1900 Houghton Lk Dr Houghton Lake, MI 48629-8292

Property Details for 1900 Houghton Lk Dr

Lot size

1.72 lot acres

Property type

Commercial real estate

APN

003-016-004-0160

APU

30160040160

Description

This exceptional mixed-use property, located at 1900 W Houghton Lake Dr in Houghton Lake, MI 48629, presents a significant investment opportunity. The 8,799 square foot building, constructed in 1966, sits on a 1.72-acre lot with 300 feet of frontage on a busy main street, ensuring high visibility. Currently 75% occupied, the property features a blend of commercial and residential space, adaptable to various uses. The building boasts unique features including two in-floor automobile air/hydraulic hoists, an exhaust venting system, and infrastructure for a downdraft paint booth – remnants from its previous use. Recent renovations include new standing seam metal roofing with 2" rigid foam insulation on the front, 3" closed-cell foam insulation on the rear, and a 2020 repaving of the west parking lot. The interior features real hand-laid slate flooring in the front unit and a remodeled bike shop (2020) with new LED lighting, tongue-and-groove wood paneling, and racedeck flooring. The building is well-insulated, resulting in affordable heating and electrical costs. All tenants are on month-to-month leases. The property's zoning is commercial, and ample parking is available with 75 spaces. The building is a two-story structure with a butler steel rear section and easily removable non-structural walls, offering flexibility for future renovations or repurposing. An underground sprinkler system covers the landscaped areas. A small easement on the west side provides access to a new power pole with increased electrical capacity, available for future connection if needed. The asking price is $1,200,000 ($136.38/sq ft).