Houghton Lake, MI Land 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

83 properties

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Updated: May 22

Waterfront Mixed-Use Property

8848 State Avenue, Houghton Lake, MI 48629

$425,000

2,880 sqft 0.32 AC lot

2,880‑square‑foot mixed‑use building with commercial space, residential quarters, and storage
138 feet of canal frontage with direct access to Houghton Lake
0.32‑acre commercial waterfront site zoned C‑W
Five boat slips currently rented for the season
Permitted uses include retail shops, restaurants, motels, and single‑family dwellings

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8848 State Avenue, Houghton Lake, MI 48629

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Est. Cap Rate

6.1%
Above avg (5.9%)
Est. NOI

$26K
Annual
Price @ 7% Cap

$370K
Suggested
Last Sold

Aug 2022
$83K

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Updated: Apr 17

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 acreage on Highway M‑55
Adjacent to Don Nester Chevrolet and near a Dollar General
Across the highway from U‑Haul Moving & Storage of Houghton Lake
Less than 1 mile from US 127, Highway M‑55 Exit

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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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Commercially Zoned Land Near Lake

V/L Lot 9 Heightsview Drive, Houghton Lake, MI 48630

$49,900

2.24 AC lot

2.24-acre commercially zoned land parcel near Houghton Lake.

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Commercial Land Near M-55

Cloverleaf Lane, Houghton Lake, MI 48629

$175,000

13.40 AC lot

Vacant land with 202-Commercial zoning, positioned off M-55 and backing to I27.

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Vacant Commercial Land

Loxley Road, Houghton Lake, MI 48629

$229,900

7.27 AC lot

Commercially zoned land near Loxley Road and M-55 offers a substantial tract for future development.

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Private Hunting Land

S Loxley Road, Houghton Lake, MI 48629

$419,900

170.00 AC lot

Diverse Northern Michigan acreage offers gated access, established trails, wildlife habitat, and potential sites for a cabin or home.

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Commercial Land Parcel on Corridor

3419 W, Houghton Lake, MI 48629

$400,000

Land parcel positioned on a main commercial corridor near national tenants, supporting flexible commercial development planning.

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Commercial Acreage on Highway M-55

5 AC W Houghton Lake Drive, Houghton Lake, MI 48629

$325,000

Prime commercial land near US 127 and Highway M-55.

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Prime Commercial Acreage on M-55

5 AC W Houghton Lake Drive, Houghton Lake, MI 48629

$150,000

Commercial land with high visibility on M-55 corner location.

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Waterfront Land with Canal Frontage

2185 E Houghton Lake Dr, Houghton Lake, MI 48629

$999,900

Waterfront parcel with 86 feet of canal frontage and an attached walkout garage for water- and recreation-friendly living.

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Commercial Land with Existing Buildings

2447 & 2451 W HOUGHTON LAKE DRIVE, Houghton Lake, MI 48629

$850,000

Commercial acreage includes a primary building and a separate storage structure.

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Canal-Front Waterfront Lot

Long Point, Houghton Lake, MI 48629

$114,900

0.25 AC lot

Build overlooking canal frontage with direct access to the North Bay via an easy route under the bridge.

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Commercial Lot with Golf Course Backdrop

M-55 E Houghton Lake Dr, Houghton Lake, MI 48629

$499,000

Cleared commercial lot with 400 feet of frontage on M-55 and direct access to a golf course at the rear.

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Wooded Hunting Land

3936 S Deadstream Road, Houghton Lake, MI 48629

$45,000

10.15 AC lot

Heavily wooded recreational parcel with lowland terrain, natural water, and habitat supporting deer and turkey.

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Commercial Land Parcel

2385 W HOUGHTON LAKE DRIVE, Houghton Lake, MI 48629

$700,000

Positioned along Highway M-55 west of Home Depot.

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Land

7571 E, Houghton Lake, MI 48629

$125,000

Waterfront Land

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Commercial Land With Highway Frontage

XXX W HOUGHTON LAKE DRIVE, Houghton Lake, MI 48629

$150,000

Commercial acreage on Highway M-55 near established automotive and moving-storage businesses, with access to US127 less than 1 mile away.

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Wooded Residential Building Lot

Lot 789 Redwine Dr, Houghton Lake, MI 48629

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Vacant, fully wooded parcel in a forest estate subdivision, ready for residential building plans.

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Commercial Land with Highway Frontage

XXX W HOUGHTON LAKE DRIVE, Houghton Lake, MI 48629

$285,000

Commercial acreage offers flexible parcel planning and direct exposure along Highway M-55.

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Canal-Front Waterfront Building Lot

Lot 12-13 Long Point, Houghton Lake, MI 48629

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Build on a canal-front lot with extensive waterfront frontage and practical access toward North Bay open waters.

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Commercial Land with Highway Frontage

XXX W HOUGHTON LAKE DRIVE, Houghton Lake, MI 48629

$195,000

Vacant commercial land with Village Mixed Use zoning and Highway M55 frontage.

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Build-Ready Residential Land Parcel

302 Bay City Trail, Houghton Lake, MI 48629

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Build-ready lot with remaining detached 2-car garage and utilities in place, ready for new construction planning.

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LAND - Houghton Lake, MI

7571 E Houghton Lake Drive, Houghton Lake, MI 48629

$125,000

1.42 AC lot

Waterfront Land · 1.42 Acres

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Houghton Lake, MI Land Market Trends and Statistics

Explore 83 land for sale in Houghton Lake, MI, showcased through 83 active listings on our real estate platform. These investment opportunities span a total of 12,501,284 square feet of properties for sale, with an estimated market value of $11,047,200.

Sale prices for lots in Houghton Lake, MI start at $34,900, averaging $175,352, and reaching up to $999,900 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$49.9K
Houghton Lake	$137K

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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