Medical Office Building with 8
For Sale
$290,000
9252 W Lake City Road, Houghton Lake, MI 48629
Commercial Sale, Houghton Lake, MI
Property Size2,680 SF
Price / SF$108.21
Days on Market376
Property Features for 9252 W Lake City Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Parking features
Parking Lot
Basement
Partial, Unfinished
Subdivision
T23N R4W
Directions
M55 JUST EAST OF US127
Standard status
Active
APN
006-033-015-0120
Size
2,680 SF
Taxes and HOA fees
Tax Description
COM 200 FT N OF SE COR OF SW 1/4 OF SE 1/ TH N 23' W 155 FT TH S 89 DEG 59' W 200 FT TH S 23' E 315 FT TO HWY R/W TH EON R/W 100 FT TH N 23' E 160 FT TH E 100FT TO POB PART OF SW 1/4 OF SE 1/4 SEC 33 T23N R4W
Tax Annual Amount
3750
Legal Description
COM 200 FT N OF SE COR OF SW 1/4 OF SE 1/ TH N 23' W 155 FT TH S 89 DEG 59' W 200 FT TH S 23' E 315 FT TO HWY R/W TH EON R/W 100 FT TH N 23' E 160 FT TH E 100FT TO POB PART OF SW 1/4 OF SE 1/4 SEC 33 T23N R4W
Utilities
Water source
Well
Building Details
Floors in Building
1
Listing Agency:
Homewaters, LLC - Houghton Lake
(989) 302-2951
Listed By:
Kimberly Kaminski · License #6501381142
(989) 312-3432
Added: Sep 26, 2025
Changed: Sep 25
Last Checked: Oct 6 at 12:06PM
MLS# 201837306
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 2,680-square-foot medical office property is configured with 8 operatory rooms and was previously used as a dental office. The interior includes a reception area, waiting room, storage rooms, and a central workroom connecting both hallways. Two half bathrooms serve the waiting area and employee lounge or kitchen area.
Additional features include an unfinished partial basement, forced-air heating, central A/C, an asphalt parking lot, and landscaping. The building is located off the US 127 and M55 corridor in Houghton Lake and uses a well water source. Zoning is COMMERCIAL.
Additional features include an unfinished partial basement, forced-air heating, central A/C, an asphalt parking lot, and landscaping. The building is located off the US 127 and M55 corridor in Houghton Lake and uses a well water source. Zoning is COMMERCIAL.
Key Highlights
- 2,680 square feet with 8 operatory rooms
- Previously configured as a dental office
- Reception area, waiting room, storage rooms, and central workroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,120
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,400
$482.4K
Cap Rate 7%
$344,571
$344.6K
Cap Rate 9%
$268,000
$268.0K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$40.2K $15.00/SF
− Vacancy
−$8.0K −$3.00/SF
EGI
$32.2K $12.00/SF
− OpEx
−$8.0K −$3.00/SF
NOI
$24.1K $9.00/SF
Area
Roscommon County, MI
Vacancy
20.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,400
Cap Rate 7%
$344,571
Cap Rate 9%
$268,000
Alternative Uses
Best Use
Office B
$344.6K
$301.5K – $402.0K
NOI $24,120 @ 7.0% cap · market cap 8.32%
Second Best
Healthcare Medical
$249.1K
$218.0K – $290.7K
NOI $17,439 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$441.1K
$385.9K – $514.6K
NOI $30,874 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
172
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Includes reception, waiting, storage, and central work areas alongside two half bathrooms.
Where is this medical office space located?
The property is located at 9252 W Lake City Road Houghton Lake, MI.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 2,680 square feet with 8 operatory rooms; Previously configured as a dental office; Reception area, waiting room, storage rooms, and central workroom
