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    Houghton Lake, MI Storefront Properties 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
    Houghton Lake Commercial Opportunity
    Updated: Dec 23, 2025
    Houghton Lake Commercial Opportunity

    317 Cherry Street, Houghton Lake, MI 48629

    $250,000
    1,890 sqft 0.16 AC lot
    Turnkey business opportunity: Includes real estate and established HVAC company (Pifer & Morford Heating).
    Established Business: Pifer & Morford Heating has a long‑standing reputation (since 1946) and repeat customer base in the Houghton Lake area.
    Commercial Building: Features open shop space, 200‑amp electrical service, an overhead door, and a loading dock.
    Sale includes client list and HVAC equipment.
    Versatile Commercial Space: Ideal for HVAC, trades, light industrial use, or storage.
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    This listing looks promising.

    Here's a quick look at some key insights for

    317 Cherry Street, Houghton Lake, MI 48629

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    • Est. Cap Rate

      5.5%
      NOI ÷ price

    • Est. NOI

      $14K
      Annual

    • Price @ 7% Cap

      $196K
      Suggested
    View Property Analytics
    Hardware Store on M-55
    Updated: Oct 2, 2025
    Hardware Store on M-55

    6231 W Houghton Lake Drive, Houghton Lake, MI 48629

    $299,900
    10,180 sqft 1.01 AC lot
    Well‑established hardware store business opportunity in a central location on M‑55.
    Excellent visibility and ample space suitable for various business ventures.
    Owners committed to training new owner for a smooth transition.
    Includes a spacious 32 x 76 barn for ample storage.
    Equipment list provided.
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    Mixed-Use Retail and Office Building
    Mixed-Use Retail and Office Building

    4592 W Houghton Lake Drive, Houghton Lake, MI 48629

    $229,000
    3,417 sqft 0.17 AC lot

    Improved commercial building with flexible main and upper levels plus a full basement for storage or equipment.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Houghton Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Retail Building with Ample Parking
    Retail Building with Ample Parking

    1200 W Houghton Lake Drive, Prudenville, MI 48651

    $749,000
    6,791 sqft 1.70 AC lot

    Well-maintained retail building with a spacious open layout, flexible work areas, and ample on-site parking.

    View details
    Versatile Commercial Property For Sale
    Versatile Commercial Property For Sale

    1200 W Houghton Lake Drive, Prudenville, MI 48651

    $749,000
    6,791 sqft

    High-traffic location suitable for retail, service, or mixed commercial operations.

    View details
    Downtown Retail Flower Shop Building
    Downtown Retail Flower Shop Building

    1109 W Cedar Avenue, Gladwin, MI 48624

    $249,000
    6,466 sqft 0.56 AC lot

    Retail building with a 2-bedroom apartment, office space, and multiple walk-in and reach-in coolers.

    View details
    Flower Shop Retail Building
    Flower Shop Retail Building

    1109 W Cedar Avenue, Gladwin, MI 48624

    $249,000
    6,000 sqft 0.50 AC lot

    Downtown Gladwin flower shop with retail space, multiple greenhouses, and walk-in coolers, plus an on-site efficiency apartment.

    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.

    Roscommon Vlg Land Opportunity
    Roscommon Vlg Land Opportunity

    N MAIN Street, Roscommon, MI 48653

    Contact for pricing
    0.16 AC lot

    Commercial or residential land for sale in Roscommon Vlg.

    View details
    Spacious Commercial Building on M-65
    Spacious Commercial Building on M-65

    4271 N M-65, Hale, MI 48739

    $480,000
    5,500 sqft 4.00 AC lot

    Large commercial building with living space on heavily traveled M-65.

    View details
    Commercial Land with I-75 Off-Ramp Frontage
    Commercial Land with I-75 Off-Ramp Frontage

    VL Johnson Road, Gaylord, MI 49735

    $150,000
    0.64 AC lot

    B-2 zoned commercial land with I-75 visibility at the Gaylord interchange, supported by MDOT 2024 traffic counts.

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    Commercial Corner Development Land
    Commercial Corner Development Land

    Mitten Drive, Traverse City, MI 49686

    $1,150,000
    1.74 AC lot

    Development land with ingress/egress from two roads and exposure near Cherry Capital Airport and Costco.

    View details

    Houghton Lake, MI Storefront Properties Market Trends and Statistics

    Explore 3 storefront properties for sale in Houghton Lake, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 15,487 square feet of properties for sale, with an estimated market value of $778,900.

    Sale prices for retail units in Houghton Lake, MI start at $229,000, averaging $259,633, and reaching up to $299,900 — 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 5
    Automotive properties 2
    Shopping centers 2
    Auto shops 1
    Car washes 1

    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
    48629 $247K

    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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