Discover Top Commercial Properties for Sale or Lease in Houghton Lake

Houghton Lake, MI Commercial Real Estate for Sale and Lease

Houghton Lake, Michigan, is a vibrant lakeside community known for its scenic beauty, recreational opportunities, and welcoming small-town charm. As the home of Michigan’s largest inland lake, the area attracts year-round visitors who enjoy boating, fishing, snowmobiling, and other outdoor adventures. This strong tourism base supports a diverse range of local businesses, making it an ideal location for commercial investment.

The community features a mix of residential neighborhoods and bustling business corridors, particularly along M-55 and near Prudenville. With affordable property values, growing infrastructure, and a supportive local government, Houghton Lake offers a stable environment for both new entrepreneurs and established investors looking to expand in Northern Michigan

Real Estate Statistics

Average Price	$451K
Lowest Price	$69.9K
Highest Price	$1.5M
Total Listings	23
Avg. Days On Market	218
Avg. Price/SQFT	$86

Property Types (active listings)

Browse Houghton Lake, MI Commercial Real Estate for Sale and Lease

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• Under $100,000
• $100,000 - $200,000
• $200,000 - $300,000
• $300,000 - $400,000
• $500,000 - $600,000
• $600,000 - $700,000
• $700,000 - $800,000
• Over $1,000,000

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$1,500,000

10360 West Shore Drive, Houghton Lake

0 Beds 15 Baths 10,000 SqFt Commercial MLS® # 1920409

$1,250,000

10913 E Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 6,476 SqFt Commercial MLS® # 1934506

$1,250,000

9371 Carlos Avenue, Houghton Lake

0 Beds 0 Baths 0 SqFt Commercial MLS® # 201836525

$1,200,000

1900 W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 8,799 SqFt Commercial MLS® # 201827455

New

$799,000

104 Burrill Drive, Houghton Lake

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1936137

$609,000

↓ $191,000

2255 S Tower Hill Road, Houghton Lake

0 Beds 0 Baths 3,584 SqFt Commercial MLS® # 201833961

$525,000

1409 Heightsview Drive, Houghton Lake

0 Beds 0 Baths 30,909 SqFt Commercial MLS® # 201831539

$375,000

8979 W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 6,000 SqFt Commercial MLS® # 201830735

$325,000

Xxx W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1925904

$319,900

9252 W Lake City Road, Houghton Lake

0 Beds 0 Baths 2,680 SqFt Commercial MLS® # 201837306

$300,000

6329 W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 9,201 SqFt Commercial MLS® # 201831057

$299,900

6231 W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 10,180 SqFt Commercial MLS® # 201837405

$249,900

↓ $100,000

1070 W Houghton Lake Road, Houghton Lake

0 Beds 3 Baths 3,500 SqFt Commercial MLS® # 1929497

$179,000

↓ $110,000

W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 0 SqFt Commercial MLS® # 201829688

$165,000

6415 W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 3,744 SqFt Commercial MLS® # 201831060

$159,000

↓ $36,000

W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 0 SqFt Commercial MLS® # 201829687

$150,000

Xxx W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1925902

$148,000

↓ $72,000

5861 W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 1,188 SqFt Commercial MLS® # 201834892

New Pending

$145,000

4772 W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 1,790 SqFt Commercial MLS® # 1938705

$125,000

505 Erie Street Bs Opp Only, Houghton Lake

0 Beds 0 Baths 0 SqFt Commercial MLS® # 201834899

$119,900

103 Beech Street, Houghton Lake

0 Beds 0 Baths 0 SqFt Commercial MLS® # 201835593

$100,000

317 Cherry Street, Houghton Lake

0 Beds 0 Baths 1,890 SqFt Commercial MLS® # 201836287

$69,900

6698 W Houghton Lake Drive, Houghton Lake

0 Beds 0 Baths 6,643 SqFt Commercial MLS® # 1931548

Houghton Lake, MI Commercial Real Estate for Sale and Lease: Smart Investment Insights

