Flex Space with Overhead
For Sale
$250,000
317 Cherry Street, Houghton Lake, MI 48629
Commercial Sale, Houghton Lake, MI
Property Size1,890 SF
Lot Size0.16 Acres
Price / SF$132.28
Days on Market290
Property Features for 317 Cherry Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
201 C
Subdivision
Linwood Park
Directions
South on Federal from W Houghton Lake Dr. West on Collingwood. North on Cherry. Property is the second on the right.
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
Legal Description
L-1003 P-2136 (L-449 P-254 L-541 P-623) 224 LOT 33 LINWOOD PARK.
Building Details
Floors in Building
2
Building materials
Steel Siding
Listing Agency:
KW Northern Michigan Team Partners
(989) 745-8992
Listed By:
Kayla Marie Spohn
(989) 965-4973
Added: Dec 23, 2025
Changed: Oct 8
Last Checked: Oct 9 at 11:06AM
MLS# 201838354
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.
Located at 317 Cherry Street in Houghton Lake, this 1,890-square-foot flex property includes open shop space, 200-amp electrical service, an overhead door, and a loading dock. Steel siding contributes to the building’s commercial utility, while zoning is identified as 201 C.
The sale includes the real estate and the established Pifer & Morford Heating HVAC business, along with its client list and HVAC equipment. The company has served the Houghton Lake area since 1946 and provides residential and commercial heating services. The property is positioned in a central Houghton Lake location within Roscommon County, offering a combined real estate and operating-business offering for an HVAC, trade, light industrial, or storage user.
The sale includes the real estate and the established Pifer & Morford Heating HVAC business, along with its client list and HVAC equipment. The company has served the Houghton Lake area since 1946 and provides residential and commercial heating services. The property is positioned in a central Houghton Lake location within Roscommon County, offering a combined real estate and operating-business offering for an HVAC, trade, light industrial, or storage user.
Key Highlights
- 1,890‑square‑foot flex property at 317 Cherry Street
- Open shop area with overhead door and loading dock
- 200‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,998
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,960
$260.0K
Cap Rate 7%
$185,686
$185.7K
Cap Rate 9%
$144,422
$144.4K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$17.0K $9.00/SF
− Vacancy
−$1.7K −$0.91/SF
EGI
$15.3K $8.09/SF
− OpEx
−$2.3K −$1.21/SF
NOI
$13.0K $6.88/SF
Area
Roscommon County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,960
Cap Rate 7%
$185,686
Cap Rate 9%
$144,422
Alternative Uses
Best Use
Warehouse
$185.7K
$162.5K – $216.6K
NOI $12,998 @ 7.0% cap · market cap 5.20%
Second Best
Flex RnD
$164.4K
$143.9K – $191.9K
NOI $11,511 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$311.0K
$272.2K – $362.9K
NOI $21,773 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48629, MI
7,420
Population
7,248
Households
1
Avg Household Size
56
Median Age
18%
College-Educated
90%
High-School Grad
77.5 sq mi
ZIP Area
96
Density / Sq Mi
$54,622
Median Household Income
$33,544
Median Earnings
$784
Median Rent
$142,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Open shop configuration supports HVAC, trade, light industrial, or storage operations.
Where is this flex space located?
The property is located at 317 Cherry Street Houghton Lake, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,890‑square‑foot flex property at 317 Cherry Street; Open shop area with overhead door and loading dock; 200‑amp electrical service
