Property profile

3900 Houghton Lk Dr Houghton Lake, MI 48629

OFF-MARKET
Commercial real estate
Property ID
US43-4106122
0.23 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 3900 W Houghton Lake Dr, Houghton Lake, MI 48629, presents a unique investment opportunity. Currently operating as a successful diner, "Joe's Coney Island," this business and building are offered for sale at $225,000. The property boasts a prime location in a bustling area of Houghton Lake, within Roscommon County. The existing diner features a clean and well-maintained kitchen, ample storage space, and included equipment, providing a solid foundation for continued operation or a complete transformation. The building's layout offers additional space, allowing for expansion and adaptation to suit a variety of concepts. The versatile design lends itself to diverse culinary ventures, such as a café, bistro, or pub, or even non-food-related businesses. The existing business operations are included in the sale, providing a turnkey opportunity for immediate revenue generation. This property offers a blend of established success and significant untapped potential, making it an attractive investment for both seasoned entrepreneurs and newcomers seeking a thriving business in a desirable location. The latitude and longitude coordinates are 44.2986831, -84.7167469. Contact us for more information.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.23 ac (10,019 SF)
APN 003-198-005-0000
UPID US43-4106122

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
  • Restaurant

Location

3900 Houghton Lk Dr Houghton Lake, MI 48629-9215
Houghton Lake metro Census 971200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$105k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$105k

Owner & transaction history

since 2024
Last sale
$105,000
2 recorded transactions
2024
$105,000
2012
$70,000

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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