Introduction to Houghton Lake’s Commercial Property Market

Tucked in the heart of Northern Michigan, Houghton Lake is more than just the state’s largest inland lake—it’s also a hidden gem for investors and business owners exploring commercial real estate opportunities. Whether you're looking to establish a retail store, lease office space, or buy income-generating property, Houghton Lake offers exceptional value and a welcoming small-town atmosphere. With access to major highways, a booming seasonal tourism economy, and relatively low entry prices, this region presents a solid foundation for entrepreneurs and investors alike.

This article dives deep into the many facets of Houghton Lake’s commercial real estate market, offering a detailed look at available property types, zoning, financing, market trends, and much more. By the end, you'll be well equipped to make a smart, informed decision—whether you're ready to invest or still exploring your options.

Why Invest in Commercial Real Estate in Houghton Lake, MI?

Growing Business Opportunities

From cozy cafés to water sport rental shops, businesses that cater to both locals and tourists thrive in Houghton Lake. Thanks to its central location and loyal visitor base, commercial ventures—especially in retail and hospitality—benefit from a consistent and enthusiastic customer base.

Affordable Property Prices Compared to Metro Areas

Compared to Grand Rapids, Traverse City, or Detroit, Houghton Lake offers substantially lower commercial real estate prices per square foot. This allows both seasoned and first-time investors to stretch their dollars further while enjoying solid returns.

High Foot Traffic Tourist Areas

Each year, thousands of vacationers flock to Houghton Lake for boating, ice fishing, snowmobiling, and other recreational activities. Areas near boat launches, public beaches, and state parks are especially ideal for customer-facing businesses.

Types of Commercial Real Estate Available

Retail Spaces in Downtown Houghton Lake

If you’re aiming to set up shop, downtown locations offer prime visibility. Spaces vary from quaint storefronts to strip malls with plenty of parking.

Office Buildings and Business Parks

Professional services are on the rise in Houghton Lake. From medical practices to legal and financial services, available office spaces cater to both solo practitioners and multi-person teams.

Industrial Properties and Warehouses

Distribution centers and workshop-style buildings are available near the US-127 corridor. With flexible zoning and ample square footage, these properties are ideal for manufacturing or storage businesses.

Hospitality and Lodging Properties

Cabins, motels, and even large lakefront resorts are in demand. Whether you're looking to buy an existing operation or develop something new, there’s opportunity to capitalize on tourism.

Multi-Use Commercial Lots

Several properties in Houghton Lake are zoned for mixed-use, making them ideal for combined residential/commercial builds—like apartments over storefronts.

Popular Neighborhoods and Business Districts

Prudenville Area Commercial Hotspots

Prudenville, on the south shore of Houghton Lake, is one of the region’s most active commercial zones. With close access to M-55 and a mix of businesses already established, this area offers high visibility and steady customer traffic.

Houghton Lake Heights Business Zones

Located on the west side of the lake, Houghton Lake Heights features a charming mix of historical and new businesses. This neighborhood is perfect for boutique shops, eateries, and rental services.

Highway M-55 and US-127 Corridor

This corridor provides excellent access for delivery trucks, tourists, and residents alike. Businesses along this strip benefit from high daily traffic counts and ample signage opportunities.

Market Trends in Houghton Lake Commercial Real Estate

Average Property Prices and Lease Rates

In 2024, average commercial real estate sale prices in Houghton Lake ranged from $55 to $110 per square foot, depending on location and building condition. Lease rates averaged $9–$16 per square foot annually, with retail and hospitality commanding the higher end.

Vacancy Rates and Turnover Trends

Vacancy rates in key business areas remain low, especially for retail and restaurant spaces under 2,000 square feet. Properties in strategic locations tend to lease quickly, with some landlords seeing waiting lists.

