Houghton Lake Commercial Real Estate I75 exit 227 Prime Commercial I 75 Interstate Exit 227 Northern Mich Start Price - Current Price - Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Thursday, August 28, 2008 End Time Wednesday, November 26, 2008 Location Houghton Lake, Michigan See more about 'Houghton Lake Commercial Real Estate I75 exit 227' Description Location, Location, Location. Northern Michigan.  I75 and M55W Interchange. Prime Commercial parcel south of the proposed theme park.  High visibility from I75 exit 227.  7.75 prime acres ready for development of fuel stop, convenience store, and hotel.  Restaurant with 70 years of success on 3 acres contiguous to the 7.75 acres.  Properties offered separate or combined.  High DOT traffic count.  Tremendous potential.  Deeply discounted from bank appraisal of $742,000.  Appraisal done in January, 2008. Right in the center of the three "Other Great Lakes" - Houghton Lake, Higgins Lake, Lake St. Helen in Roscommon County.  Asking $600,000 for the combined properties or $458,000 for the restaurant building and 3 acres, or $143,500 for the 7.75 acres. Willing to pay small commission if a licensed real estate agent brings a buyer to the table. Would also consider co-development of adjacent property with an equity envestor. Place a Bid!

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