0 Houghton Lake Dr Houghton Lake, MI 48629
This exceptional 1-acre commercial land parcel presents a remarkable opportunity for business development in the thriving Houghton Lake, Michigan market. Located on West Houghton Lake Drive (M-55), a major thoroughfare connecting Houghton Lake and Prudenville, this property boasts high visibility and significant traffic flow, ensuring maximum exposure for any new venture. The lot is conveniently level, and a curb cut is already installed, simplifying the construction process. Essential utilities are readily available, including city sewer, natural gas, phone lines, and high-speed internet access. A Phase I Environmental assessment was completed several years ago, and the Township Lighting Escrow has been fully paid, eliminating potential future expenses. The property's Commercial zoning permits a wide range of business uses, making it an ideal location for entrepreneurs seeking a strategic advantage in a bustling community. The parcel is identified by APN 003-205-089-1000 and is owned by an LLC. This is a turnkey opportunity to establish a successful business in a prime location with all the necessary infrastructure in place. The asking price is $119,900. Don't miss this chance to secure a piece of Houghton Lake's vibrant commercial landscape.
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
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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.