317 Cherry Street Houghton Lake, MI 48629
COMMERCIAL - Houghton Lake, MI
- Added:
- Dec 23, 2025
- Days on Market:
- 201
- Last Refresh:
- Jul 12 at 1:06 am
Property Features for 317 Cherry Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 201 C
- Standard status
- Active
- APN
- 011-460-033-0000
- Size
- 1,890 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- L-1003 P-2136 (L-449 P-254 L-541 P-623) 224 LOT 33 LINWOOD PARK.
- Tax Annual Amount
- 710
Building Details
- Floors in Building
- 2
- Building materials
- Steel Siding
Listing agent Kayla Marie Spohn (989) 965-4973
Listing office KW Northern Michigan Team Partners 4556 W Higgins Lake Dr, Roscommon, MI (989) 745-8992
Listing date Dec 23, 2025
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.
Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey business opportunity: Includes real estate and established HVAC company (Pifer & Morford Heating).
- Established Business: Pifer & Morford Heating has a long‑standing reputation (since 1946) and repeat customer base in the Houghton Lake area.
- Commercial Building: Features open shop space, 200‑amp electrical service, an overhead door, and a loading dock.
Local Financial Insights For 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 | $22.7k | $12.00 |
| − Vacancy | −$3.1k | −$1.66 |
| EGI | $19.6k | $10.34 |
| − OpEx | −$5.9k | −$3.10 |
| NOI | $13.7k | $7.24 |
