225 W Houghton Lake Drive, Prudenville, MI 48651
Automotive Service - Prudenville, MI
- Added:
- Jul 12, 2025
- Days on Market:
- 351
- Last Refresh:
- Jun 27 at 11:06 am
Property Features for 225 W Houghton Lake Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 2,880 SF
- Lot size
- 2.00 Acres
Utilities
- Heating system
- Forced Air, Hot Water (Heating)
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 2000
- Building materials
- Block
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent RUTH CLEMENS (989) 429-3100
Listing office COLDWELL BANKER SCHMIDT REALTORS-HL 1244 W HOUGHTON LAKE DRIVE, PRUDENVILLE, MI (989) 366-5522
Listing date Jul 12, 2025
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strategic location on Highway M‑55, a corridor between I‑75 and US‑127, near Houghton Lake.
- Features one touchless automatic wash and four self‑serve bays.
- Includes six vacuums, a vending machine, and coin changers.
- Over 2 acres of land with over 200' frontage on M‑55 and Denton Creek, allowing for expansion.
- High visibility and traffic location.
- Well‑maintained and constructed facility built in 2000.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.4k | $14.04 |
| − Vacancy | −$11.2k | −$3.89 |
| EGI | $29.2k | $10.15 |
| − OpEx | −$7.3k | −$2.54 |
| NOI | $21.9k | $7.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Prudenville
- County
- Roscommon
- State
- Michigan
- Longitude
- -84.642809
- Latitude
- 44.303368
