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Former Drug Store 4562 W Houghton Lake Dr 13,000 SF Retail Building Houghton Lake, MI 48629 $683,630 CAD ($52.59 CAD/SF)
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 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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
C
Year Built
1990
Price
$683,630 CAD
Price Per SF
$52.59 CAD
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
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 003-714-001-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $355,602 CAD |
Property Taxes
Parcel Number
003-714-001-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$355,602 CAD
Contacts
-
Deno Bistolarides -
Brandon Hanna -
Marcel Pearl -
Encore Real Estate Investment Services
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Former Drug Store | 4562 W Houghton Lake Dr
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