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$ 3,950,000
Est. payment /mo
Active
901 Razorback Drive Houghton, MI 49931
18,750 SqFt
UPDATED:
11/26/2024 04:31 PM
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
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