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    Houghton Lake, MI

    Houghton Lake, MI Commercial Real Estate for Sale

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    Houghton Lake Heights, MI Prudenville, MI Roscommon, MI Merritt, MI Harrison, MI Saint Helen, MI Marquette, MI Gladwin, MI
    46 properties
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    Medical Office Building
    Updated: Sep 26, 2025
    Medical Office Building

    9252 W Lake City Road, Houghton Lake, MI 48629

    $290,000
    2,680 sqft
    Convenient location off US 127 and M55 corridor.
    2680 sq. ft. commercial building.
    Features 8 operatory rooms, previously a dental office.
    Large reception area and waiting room.
    Spacious asphalt parking lot.
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    This listing looks promising.

    Here's a quick look at some key insights for

    9252 W Lake City Road, Houghton Lake, MI 48629

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    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $24K
      Annual

    • Price @ 7% Cap

      $345K
      Above asking
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    Waterfront Lounge and Restaurant
    Updated: Jul 27
    Waterfront Lounge and Restaurant

    4168 W Houghton Lake Drive, Houghton Lake, MI 48629

    $1,800,000
    8,420 sqft 0.95 AC lot
    Approximately 8,400 SF lounge and restaurant with signature horseshoe‑shaped bar
    152 feet of frontage on Houghton Lake with sandy beach and lakeside dock
    Four distinct bar areas including lake‑level open‑air lower bar
    1,404 SF three‑sided open‑air lakeside pavilion bar
    560 SF open‑air lakeside balcony
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    Waterfront Restaurant and Lounge
    Waterfront Restaurant and Lounge

    4168 W Houghton Lake Drive, Houghton Lake, MI 48629

    $1,800,000
    8,420 sqft

    Waterfront restaurant and lounge with multiple bar areas, commercial kitchen, and lakeside beach and dock on Houghton Lake.

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    Seasonal Garden Center Retail Building
    Seasonal Garden Center Retail Building

    9014 W Houghton Lake Drive, Houghton Lake, MI 48629

    $399,000
    9,041 sqft 0.73 AC lot

    Seasonal nursery and garden retail building with an ice cream counter, convenient parking, and waterfront-adjacent customer access.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Seasonal Garden Center Retail Building
    Seasonal Garden Center Retail Building

    9014 W Houghton Lake Drive, Houghton Lake, MI 48629

    $399,000
    9,041 sqft

    Seasonal garden center with flower containers and a soft-serve ice cream counter, with convenient parking near a stoplight corner.

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    Waterfront Log Cabin Resort
    Waterfront Log Cabin Resort

    127 & 128 Oneida Drive, Houghton Lake, MI 48629

    $1,350,000
    6,800 sqft 1.40 AC lot

    Turnkey hospitality property with guest cabins, a waterfront home, docks, and outdoor recreation amenities.

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    Two-Bay Auto Shop
    Two-Bay Auto Shop

    5861 W Houghton Lake Drive, Houghton Lake, MI 48629

    $195,000
    1,161 sqft 0.27 AC lot

    Commercial service property with office space, customer parking, and direct access from busy M-55.

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    Short-Term Rental Property With Shop
    Short-Term Rental Property With Shop

    5783 W Houghton Lake Drive, Houghton Lake, MI 48629

    $799,900
    6,750 sqft 0.67 AC lot

    Residential property with a large accessory shop, rooftop deck, multiple en suites, and commercial/residential zoning.

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    Houghton Lake Commercial Property
    Houghton Lake Commercial Property

    1409 Heightsview Drive, Houghton Lake, MI 48630

    $399,900
    30,000 sqft 4.39 AC lot

    4.39-acre commercial property with multiple buildings for various uses.

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    Live-Work Property with Workshop
    Live-Work Property with Workshop

    6415 W Houghton Lake Drive, Houghton Lake, MI 48629

    $139,999
    3,744 sqft 0.56 AC lot

    Commercial building combines retail space, private living quarters, and a substantial garage-workshop area along a main thoroughfare.

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    Mixed-Use Property with Workshop
    Mixed-Use Property with Workshop

    6415 W Houghton Lake Drive, Houghton Lake, MI 48629

    $139,999
    3,744 sqft 0.47 AC lot

    Commercial-zoned property combines retail space, living quarters, and a garage/workshop under one roof.

