Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Commercial Property in Prudenville Title is generated by Realmo AI

    1200 W Houghton Lake Drive, Prudenville, MI 48651

    View on Map
    Claim this Listing
    For Lease
    $5,660/Mo $10 SF/Yr (calc)

    COMMERCIAL - Prudenville, MI

    Property size:
    6,791 SF
    Added:
    Mar 11, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 1200 W Houghton Lake Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    VMU
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    6,791 SF

    Taxes and HOA fees

    Tax Description
    Please see attached for full legal: L-1033 P-1533 223 COM AT E 1/4 COR SEC 15 TH S89DEG39'38'''' W 2082.97FT TH '' ''N0DEG00'38''''W 27.24FT FOR POB TH N0DEG00'38''''W ALG W LINE OF 9TH STREET 399.68FT '' ''TH N89DEG49'46''''W 174.74 FT TH S0DEG05'18''''.

    Utilities

    Water source
    Well

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Ruth Anne Clemens
    Ruth Anne Clemens

    Listing agent Ruth Anne Clemens License #6502369433

    Listing office CB Schmidt Houghton Lake 1244 W Houghton Lake Drive, PRUDENVILLE, MI

    Listing date Mar 11, 2026

    MLS# 201839008

    Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic, easily accessible location with excellent road frontage and signage potential.
    • Generous square footage with a spacious open layout suitable for various business uses.
    • Ample on‑site parking and convenient entry access.
    • Ideally situated near established businesses, residential neighborhoods, and major travel routes.
    • Well‑maintained building and grounds, presenting a turnkey opportunity.
    • Strong growth potential and consistent traffic flow.

    Overview

    This commercial property in Prudenville, MI, offers significant exposure and versatility in a high-traffic and accessible location. The well-maintained building provides 6791 square feet of space suitable for various business uses, including retail, service, or mixed commercial operations. The interior features a spacious, open layout and flexible work areas designed to accommodate both customer service and administrative needs. The property includes ample on-site parking, convenient entry access, and excellent road frontage for maximum visibility and signage potential. Its solid construction and well-kept grounds make it a turnkey opportunity. Ideally situated near established businesses, residential neighborhoods, and major travel routes, this location offers strong growth potential and consistent traffic flow, making it an outstanding choice for expanding or relocating your business. The zoning is VMU.
    Property Profile Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Courier Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prudenville
    County
    Roscommon
    State
    Michigan
    Longitude
    -84.660428
    Latitude
    44.299139

    FAQs

    What type of property is this?
    Retail space - High-visibility commercial space suitable for retail, service, or mixed-use operations.
    Where is this retail space located?
    The property is located at 1200 W Houghton Lake Drive Prudenville, MI.
    What is the lease rate?
    The lease rate is $5,660 /Mo.
    What are key features of this property?
    This property features: High‑traffic, easily accessible location with excellent road frontage and signage potential.; Generous square footage with a spacious open layout suitable for various business uses.; Ample on‑site parking and convenient entry access.
    (989) 429-3100
    We can help!
    Listing Contact
    Ruth Anne Clemens
    Ruth Anne Clemens
    Real Estate License ID: 6502369433
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1200 W Houghton Lake Drive, Prudenville, MI 48651
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!