Flex Space with Loading
For Sale
$250,000
317 Cherry Street, Houghton Lake, MI 48629
The sale pairs a commercial building with an established HVAC business, equipment, and customer records.
Property Size1,890 SF
Lot Size0.32 Acres
Price / SF$132.28
Days on Market12
Property Features for 317 Cherry Street
General Information
Standard status
Active
Size
1,890 SF
Lot size
0.32 Acres
Zoning
201 C
Warehouse & Industrial
Dock-High Doors
1
Power
200 amps
Additional Details
Business Included
Yes
Currently Operating
Yes
Property Use
Light Industrial
Amenities
No
0.16
.32 acre
Concrete
1890.0
Building Details
Building Size
1,890 SF
Buildings
1
Listing Agency:
(989) 273-3883
Listed By:
Chet Wheeler
Source:
Graylingrealestate
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:09PM
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 Chet Wheeler
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Investment Insights
Based on property information with market context.
At 317 Cherry Street in Houghton Lake, this 1,890-square-foot flex property has open shop space, an overhead door, a loading dock, and 200-amp electrical service. The sale also includes Pifer & Morford Heating, its HVAC equipment, and client list.
The company has served the Houghton Lake area since 1946, providing residential and commercial heating services. Zoning is 201 C.
The company has served the Houghton Lake area since 1946, providing residential and commercial heating services. Zoning is 201 C.
Key Highlights
- 1,890‑square‑foot building with open shop space
- Loading dock and overhead door
- 200‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,511
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,220
$230.2K
Cap Rate 7%
$164,443
$164.4K
Cap Rate 9%
$127,900
$127.9K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$24.5K $12.96/SF
− Vacancy
−$6.8K −$3.59/SF
EGI
$17.7K $9.37/SF
− OpEx
−$6.2K −$3.28/SF
NOI
$11.5K $6.09/SF
Area
Roscommon County, MI
Vacancy
27.70%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,220
Cap Rate 7%
$164,443
Cap Rate 9%
$127,900
Alternative Uses
Best Use
Flex RnD
$164.4K
$143.9K – $191.9K
NOI $11,511 @ 7.0% cap · market cap 4.60%
Second Best
Industrial
$152.9K
$133.8K – $178.4K
NOI $10,704 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$311.0K
$272.2K – $362.9K
NOI $21,773 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Dock-high doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The sale pairs a commercial building with an established HVAC business, equipment, and customer records.
Where is this flex space located?
The property is located at 317 Cherry Street Houghton Lake, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,890‑square‑foot building with open shop space; Loading dock and overhead door; 200‑amp electrical service