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    Flex Building with Garage
    Flex Building with Garage

    6415 W Houghton Lake Drive, Houghton Lake, MI 48629

    $139,999
    3,744 sqft

    Combined retail, residential, and workshop areas support flexible owner-operator use along a visible thoroughfare.

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    Retail Space with Storage Barn
    Retail Space with Storage Barn

    6231 W Houghton Lake Drive, Houghton Lake, MI 48629

    $299,900
    10,180 sqft 1.01 AC lot

    Commercial-zoned retail property with a parking lot and supplemental storage structure.

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    Waterfront Conventional Restaurant
    Waterfront Conventional Restaurant

    4168 W Houghton Lake Dr, Houghton Lake, MI 48629

    Contact for pricing
    8,240 sqft

    Four bar areas, commercial kitchen, event space, beach, dock, and lake views support varied restaurant and entertainment operations.

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    Resort with Docks and Sandy Beach
    Resort with Docks and Sandy Beach

    5358 W Houghton Lake Drive, Houghton Lake, MI 48629

    $700,000
    0.43 AC lot

    Own a lakeside resort offering three cabins and a twinplex, with docks and sandy beach on Houghton Lake.

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    Waterfront Mixed-Use Property
    Waterfront Mixed-Use Property

    8848 State Avenue, Houghton Lake, MI 48629

    $425,000
    2,880 sqft 0.32 AC lot

    Commercial waterfront zoning supports retail, restaurant, motel, and residential uses.

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    Versatile Commercial Property on Main Thoroughfare
    Versatile Commercial Property on Main Thoroughfare

    6415 W Houghton Lake Drive, Houghton Lake, MI 48629

    $149,900
    20,473 sqft

    Live, work, and invest in one convenient location.

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    Flex Space with Full Basement
    Flex Space with Full Basement

    4592 W Houghton Lake Drive, Houghton Lake, MI 48629

    $229,000
    3,417 sqft 0.17 AC lot

    Commercially zoned building with multiple levels, on-site parking, and adaptable space for business operations.

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    Office Building with Garage Vault
    Office Building with Garage Vault

    1421 W Houghton Lake Dr, Houghton Lake, MI 48629

    Contact for pricing
    2,400 sqft 0.72 AC lot

    Renovated office building with eight individual offices and a 22x24 garage featuring a fireproof vault for storage.

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    Flex Space with Loading Dock
    Flex Space with Loading Dock

    317 Cherry Street, Houghton Lake, MI 48629

    $250,000
    1,890 sqft 0.16 AC lot

    Commercial flex property with shop area, overhead access, and an HVAC business included in the sale.

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    Waterfront Cabin Resort
    Waterfront Cabin Resort

    127 Oneida Drive, Houghton Lake, MI 48629

    Contact for pricing
    7,000 sqft 1.50 AC lot

    Turnkey Northern Michigan waterfront operation with multiple log cabins, private docks, and a waterfront owner’s home.

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    Commercial Land Parcel on M-55
    Commercial Land Parcel on M-55

    W Houghton Lake Drive, Houghton Lake, MI 48629

    $325,000
    5.00 AC lot

    Approximately 5 acres of commercial land positioned alongside Highway M-55 near major retail and service uses.

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    Houghton Lake Commercial Property
    Houghton Lake Commercial Property

    3044 W Houghton Lake Dr, Houghton Lake, MI 48629

    $390,000

    Commercial property on M-55 in Houghton Lake, Michigan.

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    High-Visibility Commercial Corner Land
    High-Visibility Commercial Corner Land

    W Houghton Lake Drive, Houghton Lake, MI 48629

    $150,000
    5.00 AC lot

    Approximately 5-acre parcel with nearly 300 feet of commercial frontage on a highly visible M-55 corner.

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    Houghton Lake, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Houghton Lake, MI, showcased through 46 active listings on our real estate platform. These investment opportunities span a total of 167,465 square feet of properties for sale, with an estimated market value of $13,531,297.

    Sale prices for business properties in Houghton Lake, MI start at $49,900, averaging $397,979, and reaching up to $1,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 7,922
    Population Growth (5Y) +7.5%
    Median Household Income $54,622
    College Educated 25.4%

    High-Yield Neighborhoods for Investment

    Identify Houghton Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Houghton Lake Heights $224.9K
    Houghton Lake $440.1K

    Taxes & Financing

    Tax Rate (average for all types) 3.50%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Roscommon County

    New Delisted

    Total CRE Inventory on Market (SF)

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