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4562 Houghton Lake Dr Houghton Lake, MI 48629

10,152 SF Vacant Drug Store

Overview

Added:
Dec 11, 2024
Days on market:
133
This 10,152-square-foot vacant retail building, formerly a drug store, presents a unique investment opportunity in Houghton Lake, Michigan. Built in 1990, this single-building property sits on a 0.97-acre lot at 4562 W Houghton Lake Dr, 48629. The property is strategically located along a high-traffic corridor (over 12,700 vehicles daily) with excellent visibility and proximity to major highways US-127 and I-75, making it easily accessible. The location benefits from a strong local economy driven by tourism in this popular Northern Michigan resort and fishing destination situated on Michigan's largest inland lake. The surrounding area boasts a high concentration of national retailers, including Arby's, Dollar Tree, McDonald's, Home Depot, and Walmart. The property's strong demographics include an average household income exceeding $61,993 within a one-mile radius and over 9,250 residents within a five-mile radius. This well-maintained building is available for sale or lease and offers excellent investment potential in a growing area. The property is currently vacant and ready for immediate occupancy. This net lease property offers a single tenancy and has no remaining lease term.

Highlights

  • 10,268 SF free-standing building, built in 1993.
  • Prime Houghton Lake location, a popular Northern Michigan tourist destination.
  • Situated on Michigan's largest inland lake, with a tourism-based economy.
  • High traffic count (12,700+ vehicles daily) on W Houghton Lake Dr.
  • Excellent access to US-127 and I-75.
  • Strong demographics: >$61,993 average household income (1-mile radius) and >9,250 residents (5-mile radius).

Property Details for 4562 Houghton Lake Dr

Property type
Retail properties, Retail space
Square Feet
10,152 SF
Year Built
1990
Buildings
1
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Houghton Lake
County
Roscommon
State
Michigan
Latitude
44.298262637109
Longitude
-84.730372652247

FAQs

What type of property is this?
Retail property - 10,152 SF Vacant Drug Store
Where is the retail property located?
The property is located at 4562 Houghton Lake Dr Houghton Lake, MI.
What are key features of this property?
This property features: 10,268 SF free-standing building, built in 1993.; Prime Houghton Lake location, a popular Northern Michigan tourist destination.; Situated on Michigan's largest inland lake, with a tourism-based economy.
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4562 Houghton Lake Dr
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