6329 Houghton Lake Dr Houghton Lake, MI 48629

This exceptional 8-acre commercial property in Houghton Lake, Michigan, presents a unique investment opportunity. Located on W Houghton Lake Dr, between M55 and Crawford Avenue, this prime location offers unparalleled visibility and access. The property encompasses 9,201 square feet across three buildings, featuring a two-story structure. Currently zoned commercial, it allows for a wide range of development possibilities, including upscale campgrounds, retail spaces, a strip mall, or apartment complexes. The property's history as a popular amusement park, complete with rides, an arcade, miniature golf, and retail areas, provides a solid foundation for future ventures. Adding to its appeal are four existing efficiency apartments, generating over $4,000 in monthly rental income. These apartments are currently occupied, and tenants should not be disturbed until a purchase agreement is finalized. The asking price is $800,000, translating to $86.95 per square foot and $200,000 per unit. The property's proximity to Houghton Lake provides stunning lake views, attracting customers and ensuring high traffic flow. This is an ideal opportunity for developers seeking a large-scale project with significant upside potential. Note that an adjacent property is also available for sale, offering a combined nearly 9 acres and approximately 800 feet of frontage along M55 for a total package price of $1,000,000. The property's zip code is 48629.