Property profile

1070 Houghton Lake Dr Houghton Lake, MI 48651

OFF-MARKET
Day care centers
3,500 SF 0.4 ac lot Built 1991
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Property summary

AI-generated overview

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 profile

Verified
Property type Day care centers
Year built 1991
Total area 3,500 SF
Lot 0.4 ac (17,424 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1070 Houghton Lake Dr Houghton Lake, MI 48651
Houghton Lake metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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