%

5730 W Rhoby Road

Lake City, MI

3 beds | 1 baths | 2,218 sq.ft.

$399,900

Airbnb cash on cash: -0.37%

Traditional cash on cash: 1.56%

Airbnb Rental Income: $774

Traditional Rental Income: $1180

Airbnb ROI: -0.37%

Traditional ROI: 1.56%

208 Russell Street

Lake City, MI

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

$180,000

Airbnb cash on cash: -0.43%

Traditional cash on cash: 7.83%

Airbnb Rental Income: $774

Traditional Rental Income: $1871

Airbnb ROI: -0.43%

Traditional ROI: 7.83%

5115 S Dickerson Road

Lake City, MI

3 beds | 2 baths | 1,248 sq.ft.

$209,900

Airbnb cash on cash: 0.14%

Traditional cash on cash: 9.53%

Airbnb Rental Income: $774

Traditional Rental Income: $2326

Airbnb ROI: 0.14%

Traditional ROI: 9.53%

10559 Rosted Road

Lake City, MI

3 beds | 2 baths | 1,344 sq.ft.

$229,900

Airbnb cash on cash: -0.63%

Traditional cash on cash: 6.06%

Airbnb Rental Income: $774

Traditional Rental Income: $1911

Airbnb ROI: -0.63%

Traditional ROI: 6.06%

1166 S Taxiway Foxtrot

Lake City, MI

5 beds | 3 baths | 3,800 sq.ft.

$649,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.79%

Airbnb Rental Income: $null

Traditional Rental Income: $3282

Airbnb ROI: N/A

Traditional ROI: 3.79%

1900 Pavilion Drive

Lake City, MI

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

$199,900

Airbnb cash on cash: -0.01%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $774

Traditional Rental Income: $1852

Airbnb ROI: -0.01%