11738 S Lake St, Empire, MI, USA
Listing was updated at: 08/07/2019
Property Overview
Price/Rent PSF $ 1,475,000.00
Asset Type Land
Trade Type Sale
Acres Available 3.14
Date Available 08/07/2019
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Description

Location
Take M 72 west into Empire. Proceed straight thru the light at M 22 and M 72 intersection. Go to end of W Front. Property sits on west side of T-junction of S Lake St and W Front.

Sale
Sitting adjacent to the entrance of one of Northern Michigan's most popular beaches, this property offers 3 acres of high-visibility development opportunity to the savvy real estate investor seeking to capitalize on the booming tourism industry of Northern Michigan. Five buildings currently occupy the commercially-zoned parcels located in downtown Empire, of which includes a 8,000 sq ft heritage barn that can be readily converted into a rustic event space. Development of these parcels is augmented by a municipally-approved for a septic field located on an adjacent 2 acre parcel with a capacity of up to 20,000 gallons-per-day.

Location