3900 Houghton Lk Dr, Houghton Lake, MI 48629-9215
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.
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Joe's Coney Island Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.