Local Economic Indicators

Tourism remains the top economic driver, followed closely by retail, healthcare, and professional services. Population growth is modest but stable, with many second-home owners transitioning to full-time residency.

Zoning and Land Use Regulations

Permitted Business Types

Houghton Lake and Roscommon County zoning ordinances support a range of commercial activities—from vehicle sales and auto repair to food service and recreational businesses. Before purchasing, confirm zoning via Roscommon County’s zoning map and local ordinances.

Recent Zoning Changes and What They Mean

Recent updates have expanded opportunities for mixed-use developments and conditional zoning, allowing for more creative business models. For example, some former residential zones now allow short-term rentals and hybrid retail/living spaces.

Financing Options for Buyers and Investors

SBA Loans and Local Bank Financing

Qualified buyers can access Small Business Administration (SBA) loans for up to 90% of a commercial property’s value. Additionally, regional banks like Chemical Bank and Horizon Bank offer competitive commercial lending programs tailored for Michigan businesses.

Creative Financing for First-Time Investors

Owner financing, lease-to-own agreements, and investor syndicates are also available in Houghton Lake. These options are ideal for new investors seeking flexibility or limited upfront capital investment.

Tips for Leasing Commercial Space

Lease Types: Triple Net, Gross, Modified Gross

Each lease type has different cost responsibilities. Triple Net (NNN) leases require tenants to cover taxes, insurance, and maintenance—great for landlords, but tenants need to factor in hidden costs.

Negotiating Terms That Work for You

Always negotiate for tenant improvement allowances, exclusivity clauses (if you’re in a multi-unit plaza), and favorable renewal terms. Landlords in Houghton Lake are often open to creative arrangements.

Common Pitfalls to Avoid

Avoid leasing properties without a full inspection. Watch for code compliance issues, deferred maintenance, and limitations on signage that could affect visibility and marketing.

Top Commercial Real Estate Agents in Houghton Lake

How Brook Walsh Can Help You Close the Right Deal

When it comes to navigating the Houghton Lake commercial real estate market, working with a seasoned professional makes all the difference. Brook Walsh is not only a trusted name in Northern Michigan real estate, but also a savvy investor and broker who understands the nuances of commercial property acquisition, leasing, and marketing. Through BrookWalsh.com, you gain access to the latest listings, expert insights, negotiation guidance, and investment strategies tailored to your goals.

Whether you're an out-of-state buyer, a local entrepreneur, or an investor looking to diversify your portfolio, Brook delivers value with:

• Hyper-local market knowledge

• Accurate property valuations

• Personalized investment roadmaps

• Access to off-market and pre-market listings

• End-to-end transaction management

Benefits of Leasing vs. Buying in Houghton Lake

Short-Term Flexibility

Leasing a commercial space in Houghton Lake allows businesses to “test the waters” without long-term financial commitment. This is especially useful for seasonal or pop-up shops during peak tourism months like summer and winter.

Long-Term Equity Building

Buying, on the other hand, enables you to build equity over time, capitalize on property appreciation, and potentially lease out part of the space to generate passive income. Ownership also gives you more control over the property’s appearance, usage, and development potential.

How Seasonality Affects Houghton Lake Commercial Demand

Tourism Spikes and Off-Season Strategies

Houghton Lake’s economy ebbs and flows with the seasons. Summer brings in boating, hiking, and fishing tourists, while winter drives snowmobilers and ice fishing enthusiasts. Businesses that plan accordingly—by ramping up staff and inventory in peak seasons and offering locals-only specials in the off-season—tend to fare best. Some investors even prefer to rent their properties seasonally at premium rates.

Investment Potential: ROI Analysis

Average CAP Rates in Roscommon County

Capitalization rates (CAP rates) in Houghton Lake range from 6% to 9%, depending on property type, location, and tenant reliability. Hospitality and lodging often yield higher CAP rates due to consistent seasonal demand and relatively low overhead.

