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Established Retail Business Opportunity
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8979 W Houghton Lake Drive, Houghton Lake, MI 48629

Profitable retail business on a high-traffic corner lot.

Property Size6,000 SF
Price / SF$62.50
Days on Market759

Property Features for 8979 W Houghton Lake Drive

General Information

Standard status Active
Size 6,000 SF
Property subtype Retail

Building Details

Year Built 2013
Listing Agency: Coldwell Banker Commercial Schmidt, Realtors Prudenville
Listed By: Craig Sredzinski · License #MI
Source: Crexi
Added: Jul 24, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:38AM

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 Coldwell Banker Commercial Schmidt, Realtors Prudenville

Investment Insights

Based on property information with market context.

Located at the corner of M-55 and Old US-27, directly across from the Houghton Lake State Police post, this property offers an opportunity to own a well-established retail business at a busy intersection in Houghton Lake. The property is within minutes of Highway I-27. Currently, the business includes fireworks, sporting goods, gun sales, ammunition, tobacco products, bait and tackle, lotto, and DNR licenses. The property, including the building and real estate, is offered as a profitable business opportunity. The property size is 6000 square feet.

Key Highlights

  • High‑traffic corner location at the intersection of M‑55 and Old US‑27.
  • Established retail business with diverse revenue streams.
  • Opportunity to purchase a profitable business or start a new one.

Property Analytics

Current Use

H & H Fireworks, ... Discount Store

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Hair Salon Auto Repair Shop Real Estate Agency Daycare Center

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

163
Businesses Nearby

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Profitable retail business on a high-traffic corner lot.
Where is this retail space located?
The property is located at 8979 W Houghton Lake Drive Houghton Lake, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: High‑traffic corner location at the intersection of M‑55 and Old US‑27.; Established retail business with diverse revenue streams.; Opportunity to purchase a profitable business or start a new one.
More about this property
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