1070 Houghton Lake Dr Houghton Lake, MI 48651
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.