Rental Income Forecasts

Retail and hospitality leases in high-traffic zones can yield monthly rents of $1,500–$4,000 depending on size and amenities. Office spaces may lease for slightly less but offer longer-term stability. With proper management, many properties cash flow within the first year.

Commercial Property Management Insights

Partnering with NorthernMichiganEscapes.com

Managing a commercial property—especially if it’s a hospitality or mixed-use property—can be time-consuming. NorthernMichiganEscapes.com provides turnkey property management services including:

• Tenant placement

• Maintenance coordination

• Rent collection

• Financial reporting

• Marketing and booking (for short-term rentals)

By outsourcing these tasks to a professional team, you maximize profits while minimizing your workload.

Key Services for Owners and Investors

Beyond basic property management, Northern Michigan Escapes also offers consultation services for:

• Renovation planning

• Interior staging

• Revenue optimization

• Digital marketing

Future Outlook: What’s Coming to Houghton Lake?

Infrastructure and Development Projects

Several infrastructure improvements are underway in Houghton Lake, including road resurfacing projects, broadband internet expansion, and utility upgrades. These changes make the area more attractive to new businesses and remote workers alike.

New Businesses and Big-Box Retail

New businesses are showing increased interest in Houghton Lake’s commercial zones. While it retains its small-town charm, demand for national franchises, boutique lodging, and modern retail continues to rise—especially along the M-55 corridor and near lake access points.

Case Studies: Successful Business Launches in Houghton Lake

From Vacant Lot to Thriving Café

A local entrepreneur purchased a vacant commercial lot near M-55 and converted it into a lakeside café with indoor/outdoor seating. With strategic use of social media and partnerships with local event organizers, the café became a seasonal hotspot, hitting profitability within 18 months.

Boutique Retail Space Success Story

One investor transformed an old storefront in Houghton Lake Heights into a boutique clothing store with a curated local artist section. The store attracted both tourists and locals, especially during festivals and lakefront events, creating a year-round revenue stream.

Checklist: What to Consider Before Buying or Leasing

Before committing to any commercial property, review the following:

Frequently Asked Questions

1. Is commercial property in Houghton Lake a good investment?

Yes. Houghton Lake offers affordable entry points, strong seasonal demand, and long-term appreciation, making it ideal for both novice and seasoned investors.

2. How do I find the best commercial properties in Houghton Lake?

Use trusted local platforms like BrookWalsh.com or contact Brook Walsh directly for off-market listings and expert guidance tailored to your business goals.

3. What’s the average cost to lease a retail space?

Retail spaces typically lease between $9–$16 per square foot annually. Prime lakefront or downtown spots may command higher rates.

4. Can I lease my commercial space to short-term tenants?

Yes, especially if it’s a hospitality or flexible retail space. Seasonal leases are common and often command higher per-month rates.

5. What’s the biggest risk of investing in commercial real estate in Houghton Lake?

The biggest risk is failing to account for seasonal traffic. Businesses must be prepared to adapt during off-peak months or diversify their income.

6. Does Northern Michigan Escapes manage commercial properties?

Absolutely. They specialize in turnkey property management for both short- and long-term commercial investments, including retail, office, and lodging.

Conclusion and Next Steps

Houghton Lake, MI, is a thriving and accessible destination for commercial real estate investment. Whether you're considering buying a retail space, leasing a lakeside storefront, or developing a multi-use property, this Northern Michigan community delivers value, opportunity, and long-term potential.

Backed by a seasonal economy, local charm, and growing infrastructure, now is a prime time to explore Houghton Lake's commercial real estate market. Let Brook Walsh and his team at BrookWalsh.com and NorthernMichiganEscapes.com guide your next move—whether you’re buying, selling, leasing, or managing a commercial property in this vibrant lakeside town.

Continue your Northern Michigan commercial real estate search in the communities below or contact Brook Walsh to help you with your search.