Homes for sale - 901 Razorback Drive, Houghton, MI 49931

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David Godin

davidgodin@hotmail.com +1(586) 416-0600

$ 3,950,000

Est. payment | -/mo

18,750 SqFt

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$ 3,950,000

Est. payment | -/mo

Save

18,750 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 18,750 sqft

Price per Sqft $210

MLS Listing ID 50161260

Year Built 1995

Annual Tax Amount $36,573

Tax Year 2023

Lot Size 2.440 Acres

Acres 2.44

Lot Dimensions Irregular

Property Sub-Type Commercial/Industrial

Property Description

CITY OF HOUGHTON - INVESTMENT OPPORTUNITY! This 12 unit plaza is located in a premiere high traffic area with great exposure. Owner has consistent occupancy history and several longer term leases. Updates to the building include all units rooftop HVAC units (2022-2024), silicone roofing system with 12 year warranty (installed 2024), asphalt maintenance (2024) and exterior painting (2023). Onsite parking provides easy access for businesses occupying the units. One end unit includes drive-thru and has historically been rented to a financial institution. Current tenants are a mix of financial, retail, food service and general business services. Access to the property is via Sharon Avenue and Razorback Drive. Nearby businesses include UP Health System fitness center and clinic, various restaurants and shopping. Good traffic flow from West Houghton along Sharon Avenue to East Houghton and Michigan Technological University. Also, located in the traffic pattern leading to larger retail. Existing leases to transfer to buyer. Lot size: 39x247x303x314x125x14x31x59x162x140+/-. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect & verify all aspects of the property & bears all risks for any inaccuracies including but not limited to estimated acreage, lot size, square footage, utilities (availability & costs associated). Real estate taxes are subject to change (possibly significant), property will be reassessed by the municipality after sale is completed & buyer should NOT assume that buyer's tax bills will be similar to the seller's current tax bills. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines. Traffic Data State of Michigan: https://arcg.is/1Lm9z00 Photos: Interior photos are sample of units during a time when they were unoccupied. Non-Disclosure Agreement and Prequalification/Proof of Funds required for showings and review of financials and lease information.

Location

State MI

County Houghton

Area Houghton (31014)

Zoning Other

Interior

Heating Forced Air

Cooling Central A/C

Exterior

Parking Features 100+ Spaces, Parking Lot

Roof Type Rubber

Building

Foundation Slab

Water Public Water

Structure Type Block

Others

Ownership LLC

SqFt Source Assessors Data

Energy Description Natural Gas

Financing Cash,Commercial Loan

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by CENTURY 21 AFFILIATED

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+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

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