225 W Houghton Lake Drive, Prudenville, MI 48651
COMMERCIAL - Prudenville, MI
- Added:
- Jul 12, 2025
- Days on Market:
- 360
- Last Refresh:
- Jul 6 at 2:06 am
Property Features for 225 W Houghton Lake Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Exterior features
- Block
- Standard status
- Active
- Size
- 2,880 SF
- Lot size
- 2.00 Acres
Taxes and HOA fees
- Tax Description
- See Associated Docs
Utilities
- Water source
- Private
- Water front
- 1
Building Details
- Building materials
- Block
- Roof type
- Asphalt
Listing agent RUTH CLEMENS License #6502369433 (989) 429-3100
Listing office COLDWELL BANKER SCHMIDT REALTORS-HL 1244 W HOUGHTON LAKE DRIVE PO BOX 109, PRUDENVILLE, MI (989) 366-5522
Listing date Jul 12, 2025
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.
HighLights
- Car wash facility on Highway M‑55 between I‑75 and US‑127, directly across from Houghton Lake
- Includes 1 touchless automatic wash plus 4 self‑serve bays for multiple customer options
- Site has 6 vacuums, a vending machine, and coin changers
- More than 2 acres with over 200' frontage on M‑55 and over 200' frontage on Denton Creek
- Block construction with asphalt roof; private water source
- Additional room on‑site for storage or a parking area
Overview
The facility is located on Highway M-55 in Prudenville, positioned on the corridor between I-75 and US-127. It is also described as being across the street from Michigan’s largest inland lake, Houghton Lake. The site totals over 2 acres and features more than 200 feet of frontage on both M-55 and Denton Creek, providing room for continued site improvements or additional revenue-oriented uses such as storage or parking.
For buyers looking for an automotive-focused facility, this car wash offers a mixed setup combining automatic and self-serve service lines, along with vacuum equipment and retail-type conveniences. With substantial frontage on M-55 and Denton Creek, the property supports straightforward customer access and provides a larger land footprint for future operational adjustments and potential expansion of on-site services.
Local Financial Insights For Specialty Retail
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 | $40.4k | $14.04 |
| − Vacancy | −$11.2k | −$3.89 |
| EGI | $29.2k | $10.15 |
| − OpEx | −$7.3k | −$2.54 |
| NOI | $21.9k | $7.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Prudenville
- County
- Roscommon
- State
- Michigan
- Longitude
- -84.642809
- Latitude
- 44.303368
