Property profile

7520 Houghton Lake Rd Merritt, MI 49667

OFF-MARKET
Industrial properties
Property ID
US43-3123620
2,000 SF 1 ac lot Built 1986
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Property summary

AI-generated overview

This exceptional 2,000 square foot commercial property presents a unique investment opportunity in Merritt, Michigan. Situated on a one-acre lot on the bustling M-55 highway, this property boasts high visibility and convenient access. The main structure, formerly a party store, offers ample space for a variety of commercial ventures. Its strategic location near the Merritt Speedway ensures high traffic volume and potential customer base. Adding to its versatility, the property includes a single-wide mobile home, ideal for on-site living or employee housing, significantly reducing overhead costs. A two-stall garage provides additional storage or workshop space. The combination of commercial building, mobile home, and garage creates a flexible and cost-effective solution for entrepreneurs seeking a prime location with multiple uses. The property's size and location make it suitable for a wide range of businesses, from retail to light industrial operations. This is a rare chance to acquire a well-positioned commercial property with significant potential for growth and profitability. The property is priced competitively at $129,000, offering a strong return on investment. Don't miss this opportunity to establish your business in a thriving community.

Property profile

Verified
Property type Industrial properties
Year built 1986
Total area 2,000 SF
Lot 1 ac (43,560 SF)
UPID US43-3123620

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7520 Houghton Lake Rd Merritt, MI 49667
Merritt metro
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Value estimations

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Owner & transaction history

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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