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    1070 Houghton Lake Dr Houghton Lake, MI 48651

    Sponsored
    For Sale
    $349,900

    3,500 SF Mixed-Use Building, Vacant

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 1070 W Houghton Lake Dr, Houghton Lake, MI 48651, presents a unique investment opportunity. The 3,500 square foot building, constructed in 1991 and renovated in 2020, sits on a 0.4-acre lot with ample parking for 12 vehicles. Currently vacant with an occupancy date of October 15, 2024, this property offers immense flexibility. The building features 13 rooms suitable for various uses, including private offices, treatment rooms, or suites. Additional spaces include a large living room with a fireplace and a sizable kitchen. The property's zoning permits multi-family use, opening doors to diverse possibilities such as a medical/dental practice, spa/salon, daycare, or even conversion to a single-family home or duplex. Its prime location on the highly visible M-55 W Houghton Lake Road ensures excellent visibility and accessibility. The asking price is $349,900, translating to $99.97 per square foot. This two-building, single-story property represents a compelling investment for owner-users seeking a versatile and well-located asset in a thriving community. The property is privately owned.

    Property Features for 1070 Houghton Lake Dr

    General Information

    Property type
    Day care centers
    Square Feet
    3,500 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built/Renovated
    1991/2020
    Buildings
    2
    Stories
    1

    HighLights

    • $349,900 asking price for this mixed‑use property.
    • 3,500 square feet on a 0.4‑acre lot, with 12 parking spaces.
    • Located at 1070 W Houghton Lake Dr, Houghton Lake, MI 48621, on highly visible M‑55.
    • Features two, one‑story buildings, built in 1991 and renovated in 2020.
    • Currently vacant, with an occupancy date of October 15, 2024.
    • Zoned for multi‑family use, offering flexible options including medical, retail, or residential conversion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houghton Lake
    County
    Roscommon
    State
    Michigan
    Longitude
    -84.6582206
    Latitude
    44.2987413

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    FAQs

    What type of property is this?
    Day care center - 3,500 SF Mixed-Use Building, Vacant
    Where is this day care center located?
    The property is located at 1070 Houghton Lake Dr Houghton Lake, MI.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: $349,900 asking price for this mixed-use property.; 3,500 square feet on a 0.4-acre lot, with 12 parking spaces.; Located at 1070 W Houghton Lake Dr, Houghton Lake, MI 48621, on highly visible M-55.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1070 Houghton Lake Dr Houghton Lake, MI 48651
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