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    OFF-MARKET
    Commercial real estate

    1856 Houghton Lk Dr, Houghton Lake, MI 48629-8237

    0.57 ac lot
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-3636749
    Property summary
    AI-generated overview

    This exceptional turnkey business opportunity presents a thriving car wash located at 1856 W Houghton Lake Dr, Houghton Lake, MI 48629. The 4,780 square foot facility sits on a 0.86-acre lot and enjoys a prime location on a major thoroughfare with an estimated 18,000 vehicles passing daily (VPD), ensuring high visibility and consistent customer traffic. The car wash caters to both local residents and tourists, offering a unique service for boats, personal watercraft (PWC), and other vehicles, a rare advantage in the area. Adding to its profitability, the property includes fourteen self-storage units at the rear, boasting a strong retention rate. This established business benefits from its proximity to major national retailers such as Walmart, Home Depot, Dunham's, Taco Bell, and McDonald's, further enhancing its customer base. The asking price is $475,000, and the sale includes all business assets, equipment, and real estate. This presents a rare opportunity to acquire a well-established, profitable business with significant growth potential. The property also qualifies for bonus depreciation, offering additional tax advantages for the buyer. This is a truly turnkey operation ready for immediate ownership and income generation.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.57 ac (24,829 SF)
    APN 003-016-004-0120
    UPID US43-3636749
    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
    Current use
    Occupant on record · Public records
    • Splash N Dash Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Cw Investments LLC · 1 yrs held
    Cw Investments LLC
    since 2025
    Last sale
    $400,000
    4 recorded transactions
    2026
    2025
    $400,000
    2023
    2018
    $205,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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