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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    8979 Houghton Lk Dr, Houghton Lake, MI 48629-9719

    0.71 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-4288988
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 8979 W Houghton Lake Drive in Houghton Lake, Michigan, 48629, presents a unique investment opportunity. Priced at $375,000, this retail property and land sits on a prominent corner lot at the intersection of M-55 and Old US-27, directly across from the Houghton Lake State Police post. This high-traffic location offers unparalleled visibility and accessibility, making it ideal for a variety of retail businesses. The property currently operates as an established retail business, offering a diverse range of products including fireworks, sporting goods, firearms, ammunition, tobacco products, bait and tackle, lottery tickets, and DNR licenses. Existing inventory is available for purchase, or the seller will facilitate liquidation. This presents a turnkey opportunity for a buyer to step into an immediately profitable venture. Alternatively, the property's prime location and high visibility make it an excellent site for establishing a new business. The property's proximity to I-27 further enhances its accessibility and appeal to a wide customer base. This is a rare opportunity to acquire a well-established business and/or a highly desirable retail location in a thriving Michigan community. The property is zoned for commercial use.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.71 ac (30,928 SF)
    APN 006-033-016-0297
    UPID US43-4288988
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • H & H Fireworks, Guns, and Sporting Goods Discount Store Party Supply Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    HEALEY MICHAEL S TRUST
    HEALEY MICHAEL S TRUST
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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