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Key Facts

2.00Lot (acres)

$169,000

$195,000 · Price reduced

Active732 days on market

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Description

VACANT COMMERCIAL PROPERTY with 400 ft of frontage on Highway M-55. Small wetland in NW corner. Zoned Village Mixed Use. Includes billboard revenue. $325 on one side and currently $250 on the other for monthly income.

Property Information

Property Type

Land

Sub-Type

Unimproved Land

Lot Size

2.00 acres

Lot Dimensions

400x267

Days on Market

732

MLS® Listing#

1922722

Property Features

Exterior

None

Lot Features

Corner Lot

Community

None

Utilities

Electricity AvailableNatural Gas AvailableCable Available

Sewer

Public SewerNone

Water Source

PrivateNone

Financial Details

HOA

Yes

Assessed Value

$39,068

Parcel Number

72-003-015-007-0100

Directions

Corner of M-55 and Shady Lane - North side of M-55

Affordability Calculator

Home Price

Down Payment

$33,800

Interest Rate (%)

Loan Term

Estimated monthly payment

$899/mo

Principal $135,200 · Est. interest $188,616 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Houghton Lake, MI

$415,319
Median Listing Price: 44
Median Days on Market: 1,741
Median Sq Ft: $227
Median Price / Sq Ft: 990
Active Listings

This home’s price is 59% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Houghton Lake, MI.

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Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
Parcel E Maple City Highway, Lake Ann, MI	$119,000	—	—	—
Parcel C Maple City Highway, Lake Ann, MI	$119,000	—	—	—
Lot 20 Crystal View, Lake Township, MI	$119,000	—	—	—
11881 S Winesap Road, Lake Township, MI	$119,000	2	1	864
81 N Morey Road, Lake City, MI	$119,900	—	1	510
1196 Clubhouse Drive, Lake Isabella, MI	$119,900	—	—	—

Moving Cost Estimate

Listing Courtesy: COLDWELL BANKER SCHMIDT REALTORS-HL - 9893665522

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright ©2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.