Prudenville, MI 48651, Prudenville, MI 48651
COMMERCIAL - Prudenville, MI
- Added:
- Jun 25, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 26 at 3:06 am
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- commercial-impr
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 003-249-014-0000
- Size
- 4,800 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Description
- L-1006 P-713 (L-896P-249&L-646 P-408) 223 LOT 14 DEERWOOD VILLAGE #3
Building Details
- Floors in Building
- 1
Listing agent Midge Rutter License #6502393939 (989) 302-1219
Listing office Midge & Co-Luxury Lakefront Homes 3540 W Houghton Lake Drive, Houghton Lake, MI (989) 202-4343
Listing date Jun 25, 2026
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.
HighLights
- Storage units on an 88 x 264 lot located in the Houghton Lake area in front of Walmart
- Parking lot available
- Owners also have two other units on an adjacent lot that is listed for $888,000 (double lot)
Overview
The property is located in the Houghton Lake area of Prudenville, with the site positioned in front of Walmart. It also sits between a provisioning center and a meat market that is currently listed, placing the facility among everyday retail destinations.
For buyers and operators seeking a storage-oriented asset, this site offers a practical setup for running a self-storage business in a retail-anchored setting. The seller also indicates ownership of another storage property one lot over, which is listed separately, providing an option for a multi-site strategy if the related offering fits your plan.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $12.00 |
| − Vacancy | −$4.6k | −$0.96 |
| EGI | $53.0k | $11.04 |
| − OpEx | −$15.9k | −$3.31 |
| NOI | $37.1k | $7.73 |
Alternative Uses
Current Use by Public Records
Map
- City
- Prudenville
- County
- Roscommon
- State
- Michigan
- Longitude
- -84.6059
- Latitude
- 44.2919
