Property profile

1856 Houghton Lk Dr Houghton Lake, MI 48629

OFF-MARKET
Commercial real estate
Property ID
US43-3636749
0.57 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Car Wash

Location

1856 Houghton Lk Dr Houghton Lake, MI 48629-8237
Houghton Lake metro Census 971200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2025
Last sale
$400,000
4 recorded transactions
2026
Price N/A
2025
$400,000
2023
Price N/A
2018
$205,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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