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
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: -0.7% Traditional cash on cash: 10.49% Airbnb Rental Income: $548 Traditional Rental Income: $1977 Airbnb ROI: -0.7% Traditional ROI: 10.49%
327 S Gladwin Street Lake City, MI Located near downtown Lake City, this 2-bedroom, 2-bath home offers comfort and convenienc...	2 beds \| 2 baths \| 1,250 sq.ft.	$169,900	Airbnb cash on cash: -2.2% Traditional cash on cash: 7.96% Airbnb Rental Income: $548 Traditional Rental Income: $1914 Airbnb ROI: -2.2% Traditional ROI: 7.96%
9131 W Jennings Road Lake City, MI Beautifully updated, and well-maintained home offering a great balance of comfort, privacy...	4 beds \| 2 baths \| 1,850 sq.ft.	$334,900	Airbnb cash on cash: -0.66% Traditional cash on cash: 3.26% Airbnb Rental Income: $753 Traditional Rental Income: $1673 Airbnb ROI: -0.66% Traditional ROI: 3.26%
6063 W Park Street Lake City, MI EXCELLENT LOCATION with the lifestyle to match! Located just two homes from beautiful Miss...	3 beds \| 1 baths \| 1,224 sq.ft.	$194,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 7.68% Airbnb Rental Income: $906 Traditional Rental Income: $1884 Airbnb ROI: 0.56% Traditional ROI: 7.68%
6789 W Redman Drive Lake City, MI Nestled in the peaceful curve of Clayton Harbor Bay, this 4-bedroom, 2.5-bath storybook co...	4 beds \| 3 baths \| 1,728 sq.ft.	$664,900	Airbnb cash on cash: -1.87% Traditional cash on cash: 0.65% Airbnb Rental Income: $753 Traditional Rental Income: $2003 Airbnb ROI: -1.87% Traditional ROI: 0.65%
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.	$325,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 1.24% Airbnb Rental Income: $906 Traditional Rental Income: $1195 Airbnb ROI: -0.82% Traditional ROI: 1.24%
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: 0.57% Traditional cash on cash: 7.35% Airbnb Rental Income: $906 Traditional Rental Income: $1852 Airbnb ROI: 0.57% Traditional ROI: 7.35%
301 N Main Street Lake City, MI Motivated seller and this is a steal of a deal. Check out this beautiful home in Lake City...	4 beds \| 3 baths \| 3,035 sq.ft.	$225,000	Airbnb cash on cash: -2.69% Traditional cash on cash: 11.51% Airbnb Rental Income: $753 Traditional Rental Income: $3462 Airbnb ROI: -2.69% Traditional ROI: 11.51%
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: -0.16% Traditional cash on cash: 11.04% Airbnb Rental Income: $548 Traditional Rental Income: $1977 Airbnb ROI: -0.16% Traditional ROI: 11.04%
2370 N Morey Road 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.	$219,900	Airbnb cash on cash: -1.81% Traditional cash on cash: 4.61% Airbnb Rental Income: $270 Traditional Rental Income: $1372 Airbnb ROI: -1.81% Traditional ROI: 4.61%
1667 E Walker Road Lake City, MI 40-Acre Turnkey Hunting Retreat â Lake City, MI Just 10 minutes outside of Lake City, do...	4 beds \| 1 baths \| 1,708 sq.ft.	$229,900	Airbnb cash on cash: -0.16% Traditional cash on cash: 7.35% Airbnb Rental Income: $753 Traditional Rental Income: $2072 Airbnb ROI: -0.16% Traditional ROI: 7.35%
10242 N 7 Mile Road 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: 0.64% Traditional cash on cash: 8.52% Airbnb Rental Income: $906 Traditional Rental Income: $2097 Airbnb ROI: 0.64% Traditional ROI: 8.52%
1779 S Green Road 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.	$449,000	Airbnb cash on cash: -1.79% Traditional cash on cash: 1.14% Airbnb Rental Income: $548 Traditional Rental Income: $1498 Airbnb ROI: -1.79% Traditional ROI: 1.14%
9321 W Oak Drive 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%
8320 W Whispering Pine Circle Lake City, MI Located on a peaceful .54-acre lot conveniently located between Cadillac and Lake City, th...	3 beds \| 2 baths \| 1,822 sq.ft.	$234,900	Airbnb cash on cash: 0.47% Traditional cash on cash: 10.54% Airbnb Rental Income: $906 Traditional Rental Income: $2801 Airbnb ROI: 0.47% Traditional ROI: 10.54%
248 S Carolyn Drive Lake City, MI Pure Michigan at its most refinedâset along the crystal-clear shores of Lake Missaukee, ...	5 beds \| 3 baths \| 3,768 sq.ft.	$1,399,999	Airbnb cash on cash: N/A Traditional cash on cash: 1.08% Airbnb Rental Income: $null Traditional Rental Income: $3496 Airbnb ROI: N/A Traditional ROI: 1.08%
1700 S McGee Road #200 Lake City, MI Welcome to this beautifully designed newer construction home located near Lake City, Michi...	4 beds \| 3 baths \| 2,200 sq.ft.	$395,500	Airbnb cash on cash: -0.51% Traditional cash on cash: 6.45% Airbnb Rental Income: $753 Traditional Rental Income: $3017 Airbnb ROI: -0.51% Traditional ROI: 6.45%

