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$425,000
201840270 MLS
The iconic Navajo Trading Post in Houghton Lake -- One of the area's only dedicated gift store -- is now available! This unique commercial/residential waterfront property is located on the desirable southwest side of Houghton Lake and offers endless potential for investors, entrepreneurs, or anyone looking to live and work in one exceptional location. Zoned commercial waterfront, the property features 138 feet of canal frontage with direct access to Houghton Lake. All five boat slips are currently rented for the season. One of the oldest buildings in Houghton Lake, this spacious property offers incredible flexibility for a wide variety of commercial opportunities. Permitted uses include motels, retail shops, restaurants, and single-family dwellings. Special exception uses may include condominiums, microbreweries, and marinas. Contact an agent or Lake Township for a complete list of approved uses. The rear portion of the building is currently utilized as residential living quarters and storage space, creating the perfect opportunity for an owner-operator setup. Whether you're looking to expand a business, invest in waterfront property, or bring a new vision to life in one of Northern Michigan's most recognizable locations, this property is a must-see!

8848 State Ave, Houghton Lake

$145,000
201840231 MLS
29.7 acres of rare B-2 zoned property for sale in the Vanderbilt area. Frontage on Old 27 N Hwy. Your sign on this property could be seen from I-75. MDOT '24 traffic counts are 3919/day on Old 27 & on I-75, it's 16,520/day. 18.5+/- acres of flat, high ground; 11.2+/- acres of low-ground with Club Stream running through from west to east. Natural gas is at the SE corner, Consumers electricity is adjacent. 1.2 miles on Old 27 Hwy from I-75 Exit 290 to the property. Easement along existing 2-track to be granted to sellers' adjacent-west ''Parcel A'' & their billboard lessee. Offers must reference the Legal Description & Easement Grant to be recorded at the closing. Both files should also be included as exhibits in the offer. There's also a vacant land listing, MLS 201840230.

Parcel C Parcel C Old 27 N. Highway, Vanderbilt

$339,000
201840160 MLS
Maplewood Tavern - A Beloved Alpena Landmark Ready for Its Next Chapter. Steeped in decades of local history, Maplewood Tavern stands as one of Alpena's most recognizable gathering spots, a place where stories are shared, milestones celebrated, and community ties strengthened. This iconic property blends small-town nostalgia with the rare opportunity to own a piece of Northeast Michigan's heritage. Inside, you'll find the classic tavern layout that locals remember: a welcoming bar, open seating, and the kind of warm, lived-in character that only time can create. The building offers solid bones, flexible space, and a layout that lends itself to multiple visions...see additional remarks Whether you're dreaming of reopening a neighborhood bar, creating a rustic event venue, or transforming it into a fresh new concept that honors its past. Situated just outside Alpena, Maplewood Tavern offers the charm of a rural setting with the convenience of nearby traffic flow. With its recognizable name, long-standing reputation, and authentic "up north" feel, this property is perfectly positioned for a thoughtful restoration or creative reimagining. Highlights Historic local landmark -- decades of community memories Authentic vintage character -- classic tavern layout and charm Flexible commercial potential -- bar, event space, or new concept Recognizable name -- built-in nostalgia and community connection Convenient Alpena-area location -- rural feel with accessible traffic Includes buildings, liquor license, inventory, and most collections

7930 French Rd, Alpena

$119,900
201840047 MLS
Discover these upscale storage condos designed with a sleek modern exterior and a finished interior, ready for all of your Up North toys and equipment. This versatile basic model features insulated walls, overhead lighting, two electrical outlets, and a convenient service door. The oversized 16' x 16' overhead door with LiftMaster opener provides easy access for boats, RVs, trailers, and more. Offering 1,440 square feet of open space, this unit is a blank canvas with roughed-in plumbing, allowing for future customization and upgrades to fit your needs. Outside, enjoy two designated parking spaces, shared common areas, and a prime location with easy access to M-68, just minutes from I-75 and downtown Indian River.

5384 Commerce Blvd, Indian River

$850,000
201839916 MLS
Unmatched Visibility. Endless Possibilities. Secure the most coveted retail footprint in the market today! Don't wait - your competition won't! Opportunities like this just don't happen; they are seized. This is a rare chance to claim a high-stakes, high-impact location in the most dominated retail corridor in the area. Fronting Wal-Mart Super Center, the largest anchor store in the region, this property puts your brand directly in the path of the highest daily traffic count available. Surrounded by retail and fast food eating, if you want to be where the people are, this is the spot. 7,000 SQ.FT. OF PURE POTENTIAL. Featuring massive, free-span construction, this space offers the ultimate blank canvas. There are no poles or barriers to limit your vision - just 7,000 sq.ft of wide-open opportunity. WHY THIS LOCATION IS A GUARANTEED WINNER: *The Traffic Magnet: Directly faces the area's #1 anchor store. You aren't just buying space, you're buying an audience. *Maximum Accessibility: 37 dedicated, paved parking spaces ensure your customers never have to look for a place to park. *Absolute Versatility: Whether you need a massive flagship store for Trade/DIY, Automotive, or Marine Retail, or you want to subdivide into a high-end Urgent Care Clinic, multiple boutique offices, or a sports-related recreational layout, this is yours to command. *The Best Numbers In The City: Boasting the highest daily traffic count in the area, your marketing practically does itself. *Convenient Location: to I-75, US4131 and the Upper Peninsula. FLEXIBLE TERMS - BUILT FOR SUCCESS The seller is motivated and ready to move! We are offering Triple Net (NNN) lease options or a full purchase opportinity. Whether you are a corporate franchise, a medical group, or a growing entrepreneur, we have the flexibility to structure a deal that works for you.

