Former Rite Aid - For Sale or Lease | 4562 W Houghton Lake Dr
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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
Land Acres
0.97 AC
Opportunity Zone
Yes
Zoning
Commerical
Parking
52 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
179 FT on West Houghton Lake
PROPERTY TAXES
| Parcel Number | 003-714-001-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $224,700 |
PROPERTY TAXES
Parcel Number
003-714-001-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$224,700
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Power Broker Deno Bistolarides -
Power Broker Brandon Hanna -
Ryan Vinco -
Encore Real Estate Investment Services
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Former Rite Aid - For Sale or Lease | 4562 W Houghton Lake Dr
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