8979 Houghton Lk Dr, Houghton Lake, MI 48629-9719
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.
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H & H Fireworks, Guns, and Sporting Goods Discount Store Party Supply Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.