$60,000

Pending

9 days ago

121 S Canal St, Lake City, MI

Name: 121 S Canal St, Pending in Lake City - eXp Realty
Brand: City2Shore Real Estate Northern Michigan
SKU: 1944340
Price: 60000 USD

House

MLS® 1944340

3 Bed

1 Bath

1247 sqft

1 Parking

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1247 sqft

Garage Yes

Taxes

Lot Size

Approx. Age 1925

Avg. Price Per Sqft $48

MLS® Number 1944340

Property Address: 121 S Canal St, Lake City, MI, 49651

Average square foot calculated using Size range provided by listing agent.

Description

High-Upside Investment Opportunity in Prime Lake City Location! Attention investors and flippers—this 3-bedroom, 1-bath property offers a rare chance to capitalize on a low purchase price with strong ARV potential in a highly desirable, walkable location. Situated on a 50x70 lot, the property features a fenced-in backyard and a small attached garage currently used for storage, with potential to be converted back to garage space. The home also includes a basement primarily suited for mechanicals and storage. This is a full rehab project requiring significant TLC inside and out, making it ideal for experienced investors looking to unlock value. The home offers a functional layout with all three bedrooms located upstairs, each featuring closet space, while the main floor includes the living room, bathroom, eat-in kitchen, and sun porch—providing a solid foundation. One nice feature is the covered, enclosed porch with French doors leading into the living room—a unique element that can be transformed into a bright, inviting entry or additional living space, enhancing both charm and usable square footage. Inside, the property retains original turn-of-the-century character ready to be restored. This property has also demonstrated strong rental income potential for many years under the original owner, adding confidence for investors considering a buy-and-hold strategy. Located within walking distance to schools, businesses, and dining, the location supports both resale value and continued rental demand. Investor highlights: Low entry price = strong margin opportunity High ARV potential after renovation Proven rental history Full rehab = maximize forced appreciation Walkable to schools, post office, shopping & dining Convertible garage adds flexibility and value Sun front porch add usable space Historic charm enhances finished product appeal Bring your contractor and your vision—this is a prime value-add opportunity with serious upside.

MLS® Number1944340

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1925

BasementFull, Unfinished, Interior Entry

DrivewayConcrete, Private, Attached, Concrete Floors

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

May 8, 2026End Date

-Sold Price

Pending

Apr 28, 2026List Date

$60,000List Price

Commute

Commute

Starting Address

Destination Address

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