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OFF-MARKET
Specialty properties

Par A-2 Houghton Lake Dr Houghton Lake, MI 48629

Property ID
Property summary
AI-generated overview

This exceptional commercial land parcel, located at XXX W Houghton Lk Drive, Par A-2 in Houghton Lake, Michigan, presents a unique investment opportunity. Priced at $150,000, this property boasts over 300 feet of high-and-dry frontage along the heavily trafficked M-55 (W Houghton Lake Dr), between 8005 and 8111 W Houghton Lake Dr. Its strategic location offers unparalleled visibility and accessibility for a wide range of commercial ventures. Beyond the M-55 frontage, the property also features approximately 800 feet of frontage along the Quest Golf course, specifically bordering the sixth hole. This extended frontage presents additional development potential, potentially suitable for residential homes or condominiums, a much-needed amenity in this area. The property's classification as "Special Purpose" and its substantial size make it ideal for various commercial uses, requiring further investigation to determine the best fit. The high-and-dry nature of the land eliminates potential drainage concerns, simplifying development plans. This is a rare opportunity to acquire a significant commercial property in a desirable location with high potential for return on investment. The property is situated in Roscommon County, Michigan, with a zip code of 48629.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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