2070 W Houghton Lake Drive lot #11 & 12, Prudenville, MI 48651
COMMERCIAL - Prudenville, MI
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 12:06 pm
Property Features for 2070 W Houghton Lake Drive lot #11 & 12
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- commerical impr
- Standard status
- Active
- APN
- 003-249-011 & 012-2000
- Size
- 9,324 SF
- Lot size
- 1.04 Acres
Taxes and HOA fees
- Tax Description
- LOT 11 EXC COM AT NW COR LOT11 TH E 90.02 FT TH NE COR LOT11 TH S 11.77FT TH W 90.45 FT TH N 11.77FT TO POB DEERWOOD VILLAGE #3 & LOT12 EXC COM AT NW COR LOT12 TH E 90.02 FT TO NE COR LOT11 TH S 11.77FT TO W 90.45 FT TH N 11.77FT TO POB DEERWOOD VILLAGE#3
Listing agent Midge Rutter License #6502393939 (989) 302-1219
Listing office Midge & Co-Luxury Lakefront Homes 3540 W Houghton Lake Drive, Houghton Lake, MI (989) 202-4343
Listing date Jun 25, 2026
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.
HighLights
- Two large lots located in front of Walmart in Houghton Lake
- Includes storage units that provide rental income
- Additional storage units available on the other side of the provisioning center
Overview
The property is located at 2070 W Houghton Lake Drive in Prudenville, Michigan, in Roscommon County. The public remarks describe the sites as being positioned in front of Walmart in Houghton Lake, with additional storage units referenced as located on the other side of the provisioning center.
This configuration can appeal to buyers looking for a storage-focused operation centered on two adjacent lots, with the flexibility to evaluate how the current storage setup could fit into a broader tenant or use strategy consistent with the commercial zoning. For prospective tenants, the asset provides an established self-storage arrangement rather than raw land, with the added advantage of being situated at a retail-heavy location as described in the remarks.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.9k | $12.00 |
| − Vacancy | −$9.0k | −$0.96 |
| EGI | $102.9k | $11.04 |
| − OpEx | −$30.9k | −$3.31 |
| NOI | $72.1k | $7.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Prudenville
- County
- Roscommon
- State
- Michigan
- Longitude
- -84.681493
- Latitude
- 44.298217
