Two-Bay Auto
For Sale
$195,000
5861 W Houghton Lake Drive, Houghton Lake, MI 48629
Commercial Sale, Houghton Lake, MI
Property Size1,161 SF
Lot Size0.27 Acres
Price / SF$167.96
Days on Market57
Property Features for 5861 W Houghton Lake Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Parking Lot
Subdivision
Houghton Lake Hills
Directions
M-55 towards Federal Ave, business is on the corner of M-55 and Knollside Rd. Across from Lakeview Park
Standard status
Active
APN
011-420-005-0000
Size
1,161 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
LOT S 5 TO 8 INCL EXC COM AT NW COR OF LOT 8 TH SE'LY ON LOT LINE 1.5 FT TH SW'LY AT RT ANG 30 FT TH SW'LY IN DIR LINE TO SW COR OF LOT 8 TH NE'LY ON W'LY LINE OF LOT 8 TO POB HOUGHTON LAKE HILLS.
Tax Annual Amount
1061
Legal Description
LOT S 5 TO 8 INCL EXC COM AT NW COR OF LOT 8 TH SE'LY ON LOT LINE 1.5 FT TH SW'LY AT RT ANG 30 FT TH SW'LY IN DIR LINE TO SW COR OF LOT 8 TH NE'LY ON W'LY LINE OF LOT 8 TO POB HOUGHTON LAKE HILLS.
Utilities
Water source
Well
Amenities
office space
restroom
two-bay garage with floor drain
large parking lot
new roof
new well pump
updated electrical
exterior refresh
new interior paint and flooring
Houghton Lake views
Building Details
Floors in Building
1
Listing Agency:
Century 21 Realty North Higgins Lake
(989) 821-1800
Listed By:
Stephanie Adamson
(248) 978-2449
Added: Aug 11
Changed: Sep 13
Last Checked: Oct 6 at 12:06PM
MLS# 201842132
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.
This 1,161-square-foot commercial auto shop includes office space, a restroom, and a two-bay garage equipped with a floor drain. The property also offers a large parking lot for customer vehicles and business equipment, with a well serving the site. Recent improvements include a new roof, new well pump, updated electrical service, exterior work, and new interior paint and flooring.
Positioned along busy M-55, the building has exposure to passing traffic and views of Houghton Lake. Commercial zoning supports its current service-oriented configuration, while the combination of garage, office, restroom, and parking provides a practical layout for an automotive operation.
Positioned along busy M-55, the building has exposure to passing traffic and views of Houghton Lake. Commercial zoning supports its current service-oriented configuration, while the combination of garage, office, restroom, and parking provides a practical layout for an automotive operation.
Key Highlights
- 1,161‑square‑foot commercial auto shop
- Two‑bay garage with floor drain
- Office space and restroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,407
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,140
$168.1K
Cap Rate 7%
$120,100
$120.1K
Cap Rate 9%
$93,411
$93.4K
Market Conditions
NOI Build-Up for 1,161 SF
Gross rent
$13.9K $12.00/SF
− Vacancy
−$1.9K −$1.66/SF
EGI
$12.0K $10.34/SF
− OpEx
−$3.6K −$3.10/SF
NOI
$8.4K $7.24/SF
Area
Roscommon County, MI
Vacancy
13.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,140
Cap Rate 7%
$120,100
Cap Rate 9%
$93,411
Alternative Uses
Best Use
Retail
$120.1K
$105.1K – $140.1K
NOI $8,407 @ 7.0% cap · market cap 4.31%
Second Best
Industrial
$93.9K
$82.2K – $109.6K
NOI $6,576 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$191.1K
$167.2K – $222.9K
NOI $13,375 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Well-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- muffler man auto service center — 5861 W Houghton Lake Dr, Houghton Lake, MI 48629
- Jimmy's Collision Repair Center — 6771 W Houghton Lake Dr, Houghton Lake, MI 48629
Frequently Asked Questions
What type of property is this?
Auto shop - Updated commercial service property with office space, restroom, parking, and direct access for customers and equipment.
Where is this auto shop located?
The property is located at 5861 W Houghton Lake Drive Houghton Lake, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,161‑square‑foot commercial auto shop; Two‑bay garage with floor drain; Office space and restroom included
