Property profile

2424 Houghton Lk Dr Houghton Lake, MI 48629

OFF-MARKET
Commercial land
Property ID
US43-3873741
1.15 ac lot
Entity Owned 3-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 9.47-acre commercial land parcel, located at 2424 W. Houghton Lake Drive in Houghton Lake, Michigan (48629), presents a remarkable investment opportunity. The property, identified by APN 003-016-007-0155, is zoned for commercial use, making it ideal for a variety of development projects. Its strategic location within Houghton Lake's thriving commercial corridor offers unparalleled visibility and accessibility. Situated directly near major retailers such as Walmart, Home Depot, Dunham's, and McDonald's, this site benefits from high traffic volume and established consumer base. The property's size and zoning allow for significant flexibility in development plans, potentially accommodating retail redevelopment, a dealership, or other commercial ventures. An existing operating business on the site may be included in the sale, presenting additional value and potential income streams. This is a confidential sale, and the asking price is $1,275,000. Serious inquiries are encouraged. This prime location and substantial acreage offer a rare chance to establish a successful commercial enterprise in a high-demand area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.15 ac (50,094 SF)
APN 003-016-007-0101
UPID US43-3873741

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
  • Vacation Rental Campground & RV Park

Location

2424 Houghton Lk Dr Houghton Lake, MI 48629-8238
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
by Request

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2017
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2424 Houghton Lk Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message