$399,000
About this home
*** UPDATE - PROPERTY IS NOW LEASED! 3 YEAR LEASE! *** Perfect opportunity - if current trends continue - to hold for capital appreciation while tenant maintains property and provides modest cash flow in the interim. Enormous upside potential. Lakefront with highway frontage Zoned B3. Highway crossover directly in front of shared access point(s) to property for convenient access from both directions. Approximately 9/10 acre. Previously Heritage Restaurant Log Cabin now converted with updated kitchen & bathrooms, potential for small business to utilize 370+-Ft US Hwy 27 frontage as display area for sales/325+-Ft of lakefront for Lakefront activities(paddleboarding, jet-ski rentals,etc. Come run your small business while you live in this cute nostalgic log cabin on the tranquil lake buck. Don't miss out on this unique opportunity to live, play and work in this special location! Building has been repaired and painted. Last dozen photos depict property currently, repaired, painted and occupied.
Highlights
Property details
- MLS
- Stellar MLS
- MLS #
- MFRL4951531
- Property type
- Mixed Use
- Subdivision
- N/A
- Status
- Active
- Days on market
- 497
- On market date
- April 1, 2025
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.46 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 625
- Student:teacher ratio
- 19.5:1
- District
- HIGHLANDS
- Enrollment
- 666
- Student:teacher ratio
- 17.5:1
- District
- HIGHLANDS
- Enrollment
- 834
- Student:teacher ratio
- 20.3:1
- District
- HIGHLANDS
Walkability
Blended score for LAKE PLACID's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in LAKE PLACID, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 11, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.