Storefront with Open
For Sale
$749,000
1200 W Houghton Lake Drive, Prudenville, MI 48651
Commercial Sale, Prudenville, MI
Property Size6,791 SF
Lot Size1.72 Acres
Price / SF$110.29
Days on Market215
Property Features for 1200 W Houghton Lake Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
VMU
Parking features
Parking Lot
Subdivision
Idlewild Resort
Directions
Highway M-55 1/4 mile West of Prudenville stop light five corner location.
Standard status
Active
APN
003-370-254-1000
Size
6,791 SF
Lot size
1.72 Acres
Taxes and HOA fees
Tax Description
Please see attached for full legal: L-1033 P-1533 223 COM AT E 1/4 COR SEC 15 TH S89DEG39'38'''' W 2082.97FT TH '' ''N0DEG00'38''''W 27.24FT FOR POB TH N0DEG00'38''''W ALG W LINE OF 9TH STREET 399.68FT '' ''TH N89DEG49'46''''W 174.74 FT TH S0DEG05'18''''....
Legal Description
Please see attached for full legal: L-1033 P-1533 223 COM AT E 1/4 COR SEC 15 TH S89DEG39'38'''' W 2082.97FT TH '' ''N0DEG00'38''''W 27.24FT FOR POB TH N0DEG00'38''''W ALG W LINE OF 9TH STREET 399.68FT '' ''TH N89DEG49'46''''W 174.74 FT TH S0DEG05'18''''....
Utilities
Water source
Well
Building Details
Floors in Building
1
Listing Agency:
CB Schmidt Houghton Lake
(989) 366-5522
Listed By:
Ruth Anne Clemens · License #6506043271
(989) 429-3100
Added: Mar 11
Changed: Oct 7
Last Checked: Oct 11 at 3:06AM
MLS# 201839004
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.
The storefront contains 6,791 square feet with an open interior plan and adaptable work areas. The 1.72-acre property includes a parking lot and is served by a well water source.
Located at 1200 W Houghton Lake Drive in Prudenville, the property has road frontage and convenient entry access. Its zoning designation is VMU.
Located at 1200 W Houghton Lake Drive in Prudenville, the property has road frontage and convenient entry access. Its zoning designation is VMU.
Key Highlights
- 6,791‑square‑foot storefront building
- 1.72‑acre property
- VMU zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,172
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$983,440
$983.4K
Cap Rate 7%
$702,457
$702.5K
Cap Rate 9%
$546,356
$546.4K
Market Conditions
NOI Build-Up for 6,791 SF
Gross rent
$81.5K $12.00/SF
− Vacancy
−$11.2K −$1.66/SF
EGI
$70.2K $10.34/SF
− OpEx
−$21.1K −$3.10/SF
NOI
$49.2K $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%
$983,440
Cap Rate 7%
$702,457
Cap Rate 9%
$546,356
Alternative Uses
Best Use
Retail
$702.5K
$614.7K – $819.5K
NOI $49,172 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$977.9K – $1.30M
NOI $78,232 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - VMU zoning and on-site lot parking serve this Prudenville commercial property.
Where is this storefront property located?
The property is located at 1200 W Houghton Lake Drive Prudenville, MI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 6,791‑square‑foot storefront building; 1.72‑acre property; VMU zoning
