Restaurant Property with Patio
For Sale
$495,000
6263 W Houghton Lake Drive, Houghton Lake, MI 48629
Commercial Sale, Houghton Lake, MI
Property Size4,210 SF
Lot Size0.83 Acres
Price / SF$117.58
Days on Market14
Property Features for 6263 W Houghton Lake Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Parking features
Parking Lot
Subdivision
T22N R4W
Directions
M-55 Just NW of Maple Street
Standard status
Active
APN
011-211-013-0410
Size
4,210 SF
Lot size
0.83 Acres
Taxes and HOA fees
Tax Description
L-839 P-641 (L-608 P-433) 224 COM AT NW COR OF LOT 3 TH S ON W LN 1071FT TH S89DEG13'E 633.5 FT FOR POB TH S PAR WITH W LN 125 FT TH S89DEG13'E 283.7FT TO HWY R/W TH N30DEG03'W 146.7 FT ON R/W TH N89DEG13'W 211.4 FT TO POB PART OF GOVT LOT 3
Legal Description
L-839 P-641 (L-608 P-433) 224 COM AT NW COR OF LOT 3 TH S ON W LN 1071FT TH S89DEG13'E 633.5 FT FOR POB TH S PAR WITH W LN 125 FT TH S89DEG13'E 283.7FT TO HWY R/W TH N30DEG03'W 146.7 FT ON R/W TH N89DEG13'W 211.4 FT TO POB PART OF GOVT LOT 3
Utilities
Water source
Well
Listing Agency:
CB Schmidt Houghton Lake
(989) 366-5522
Listed By:
Ruth Anne Clemens · License #6506043271
(989) 429-3100
Added: Sep 25
Last Checked: Oct 8 at 9:06AM
MLS# 201843042
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 4,210-square-foot restaurant property occupies a 0.83-acre site at 6263 W Houghton Lake Drive in Houghton Lake. Commercial zoning and a Class C Resort License with a patio license are part of the offering. The site has a parking lot and a well water source.
Key Highlights
- 4,210‑square‑foot restaurant property on 0.83 acres
- Includes a Class C Resort License and patio license
- Parking lot on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,052
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,040
$641.0K
Cap Rate 7%
$457,886
$457.9K
Cap Rate 9%
$356,133
$356.1K
Market Conditions
NOI Build-Up for 4,210 SF
Gross rent
$59.1K $14.04/SF
− Vacancy
−$16.4K −$3.89/SF
EGI
$42.7K $10.15/SF
− OpEx
−$10.7K −$2.54/SF
NOI
$32.1K $7.61/SF
Area
Roscommon County, MI
Vacancy
27.70%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,040
Cap Rate 7%
$457,886
Cap Rate 9%
$356,133
Alternative Uses
Best Use
Specialty Retail
$457.9K
$400.7K – $534.2K
NOI $32,052 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$692.8K
$606.2K – $808.3K
NOI $48,499 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
125
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering includes a Class C Resort License, a patio license, and on-site parking.
Where is this conventional restaurant located?
The property is located at 6263 W Houghton Lake Drive Houghton Lake, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 4,210‑square‑foot restaurant property on 0.83 acres; Includes a Class C Resort License and patio license; Parking lot on site
