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Waterfront Cabin Resort
For Sale
$1,350,000

127 & 128 Oneida Drive, Houghton Lake, MI 48629

Eight furnished cabins and a separate lakefront residence form a lodging operation with guest amenities and municipal sewer service.

Property Size6,800 SF
Price / SF$198.53
Days on Market148

Property Features for 127 & 128 Oneida Drive

General Information

Standard status Active
Size 6,800 SF
Property subtype Commercial
Zoning Residential, Commercial

Units

Unit Mix 8 x 2BR, 1 x 3BR/1.5BA
Multifamily Units 9

Additional Details

Furnished Yes
Business Included Yes
Highway Access Yes

Amenities

docks
shuffleboard courts
game room
laundry facilities
fish cleaning station
expansive lawn areas
outdoor recreation space
cable television
Wi-Fi

Building Details

Building Size 6,800 SF
Year Built 1940
Listing Agency: CENTRAL REAL ESTATE MT PLEASANT, INC.
Listed By: Dave Zamarron
Source: Centralmirealty
Added: Jun 10 Changed: Nov 4 Last Checked: Nov 4 at 2:14PM

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 CENTRAL REAL ESTATE MT PLEASANT, INC.

Rey
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Investment Insights

Based on property information with market context.

This 6,800-square-foot resort property occupies nearly 1.5 acres along Houghton Lake, with approximately 320 feet of sandy shoreline. The lodging inventory includes eight two-bedroom log cabins, four with loft sleeping areas, plus a 1,200+ square-foot, three-bedroom, 1.5-bath waterfront home. Cabins have heat, cable television, Wi-Fi, and furnishings. Newer roofs have been installed on the cabins and residence, and the property is connected to municipal sewer.

Guest facilities include docks, shuffleboard courts, a game room, laundry facilities, and a fish cleaning station, along with lawn and outdoor recreation areas. The residence has a lakefront sunroom and may function as an owner's home or an additional rental. A separate lot across the street adds a 30' x 40' pole barn for storage and maintenance. Equipment, furnishings, and business assets are included; the waterfront home is partially furnished. The property is zoned Residential, Commercial, and was built in 1940.

Key Highlights

  • Nearly 1.5 acres with approximately 320 feet of shoreline on Houghton Lake
  • Eight two‑bedroom log cabins; four include loft sleeping areas
  • 1,200+ square‑foot, three‑bedroom, 1.5‑bath waterfront home

Property Analytics

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Current Use

Foughts Resort Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Cafe & Coffee Shop Restaurant Storage Facility Bed & Breakfast

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

Lease Details

9
Residential units
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

18
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Resort - Eight furnished cabins and a separate lakefront residence form a lodging operation with guest amenities and municipal sewer service.
Where is this resort located?
The property is located at 127 & 128 Oneida Drive Houghton Lake, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Nearly 1.5 acres with approximately 320 feet of shoreline on Houghton Lake; Eight two‑bedroom log cabins; four include loft sleeping areas; 1,200+ square‑foot, three‑bedroom, 1.5‑bath waterfront home
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