Commercial Land Near
Prudenville, MI 48651, Prudenville, MI 48651
For Sale
$438,888
Commercial Sale, Prudenville, MI
Property Size4,800 SF
Price / SF$91.44
Days on Market139
Property Features
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Standard status
Size
Building Details
Floors in Building
Listing Agency:
Midge & Co-Luxury Lakefront Homes
(989) 202-4343
Listed By:
Midge Rutter · License MI #6502393939
(989) 302-1219
Added: Jun 25
Changed: Oct 8
Last Checked: Nov 10 at 6:06PM
MLS# 201841057
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 commercial land offering is located in Prudenville, Michigan, near Houghton Lake. The parcel is positioned in front of Walmart and includes a parking lot. Commercial-impr zoning is in place for the property.
The site sits between a provisioning center and a meat market, providing a commercial setting with established nearby businesses. The source information identifies the property as 4,800 square feet, although the reported lot dimensions are inconsistent with that figure and are not included.
The site sits between a provisioning center and a meat market, providing a commercial setting with established nearby businesses. The source information identifies the property as 4,800 square feet, although the reported lot dimensions are inconsistent with that figure and are not included.
Key Highlights
- Commercial‑impr zoning
- In front of Walmart in the Houghton Lake area
- Located between a provisioning center and meat market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,094
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,880
$741.9K
Cap Rate 7%
$529,914
$529.9K
Cap Rate 9%
$412,156
$412.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$57.6K $12.00/SF
− Vacancy
−$4.6K −$0.96/SF
EGI
$53.0K $11.04/SF
− OpEx
−$15.9K −$3.31/SF
NOI
$37.1K $7.73/SF
Area
Roscommon County, MI
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,880
Cap Rate 7%
$529,914
Cap Rate 9%
$412,156
Alternative Uses
Best Use
Self Storage
$529.9K
$463.7K – $618.2K
NOI $37,094 @ 7.0% cap · market cap 8.45%
Second Best
Warehouse
$471.6K
$412.6K – $550.2K
NOI $33,011 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$789.9K
$691.2K – $921.6K
NOI $55,296 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 48651, MI
4,396
Population
3,825
Households
1.1
Avg Household Size
56
Median Age
19%
College-Educated
92%
High-School Grad
71.0 sq mi
ZIP Area
62
Density / Sq Mi
$42,938
Median Household Income
$32,917
Median Earnings
$797
Median Rent
$156,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Commercial land in Roscommon County, MI
Properties on Market for Commercial land in Roscommon County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - The parcel carries commercial-impr zoning and includes a parking lot.
Where is this commercial land located?
The property is located at Prudenville, MI.
What is the asking price?
The asking price for this property is $438,888.
What are key features of this property?
This property features: Commercial‑impr zoning; In front of Walmart in the Houghton Lake area; Located between a provisioning center and meat market