Real Estate investment in Lake-city, MI

There are 17 properties for sale in the city of Lake City . The median list price in Lake City is $279,000 and the average price per square foot is $147. In April 2026, the average monthly cash on cash return in Lake City is 8.00%. The average monthly rental income in Lake City is $1,946.

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

There are 17 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 $1,946.

Your search for investment property begins and ends here

Investment Property for Sale in Lake City, MI

1404 S Taxiway Delta

Lake City, MI

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

$159,900

Airbnb cash on cash: -0.7%

Traditional cash on cash: 10.49%

Airbnb Rental Income: $548

Traditional Rental Income: $1977

Airbnb ROI: -0.7%

Traditional ROI: 10.49%

327 S Gladwin Street

Lake City, MI

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

$169,900

Airbnb cash on cash: -2.2%

Traditional cash on cash: 7.96%

Airbnb Rental Income: $548

Traditional Rental Income: $1914

Airbnb ROI: -2.2%

Traditional ROI: 7.96%

9131 W Jennings Road

Lake City, MI

4 beds | 2 baths | 1,850 sq.ft.

$334,900

Airbnb cash on cash: -0.66%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $753

Traditional Rental Income: $1673

Airbnb ROI: -0.66%

Traditional ROI: 3.26%

6063 W Park Street

Lake City, MI

3 beds | 1 baths | 1,224 sq.ft.

$194,900

Airbnb cash on cash: 0.56%

Traditional cash on cash: 7.68%

Airbnb Rental Income: $906

Traditional Rental Income: $1884

Airbnb ROI: 0.56%

Traditional ROI: 7.68%

6789 W Redman Drive

Lake City, MI

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

$664,900

Airbnb cash on cash: -1.87%

Traditional cash on cash: 0.65%

Airbnb Rental Income: $753

Traditional Rental Income: $2003

Airbnb ROI: -1.87%

Traditional ROI: 0.65%

2183 Wenonah Trail

Lake City, MI

3 beds | 1 baths | 868 sq.ft.

$325,000

Airbnb cash on cash: -0.82%

Traditional cash on cash: 1.24%

Airbnb Rental Income: $906

Traditional Rental Income: $1195

Airbnb ROI: -0.82%

Traditional ROI: 1.24%

1900 Pavilion Drive

Lake City, MI

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

$199,900

Airbnb cash on cash: 0.57%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $906

Traditional Rental Income: $1852

Airbnb ROI: 0.57%

Traditional ROI: 7.35%

301 N Main Street

Lake City, MI

4 beds | 3 baths | 3,035 sq.ft.

$225,000

Airbnb cash on cash: -2.69%

Traditional cash on cash: 11.51%

Airbnb Rental Income: $753

Traditional Rental Income: $3462

Airbnb ROI: -2.69%