Opportunity awaits in the heart of downtown Lake City! This 2-bedroom, 1-bath home features a charming loft space that could easily be used as a third bedroom, offering flexibility and room to grow. Located within walking distance to local shops, restaurants, bars, and the iconic Tasty Treat, youll love the convenience of in-town living. Just a short stroll to all-sport Lake Missaukee and an easy drive to both Cadillac and Traverse City, this property is perfectly positioned for year-round enjoyment. The home has had several important updates including foundation work, electrical upgrades, baseboard heat, a newer roof, and some Pella windows-leaving the rest to your vision and finishing touches. Situated on a county-maintained paved road with city utilities and high-speed internet, its ready for your transformation. The adjoining lot behind the home on Canal Street is also available, providing additional space to stretch out or expand. Whether youre looking for a vacation retreat or a full-time residence, this is your chance to bring your ideas to life in one of Northern Michigans most charming communities.