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Former Rite Aid - For Sale or Lease 4562 W Houghton Lake Dr 13,000 SF Retail Building Houghton Lake, MI 48629 For Sale
INVESTMENT HIGHLIGHTS
- 10,268 SF Free-Standing Building | Constructed in 1993
- Houghton Lake is Michigan's Largest Inland Lake With Tourism Making Up a Majority of the Local Economy
- Proximity to Major Highways Such as US-127 and I-75 Provide Direct Routes to the Area and Make Houghton Lake a Popular Road Trip Destination
- Directly in Front of Houghton Lake - Popular Northern Michigan Tourist Destination Renowned for Its Resort and Fishing Areas
- Strategically Located Along W Houghton Lake Dr Which Has Traffic Counts of Over 12,700 Vehicles Per Day
- Average Household Income Within a 1-Mile Radius Exceeds 61,993
EXECUTIVE SUMMARY
10,268 SF Free-Standing Building | Constructed in 1993
Directly in Front of Houghton Lake - Popular Northern Michigan Tourist Destination Renowned for Its Resort and Fishing Areas
Houghton Lake is Michigan's Largest Inland Lake With Tourism Making Up a Majority of the Local Economy
Strategically Located Along W Houghton Lake Dr Which Has Traffic Counts of Over 12,700 Vehicles Per Day
Proximity to Major Highways Such as US-127 and I-75 Provide Direct Routes to the Area and Make Houghton Lake a Popular Road Trip Destination
Average Household Income Within a 1-Mile Radius Exceeds 61,993
Population Within a 5-Mile Radius of the Subject Property Exceeds 9,250
Positioned Along a Retail Corridor and Surrounded by National Retailers Including Arby's, Dollar Tree, McDonald's, The Home Depot, and Walmart
Well-Maintained and Ready for Immediate Use | Excellent Investment Potential in the Growing Area
Directly in Front of Houghton Lake - Popular Northern Michigan Tourist Destination Renowned for Its Resort and Fishing Areas
Houghton Lake is Michigan's Largest Inland Lake With Tourism Making Up a Majority of the Local Economy
Strategically Located Along W Houghton Lake Dr Which Has Traffic Counts of Over 12,700 Vehicles Per Day
Proximity to Major Highways Such as US-127 and I-75 Provide Direct Routes to the Area and Make Houghton Lake a Popular Road Trip Destination
Average Household Income Within a 1-Mile Radius Exceeds 61,993
Population Within a 5-Mile Radius of the Subject Property Exceeds 9,250
Positioned Along a Retail Corridor and Surrounded by National Retailers Including Arby's, Dollar Tree, McDonald's, The Home Depot, and Walmart
Well-Maintained and Ready for Immediate Use | Excellent Investment Potential in the Growing Area
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
C
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
Commerical
Parking
52 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
179’ on West Houghton Lake
PROPERTY TAXES
| Parcel Number | 003-714-001-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $363,574 CAD |
PROPERTY TAXES
Parcel Number
003-714-001-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$363,574 CAD
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Former Rite Aid - For Sale or Lease | 4562 W Houghton Lake Dr
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