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    Houghton Lake, MI
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    Houghton Lake, MI Retail Properties & Spaces for Sale

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    Houghton Lake Heights, MI Prudenville, MI Roscommon, MI Merritt, MI Harrison, MI Saint Helen, MI Marquette, MI Gladwin, MI
    14 properties
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    Waterfront Mixed-Use Property
    Updated: May 22
    Waterfront Mixed-Use Property

    8848 State Avenue, Houghton Lake, MI 48629

    $425,000
    2,880 sqft 0.32 AC lot
    2,880‑square‑foot mixed‑use building with commercial space, residential quarters, and storage
    138 feet of canal frontage with direct access to Houghton Lake
    0.32‑acre commercial waterfront site zoned C‑W
    Five boat slips currently rented for the season
    Permitted uses include retail shops, restaurants, motels, and single‑family dwellings
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    This listing looks promising.

    Here's a quick look at some key insights for

    8848 State Avenue, Houghton Lake, MI 48629

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $26K
      Annual

    • Price @ 7% Cap

      $370K
      Suggested

    • Last Sold

      Aug 2022
      $83K
    View Property Analytics
    Seasonal Garden Center Retail Building
    Updated: Jun 19
    Seasonal Garden Center Retail Building

    9014 W Houghton Lake Drive, Houghton Lake, MI 48629

    $399,000
    9,041 sqft 0.73 AC lot
    9,041 SF West Shore Marketplace building used seasonally for sales of lawn/garden and other seasonal products
    Ice cream counter featuring soft serve ice cream
    Convenient on‑site parking with parking lot on‑site
    Zoned CW: Commercial Waterfront District
    Location near a stoplight corner with traffic count of 12,436 (boat traffic not included) and dock parking available on canal frontage on the west side of Houghton Lake
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    Two-Bay Auto Shop
    Two-Bay Auto Shop

    5861 W Houghton Lake Drive, Houghton Lake, MI 48629

    $195,000
    1,161 sqft 0.27 AC lot

    Commercial service property with office space, customer parking, and direct access from busy M-55.

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    Live-Work Property with Workshop
    Live-Work Property with Workshop

    6415 W Houghton Lake Drive, Houghton Lake, MI 48629

    $139,999
    3,744 sqft 0.56 AC lot

    Commercial building combines retail space, private living quarters, and a substantial garage-workshop area along a main thoroughfare.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Houghton Lake Commercial Property
    Houghton Lake Commercial Property

    1409 Heightsview Drive, Houghton Lake, MI 48630

    $399,900
    30,000 sqft 4.39 AC lot

    4.39-acre commercial property with multiple buildings for various uses.

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    Mixed-Use Property with Workshop
    Mixed-Use Property with Workshop

    6415 W Houghton Lake Drive, Houghton Lake, MI 48629

    $139,999
    3,744 sqft 0.47 AC lot

    Commercial-zoned property combines retail space, living quarters, and a garage/workshop under one roof.

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    Retail Space with Storage Barn
    Retail Space with Storage Barn

    6231 W Houghton Lake Drive, Houghton Lake, MI 48629

    $299,900
    10,180 sqft 1.01 AC lot

    Commercial-zoned retail property with a parking lot and supplemental storage structure.

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    Flex Building with Garage
    Flex Building with Garage

    6415 W Houghton Lake Drive, Houghton Lake, MI 48629

    $139,999
    3,744 sqft

    Combined retail, residential, and workshop areas support flexible owner-operator use along a visible thoroughfare.

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    Flex Space with Full Basement
    Flex Space with Full Basement

    4592 W Houghton Lake Drive, Houghton Lake, MI 48629

    $229,000
    3,417 sqft 0.17 AC lot

    Commercially zoned building with multiple levels, on-site parking, and adaptable space for business operations.

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    Car Wash Business With Equipment
    Car Wash Business With Equipment

    505 Erie Street, Houghton Lake, MI 48629

    $125,000

    Operating power-washing business with mobile hot- and cold-water equipment, vehicle, trailers, and transition support.

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    Houghton Lake Commercial Property
    Houghton Lake Commercial Property

    3044 W Houghton Lake Dr, Houghton Lake, MI 48629

    $390,000

    Commercial property on M-55 in Houghton Lake, Michigan.

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    Former Drug Store Retail Building
    Former Drug Store Retail Building

    4562 W Houghton Lake Dr, Houghton Lake, MI 48629

    Contact for pricing
    11,440 sqft

    Former Rite Aid building offers ample parking on nearly one acre near major daily traffic on W Houghton Lake Rd.

