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17-Unit Lakefront Apartment Building
For Sale
$1,250,000

104 West Houghton Lake Drive, Prudenville, MI 48651

Apartment property with private frontage on Houghton Lake’s East Bay and hospitality-oriented zoning.

Property Size650 SF
Price / SF$1,923
Days on Market279

Property Features for 104 West Houghton Lake Drive

General Information

Standard status Active
Size 650 SF
Property subtype Multi Family / 5+ Units
Zoning VMU

Taxes and HOA fees

Annual Taxes $19,282

Amenities

Central, Yes
Forced Air, Yes
Yes
Forced Air
Natural Gas
Central Air
0.0
Paved, Public
Other
Vinyl Siding
All Sports, Private Frontage

Building Details

Year Built 2014
Units 17
Listing Agency: RE/MAX of Grand Rapids (FH)
Listed By: Kyle J Kimble · License #6501408446
Source: Compass
Added: Nov 24, 2025 Changed: Aug 30 Last Checked: Aug 30 at 12:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX of Grand Rapids (FH)

Investment Insights

Based on property information with market context.

Built in 2014, this 17-unit apartment property is positioned on Houghton Lake’s East Bay in Prudenville. The improvements include central air, forced-air heating, and natural gas service, with vinyl siding and paved public parking noted among the property features.

The site includes private frontage on an all-sports lake and is zoned VMU. The building formerly housed Sully’s on the Lake, providing a documented hospitality-related use history alongside its current apartment classification. The property is located at 104 West Houghton Lake Drive, Prudenville, Michigan 48651.

Key Highlights

  • 17‑unit apartment building completed in 2014
  • Private frontage on Houghton Lake’s East Bay
  • All‑sports lake setting

Property Analytics

Current Use

Sully's on the Lake Restaurant Bar & Pub Ohana Resort Hotel & Motel Sullys On the Lake Restaurant Cedar Oaks Lakeside ... Hotel & Motel

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Plumbing Service Garden Center Furniture & Home Goods Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

92
Businesses Nearby

Demographics for 48651, MI

4,396
Population
3,825
Households
1.1
Avg Household Size
56
Median Age
19%
College-Educated
92%
High-School Grad
71.0 sq mi
ZIP Area
62
Density / Sq Mi
$42,938
Median Household Income
$32,917
Median Earnings
$797
Median Rent
$156,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment property with private frontage on Houghton Lake’s East Bay and hospitality-oriented zoning.
Where is this apartment building located?
The property is located at 104 West Houghton Lake Drive Prudenville, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 17‑unit apartment building completed in 2014; Private frontage on Houghton Lake’s East Bay; All‑sports lake setting
More about this property
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