Touchless and Self-Service Car
For Sale
$360,000
225 W Houghton Lake Drive, Prudenville, MI 48651
Commercial, Prudenville, MI
Property Size2,880 SF
Lot Size2.00 Acres
Price / SF$125
Days on Market452
Property Features for 225 W Houghton Lake Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Exterior features
Block
Lot features
Freestanding
Directions
Highway M55 Northeast of Prudenville stop light.
Subdivision
Roscommon
Standard status
Active
Size
2,880 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
See Associated Docs
Legal Description
See Associated Docs
Utilities
Water source
Private
Water front
1
Amenities
six vacuums
vending machine
coin changers
Building Details
Building materials
Block
Roof type
Asphalt
Listing Agency:
COLDWELL BANKER SCHMIDT REALTORS-HL
(989) 366-5522
Listed By:
RUTH CLEMENS · License #6506043271
(989) 429-3100
Added: Jul 12, 2025
Changed: Sep 5
Last Checked: Oct 6 at 4:06AM
MLS# 1936322
Copyright © 2026 Northern Great Lakes Realtors MLS. 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.
This 2,880-square-foot car wash combines one touchless automatic wash with four self-service bays. Customer amenities include six vacuums, a vending machine, and coin changers. The block-constructed building has an asphalt roof and is served by a private water source.
The 2-acre property is located on Highway M-55 in Prudenville, positioned between I-75 and US-127 and across from Houghton Lake. The site also has frontage along Denton Creek, providing a substantial setting for the existing operation and related site uses. The address is 225 W Houghton Lake Drive, Prudenville, MI 48651.
The 2-acre property is located on Highway M-55 in Prudenville, positioned between I-75 and US-127 and across from Houghton Lake. The site also has frontage along Denton Creek, providing a substantial setting for the existing operation and related site uses. The address is 225 W Houghton Lake Drive, Prudenville, MI 48651.
Key Highlights
- 2,880‑square‑foot car wash facility
- One touchless automatic wash and four self‑service bays
- Six vacuums, vending machine, and coin changers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,926
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,520
$438.5K
Cap Rate 7%
$313,229
$313.2K
Cap Rate 9%
$243,622
$243.6K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$40.4K $14.04/SF
− Vacancy
−$11.2K −$3.89/SF
EGI
$29.2K $10.15/SF
− OpEx
−$7.3K −$2.54/SF
NOI
$21.9K $7.61/SF
Area
Roscommon County, MI
Vacancy
27.70%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,520
Cap Rate 7%
$313,229
Cap Rate 9%
$243,622
Alternative Uses
Best Use
Specialty Retail
$313.2K
$274.1K – $365.4K
NOI $21,926 @ 7.0% cap · market cap 6.09%
Second Best
Retail
$297.9K
$260.7K – $347.6K
NOI $20,854 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$474.0K
$414.7K – $553.0K
NOI $33,178 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Car wash - Operating wash facility with automated and self-service options, customer equipment, and highway corridor positioning.
Where is this car wash located?
The property is located at 225 W Houghton Lake Drive Prudenville, MI.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,880‑square‑foot car wash facility; One touchless automatic wash and four self‑service bays; Six vacuums, vending machine, and coin changers
