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2545 M-18
Prudenville, MI 48651
Retail Property For Sale
EXECUTIVE SUMMARY
• Situated on 2.45 acres with 24,392 SF of building area.
• This property is positioned at the signalized intersection of M-55 and M-18 in Prudenville, MI, offering premium visibility and accessibility.
• Surrounded by strong traffic volumes including 12,673 VPD on W Houghton Lake Drive and 4,000 VPD on S Gladwin Road NW, supporting strong retail demand.
• Strategically positioned near major retailers in the Houghton Lake and Prudenville corridor, including Walmart Supercenter, Family Fare Supermarket, Home Depot, Dollar
General, Walgreens, Subway, O’Reilly’s Auto Parts, Verizon, Gill-Roy’s Hardware, McDonald’s, Arby’s, and numerous local restaurants and service providers.
• The site benefits from strong regional draw and consistent year-round traffic.
• Ideal for redevelopment or continued use, the building is currently owner-occupied and suitable for investors, retailers, or grocers.
• Previously occupied by a supermarket with 76 surface parking spaces and a parking ratio of 3.12/1,000 SF.
• Zoned Commercial, allowing for flexible future use
• This property is positioned at the signalized intersection of M-55 and M-18 in Prudenville, MI, offering premium visibility and accessibility.
• Surrounded by strong traffic volumes including 12,673 VPD on W Houghton Lake Drive and 4,000 VPD on S Gladwin Road NW, supporting strong retail demand.
• Strategically positioned near major retailers in the Houghton Lake and Prudenville corridor, including Walmart Supercenter, Family Fare Supermarket, Home Depot, Dollar
General, Walgreens, Subway, O’Reilly’s Auto Parts, Verizon, Gill-Roy’s Hardware, McDonald’s, Arby’s, and numerous local restaurants and service providers.
• The site benefits from strong regional draw and consistent year-round traffic.
• Ideal for redevelopment or continued use, the building is currently owner-occupied and suitable for investors, retailers, or grocers.
• Previously occupied by a supermarket with 76 surface parking spaces and a parking ratio of 3.12/1,000 SF.
• Zoned Commercial, allowing for flexible future use
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
24,392 SF
Building Class
C
Year Built
1951
Price
$600,000
Price Per SF
$24.60
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.23
Lot Size
2.45 AC
Zoning
C - Commercial for flexible future use.
Parking
76 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 003-014-010-0101 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $291,500 |
PROPERTY TAXES
Parcel Number
003-014-010-0101
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$291,500
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