Commercial Land Near
2070 W Houghton Lake Drive lot #11 & 12, Prudenville, MI 48651
For Sale
$888,000
Commercial Sale, Prudenville, MI
Property Size9,324 SF
Lot Size1.04 Acres
Price / SF$95.24
Days on Market139
Property Features for 2070 W Houghton Lake Drive lot #11 & 12
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Listing Agency:
Midge & Co-Luxury Lakefront Homes
(989) 202-4343
Listed By:
Midge Rutter · License MI #6502393939
(989) 302-1219
Added: Jun 25
Changed: Oct 8
Last Checked: Nov 10 at 6:06PM
MLS# 201841058
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.
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Investment Insights
Based on property information with market context.
This commercial land offering comprises two lots totaling 1.04 acres at 2070 W Houghton Lake Drive in Prudenville, Michigan. The property is positioned in front of Walmart and carries commercial improvement zoning. Existing storage units are located on the site and may be removed to create a building site.
Access is available from both sides of the property. The parcel is located in Roscommon County within the Houghton Lake area, providing a commercial setting near an established national retailer. The listing identifies the property as suitable for sale and includes lots 11 and 12.
Access is available from both sides of the property. The parcel is located in Roscommon County within the Houghton Lake area, providing a commercial setting near an established national retailer. The listing identifies the property as suitable for sale and includes lots 11 and 12.
Key Highlights
- Two lots totaling 1.04 acres
- In front of Walmart in the Houghton Lake area
- Commercial improvement zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,056
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,120
$1.4M
Cap Rate 7%
$1,029,371
$1.0M
Cap Rate 9%
$800,622
$800.6K
Market Conditions
NOI Build-Up for 9,324 SF
Gross rent
$111.9K $12.00/SF
− Vacancy
−$9.0K −$0.96/SF
EGI
$102.9K $11.04/SF
− OpEx
−$30.9K −$3.31/SF
NOI
$72.1K $7.73/SF
Area
Roscommon County, MI
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,120
Cap Rate 7%
$1,029,371
Cap Rate 9%
$800,622
Alternative Uses
Best Use
Self Storage
$1.03M
$900.7K – $1.20M
NOI $72,056 @ 7.0% cap · market cap 8.11%
Second Best
Warehouse
$916.1K
$801.6K – $1.07M
NOI $64,124 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,412 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
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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
$156,000
Median Home Value
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Market
Average Price Trend$/SF for Commercial land in Roscommon County, MI
Properties on Market for Commercial land in Roscommon County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Two adjoining lots offer commercial improvement zoning and access from both sides near Walmart.
Where is this commercial land located?
The property is located at 2070 W Houghton Lake Drive lot #11 & 12 Prudenville, MI.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: Two lots totaling 1.04 acres; In front of Walmart in the Houghton Lake area; Commercial improvement zoning