11617 N Straits Hwy, Cheboygan

$324,900
201839889 MLS
Own a true downtown showpiece in the heart of Grayling. The Historic Salling Hanson & Co. Building is a beautifully executed 2024-2025 restoration that blends turn-of-the-century character with today's expectations creating a rare, income-producing mixed-use opportunity with immediate upside. The street-level commercial suite is an absolute stunner: refinished original wood floors, exposed brick, high original pressed-tin ceilings, fresh lighting/electrical, wainscoting accents, and brand-new oversized windows that flood the space with natural light and deliver exceptional visibility. A standout feature you almost never find, an authentic walk-in historic vault adds instant story, security, and ''wow'' factor for premium retail, gallery, office, or a destination concept. Upstairs, a bright open-concept residential loft offers flexibility for an owner-occupant or continued rental income. A lease is already in place generating $1,500/month, providing cash flow from day one. Positioned in vibrant downtown Grayling, this is a prime opportunity to secure a signature building that feels like it belongs in a much larger market that is turnkey, distinctive, and ready to perform. Grayling sits directly on I-75, just north of where US-127 merges into I-75, making downtown highly accessible to both locals and visitors passing through Northern Michigan. This location is poised to benefit from major momentum already underway in downtown Grayling. The nearby Sawmill Lofts project, an $18.3M mixed-use redevelopment bringing 40 apartments plus 4,000 SF of commercial space, is expected to complete in 2026, adding residents, energy, and built-in demand for downtown businesses. Grayling continues investing in downtown vibrancy and placemaking through Main Street/DDA initiatives, including wayfinding and event-support infrastructure that strengthens the customer experience and supports walkability. Investment/Use Potential (examples): boutique retail, specialty food, outfitter/guide HQ, tasting room, coffee concept, creative studio/gallery, wellness office, professional services, or a premium destination showroom with the vault as an unforgettable branding element. Pair that with a leased upstairs and you have a compelling combination of authenticity + income + downtown upside. Turnkey. Historic. High-visibility. Schedule your showing and secure one of downtown Grayling's most striking restored buildings--ready to generate returns now while positioned for the next wave of growth.

110 E Michigan Ave, Grayling

$47,250
201839827 MLS
Calling all investors and contractors! Here's an incredible commercial opportunity in the heart of Alcona County! This 6,392 sq ft commercial building sits on 2.33 acres right off US-23, offering high visibility at a well-traveled intersection directly across from Chippewa Point Grocery. With Hubbard Lake just under 10 miles away and steady seasonal traffic, the location alone makes this a standout investment. The block construction building features multiple private office spaces, men's and women's restrooms, a large open warehouse area, and a box truck access port -- giving this property serious versatility for a wide range of commercial uses. Whether you're looking to open a retail operation, service business, storage units, or redevelop entirely, bring your vision and make it happen!

Par A N F, Spruce

$530,000
201839817 MLS
This beautiful downtown building still has original brick work on the upper level and is perhaps the best preserved Italianate storefront in Downtown Alpena. The space on the lower level is ready for your downtown business, whether it's retail space, office space, etc. Whatever you choose, it's a wonderful space that you can make your own. The building is handicap accessible with an elevator to the upper level apartment. The upstairs is a beautifully renovated apartment that has an open concept living/dining/kitchen area where amazing light pours in through the skylights. There are two bedrooms, one with huge closets and an ensuite with walk in shower. Tons of storage on both levels. Also, the roof has been sealed and there is still a warranty on it. This is a fabulous downtown location!

105 N 2nd Ave, Alpena

$349,900
201839489 MLS
Priced to Sell! Bolton Ridge Bar and Grill, a popular local establishment and seats up to 145 patrons. The ridge offers a bar area separate from the dining area, full kitchen with pizza oven, stage, dance floor and fenced in area with horseshoe pits, cornhole games and picnic tables. Class C Liquor License is included in the sale and allows serving of alcohol in the fenced in outdoor area. Current owners have spent their time of ownership making MANY improvements and updates to the property with MAY new items purchased for the kitchen, Nbar and dining area, as well as work done outside. The Ridge has established a huge following on social media with weekly events, specials and live music that attract a high volume of patrons.

9101 S Bolton Rd, Posen

$899,999
201839313 MLS
Super unique property offering the perfect blend of luxury, fun, and functionality! This one-of-a-kind home features multiple en suites, making it ideal for hosting guests or maximizing rental potential. Designed with entertaining in mind, you'll love the outdoor putting green, stunning rooftop deck, and inviting spaces throughout. The impressive 50x80 attached shop includes a built-in lounge area--perfect for hobbies, storage, or a business setup. This property is ready to operate as a successful Airbnb, private vacation retreat, or full-time residence for someone needing extra space. Enjoy beautiful views of Houghton Lake as well! Whether you're looking for an investment opportunity or a truly unique home, this property delivers!

5783 W Houghton Lake Dr, Houghton Lake

$199,900
201839250 MLS
Commercial dwelling, which is designed for functionality and comfort, featuring a spacious sitting area, two large offices, and an additional gathering space complete with a cozy fireplace. The property is immaculate and move-in ready, currently serving as a commercial office. Additional features include a two-car garage, a welcoming front porch, and a patio for outdoor relaxation. Its strategic location, just 1/2 mile south of the Inland Lakes Schools, offers excellent Class A highway exposure. The property is ideally situated near popular recreational attractions in the Indian River area, including Burt Lake, groomed snowmobile trails, the Sturgeon River, the North Central Trail system, and state land, making it a prime spot for both business and leisure.

4878 S Straits Hwy, Indian River

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