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    Auto Repair Shop with Three Lifts
    Auto Repair Shop with Three Lifts

    3232 W Houghton Lake Dr, Houghton Lake, MI 48629

    Contact for pricing

    Turn-key transmission repair and towing facility with three shop lifts and a secured area for towed vehicles.

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    Established Retail Business Opportunity
    Established Retail Business Opportunity

    8979 W Houghton Lake Drive, Houghton Lake, MI 48629

    Contact for pricing
    6,000 sqft

    Profitable retail business on a high-traffic corner lot.

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    Based on your search, we've compiled 26 Potential Opportunities for your consideration. Besides 14 Active listings in Houghton Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Property with Multiple Buildings
    Commercial Property with Multiple Buildings

    1409 Heightsview Drive, Houghton Lake Heights, MI 48630

    $399,900
    30,909 sqft 4.39 AC lot

    Commercial parcel with multiple buildings and one leased automotive repair building, plus cleared open land for expansion.

    View details
    Flex Space with Multiple Buildings
    Flex Space with Multiple Buildings

    1409 Heightsview Drive, Houghton Lake Heights, MI 48630

    $399,900
    30,909 sqft 4.39 AC lot

    Commercially zoned acreage includes storage, service, warehouse, showroom, and owner-occupied use potential.

    View details
    Restaurant Building with Flexible Layout
    Restaurant Building with Flexible Layout

    2121 West Houghton Lake Drive, Prudenville, MI 48651

    $675,000

    Well-maintained commercial building with a rear area and adaptable space for food service, retail, or another business use.

    View details
    Retail Space with Flexible Layout
    Retail Space with Flexible Layout

    2121 W Houghton Lake Drive, Prudenville, MI 48651

    $675,000

    Former deli building with a spacious rear area and direct exposure along M-55 near Walmart.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Commercial Land
    Wooded Commercial Land

    Heightsview Drive, Houghton Lake Heights, MI 48630

    $34,900
    2.24 AC lot

    Commercially zoned parcel with wooded character and proximity to lake access.

    View details
    Vacant Commercial Land
    Vacant Commercial Land

    Loxley Road, Houghton Lake, MI 48629

    $229,900
    7.27 AC lot

    Commercially zoned land near Loxley Road and M-55 offers a substantial tract for future development.

    View details
    Vacant Commercial Land with Billboard Frontage
    Vacant Commercial Land with Billboard Frontage

    W Houghton Lake Drive, Houghton Lake, MI 48629

    $179,000
    22.00 AC lot

    Vacant commercial land with highway frontage and back-to-back billboards generating stated monthly income.

    View details
    Commercial Acreage on Highway M-55
    Commercial Acreage on Highway M-55

    W Houghton Lake Drive, Houghton Lake, MI 48629

    $169,000
    2.00 AC lot

    Vacant commercial land with frontage on M-55.

    View details

    Off-Market Properties in Houghton Lake, MI

    Consider similar Off-Market properties in Houghton Lake, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1070 Houghton Lake Dr
    Day care centers

    1070 Houghton Lake Dr, Houghton Lake, MI 48651

    Value Estimation by Request
    3,500 sqft 0.40 AC lot
    View details
    3515 Houghton Lake Dr
    Retail properties & Spaces

    3515 Houghton Lake Dr, Houghton Lake, MI 48651

    Value Estimation by Request
    1,200 sqft
    View details
    3491 Houghton Lake Dr
    Retail properties & Spaces

    3491 Houghton Lake Dr, Houghton Lake, MI 48629

    Value Estimation by Request
    8,450 sqft
    View details
    3509 Lk Dr
    Retail properties & Spaces

    3509 Lk Dr, Houghton Lake, MI 48629

    Value Estimation by Request
    5,244 sqft
    View details

    Houghton Lake, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 18 retail properties & spaces for sale in Houghton Lake, MI, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 85,351 square feet of properties for sale, with an estimated market value of $2,882,797.

    Sale prices for stores in Houghton Lake, MI start at $125,000, averaging $262,072, and reaching up to $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 7
    Automotive properties 4
    Auto shops 3
    Drug stores 2
    Shopping centers 2

    Demographics Overview

    Population 7,922
    Population Growth (5Y) +7.5%
    Median Household Income $54,622
    College Educated 25.4%

    High-Yield Neighborhoods for Investment

    Identify Houghton Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Houghton Lake $280.7K
    Houghton Lake Heights $399.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.50%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Roscommon County

    New Delisted

    Total CRE Inventory on Market (SF)

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