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    Property profile & analytics

    7467 Houghton Lake Rd Merritt, MI 49667

    • Commercial real estate
    • 3.97 lot acres
    For Sale
    View listing
    $279,900
    Value Estimation
    Location Intelligence
    Property ID
    US43-2999335
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Merritt Auction House Bar and Grill/Corner Restaurant / Restaurant

    Property Details for 7467 Houghton Lake Rd

    Year built
    1955
    Lot size
    3.97 lot acres
    Property type
    Commercial real estate
    APN
    006-032-004-00
    APU
    603200400

    Description

    This exceptional business opportunity presents the chance to own the well-established Merritt Auction House, a community staple situated on a high-visibility corner lot (almost 4 acres) at the intersection of M-55 and S. Merritt Rd in Merritt, MI. The property boasts over 4,144 square feet of versatile space, currently configured as a restaurant and auction house. The sale includes all existing contents, encompassing tables, chairs, and a fully equipped kitchen. A significant advantage is the inclusion of both a liquor license and a to-go license, streamlining operations. The building features a spacious dining area, a bar, separate men's and women's restrooms, a recreation area complete with a pool table, and three convenient public entrances, plus a private kitchen entrance. The property's zoning allows for expansion, with pre-approved plans for a gas station or convenience store. The existing septic system has been updated and is capable of supporting a substantial expansion to accommodate a gas station or truck stop in addition to the existing restaurant and bar. A land contract option is available for qualified buyers. This turnkey operation offers a unique blend of established business and significant expansion potential in a prime location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $245,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $250,000
      Mixed-Use
      $185,000
      Hospitality
      $185,000
      Educational
      $200,000
      Residential Income
      $215,000
      Energy
      $220,000
      Income-Based Land
      $230,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Merritt
    County
    Missaukee
    State
    Michigan
    Longitude
    -84.9452
    Latitude
    44.3368
    CBSA code
    15620
    CBSA name
    CADILLAC, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,827
    $12,600
    $90,500
    $103,100
    -
    $25,200
    $181,000
    $206,200

    Comparable in this City

    • Value Estimation by Request

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      219 Boynton Rd

      COMMERCIAL (GENERAL)
      219 Boynton Rd, Merritt, MI 49667
      View Details
    • Value Estimation by Request
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      310 Merritt Rd

      COMMERCIAL (GENERAL) • 0.98 Acres
      310 Merritt Rd, Merritt, MI 49667-9758
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      Merritt, MI 49667

      COMMERCIAL (GENERAL) • 0.77 Acres
      Merritt, MI 49667
      View Details

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    7467 Houghton Lake Rd
    Merritt, MI 49667
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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