NOT LISTED FOR SALE

50 N Morey Rd Lake City, MI 49651

Estimated Value: $212,516

0.44 Acre
$482,991 Price per Acre
19,166 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $164,000

Est. 30% increase in value since last sale

Current estimated payment $1,432/month

124 Days on Market

About This Lot

As of May 2021

Great business opportunity, great location, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors, this double lot is located just northeast of the busy intersection of M-66 and M-55 on the North end of Lake City. Property has a municipal sewer system already installed to property and the State put in the curb/driveway as well. This double lot is located right outside the city limits. Great location with a high traffic count both by car and foot. Located on the famous M-66 where the traffic count is; according to MDOT (Michigan Dept. of Transportation), approx. 10,000 vehicles that cruise thru Lake City on a daily basis. An electric service pole is installed and located at the back of the property.

Last Agent to Sell the Property

Tamara McLeod Helsel

City2Shore Real Estate Northern Michigan License #6502410127 Listed on: 01/06/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,045

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 156 x 157 x 144 x 99
  • Level Lot
  • Cleared Lot
  • The community has rules related to zoning restrictions

Utilities

  • Well
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$2,045

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Section Number: 31
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 372727.27
  • Range: R 7W

Exterior Features

  • Number Of Acres: 0.44
  • Road: Public Maintained, Blacktop

Utilities

  • Utilities Available: Cable Tv, Dsl, Electric, Cable Internet, Natural Gas, Telephone, Wifi
  • Waste Available: Municipal
  • Water Available: Private Well

Schools

  • School District: Lake City Area School District

Lot Info

  • Land Features: Level, Cleared
  • Lot Dimensions: 156 x 157 x 144 x 99
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential, Commercial, Manufacture/Warehouse, Platted Subdivision, Deed Restrictions, Parking Lot
  • Percent Open: 100

Tax Info

  • Summer Taxes: 475.60
  • Total Taxes: 2045.06
  • Winter Taxes: 1569.46
  • Year Summer: 2020
  • Year Winter: 2020

MLS Schools

  • School District: Lake City Area School District

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $164,000 -0.6% --
01/06/2021 01/06/21 For Sale $165,000 -- --
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,394 $92,600 $79,900 $12,700
2024 $826 $102,600 $90,000 $12,600
2023 $787 $71,700 $57,600 $14,100
2022 $732 $66,700 $66,700 $0
2021 $2,001 $64,800 $64,800 $0
2020 $476 $43,200 $43,200 $0
2019 $469 $64,800 $64,800 $0
2018 $1,949 $100,800 $0 $0
2017 $1,907 $100,800 $0 $0
2016 $1,893 $64,800 $0 $0
2015 -- $74,700 $0 $0
2014 $1,549 $75,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tamara McLeod Helsel

    Seller's Agent in 2021

    Tamara McLeod Helsel

    City2Shore Real Estate Northern Michigan

    (231) 839-0077

    382 Total Sales

    Tamara McLeod Helsel
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1883060

Northern Great Lakes REALTORS® MLS

APN: 007-310-005-00

Michigan Missaukee County Lake City 49651

50 N Morey Rd, Lake City, MI

This home is located at 50 N Morey Rd, Lake City, MI 49651 since 06 January 2021 and is currently estimated at $212,516. 50 N Morey Rd is a home located in Missaukee County with nearby schools including Lake City Upper Elementary School, Lake City Middle School, and Lake City High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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