Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7467 Houghton Lake Rd Merritt, MI 49667

    For Sale
    $279,900

    Established Business, 4 Acres, Liquor License

    Property size:
    4,144 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional business opportunity presents the chance to own the well-established Merritt Auction House, a community staple situated on a high-visibility corner lot (almost 4 acres) at the intersection of M-55 and S. Merritt Rd in Merritt, MI. The property boasts over 4,144 square feet of versatile space, currently configured as a restaurant and auction house. The sale includes all existing contents, encompassing tables, chairs, and a fully equipped kitchen. A significant advantage is the inclusion of both a liquor license and a to-go license, streamlining operations. The building features a spacious dining area, a bar, separate men's and women's restrooms, a recreation area complete with a pool table, and three convenient public entrances, plus a private kitchen entrance. The property's zoning allows for expansion, with pre-approved plans for a gas station or convenience store. The existing septic system has been updated and is capable of supporting a substantial expansion to accommodate a gas station or truck stop in addition to the existing restaurant and bar. A land contract option is available for qualified buyers. This turnkey operation offers a unique blend of established business and significant expansion potential in a prime location.

    Property Features for 7467 Houghton Lake Rd

    General Information

    Property type
    Investment properties
    Square Feet
    4,144 SF
    Lot Size
    172,933 SF

    Building Details

    Year Built
    1978
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Merritt Auction House ... Restaurant

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Department Store Kitchen & Bath Daycare Center Plumbing Service Tailor Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merritt
    County
    Missaukee
    State
    Michigan
    Longitude
    -84.94537
    Latitude
    44.33637

    Nearby Comparable

    • $499,000
      240.00 Acres

      240-Acre Hunting Retreat Near Houghton

      240 acres of prime Northern Michigan hunting land.
      00 N Dorr At Gaukel Rd, Merritt, MI 49667
      View Details
    • New
      Contact for pricing
      Pending

      Hunting Land Near Muskegon River

      7.8 acres of hunting and recreational land near Houghton Lake.
      E Cadillac Rd, Merritt, MI 49667
      View Details

    FAQs

    What type of property is this?
    Investment property - Established Business, 4 Acres, Liquor License
    Where is this investment property located?
    The property is located at 7467 Houghton Lake Rd Merritt, MI.
    What is the asking price?
    The asking price for this property is $279,900.
    (810) 214-4011
    Request Owner's contact information
    7467 Houghton Lake Rd Merritt, MI 49667
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7467 Houghton Lake Rd
    Merritt, MI 49667
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7467 Houghton Lake Rd Merritt, MI 49667
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.