Restaurant Property with Patio
6263 W Houghton Lake Drive, Houghton Lake, MI 48629
For Sale
$495,000
Commercial Sale, Houghton Lake, MI
Property Size4,210 SF
Lot Size0.83 Acres
Price / SF$117.58
Days on Market47
Property Features for 6263 W Houghton Lake Drive
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Listing Agency:
CB Schmidt Houghton Lake
(989) 366-5522
Listed By:
Ruth Anne Clemens · License MI #6506043271
(989) 429-3100
Added: Sep 25
Changed: Oct 8
Last Checked: Nov 10 at 2:06PM
MLS# 201843042
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 4,210-square-foot restaurant property occupies a 0.83-acre site at 6263 W Houghton Lake Drive in Houghton Lake. Commercial zoning and a Class C Resort License with a patio license are part of the offering. The site has a parking lot and a well water source.
Key Highlights
- 4,210‑square‑foot restaurant property on 0.83 acres
- Includes a Class C Resort License and patio license
- Parking lot on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,052
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,040
$641.0K
Cap Rate 7%
$457,886
$457.9K
Cap Rate 9%
$356,133
$356.1K
Market Conditions
NOI Build-Up for 4,210 SF
Gross rent
$59.1K $14.04/SF
− Vacancy
−$16.4K −$3.89/SF
EGI
$42.7K $10.15/SF
− OpEx
−$10.7K −$2.54/SF
NOI
$32.1K $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%
$641,040
Cap Rate 7%
$457,886
Cap Rate 9%
$356,133
Alternative Uses
Best Use
Specialty Retail
$457.9K
$400.7K – $534.2K
NOI $32,052 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$692.8K
$606.2K – $808.3K
NOI $48,499 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
125
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering includes a Class C Resort License, a patio license, and on-site parking.
Where is this conventional restaurant located?
The property is located at 6263 W Houghton Lake Drive Houghton Lake, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 4,210‑square‑foot restaurant property on 0.83 acres; Includes a Class C Resort License and patio license; Parking lot on site
