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901 RAZORBACK DRIVE
HOUGHTON, MI 49931

$3,950,000
MLS# 50161260

 

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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
901 RAZORBACK DRIVE
Houghton, MI 49931

County: Houghton

School District:

Property Tax Area: Houghton (31014)

Waterfront: No
Water View:
Shoreline:

Road Access: City/County,Paved Street,Year Round

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DETAILS
Business Type Businesses not included
Total Buildings
Total Building Square Feet 18750.00
Lot Dimensions Irregular
Year Built (Approx.) 1995
Status: Active
 
 
BUILDING & CONSTRUCTION

Foundation: Slab

 

Basement: No

Construction: Block

Garage:

Fireplace:

 

Exterior:

Outbuildings:

 

Accessibility:

First Floor Bath:

 

First Floor Bedroom:

Foundation: Slab

 

Basement: No

Green Features:

 

Extras:

 
UTILITIES, HEATING & COOLING

Electric:

 

Natural Gas:

Sewer: Public Sanitary

Water: Public Water

Cable:

 

Telephone:

Propane Tanks:

 

Air Conditioning: Central A/C

Heat: Natural Gas: Forced Air

 

Supplemental Heat:

 
 
 
PAYMENT CALCULATOR
Loan Amount:
(enter numbers only)
Interest Rate: %
Repayment Period: YEARS
   
MONTHLY PAYMENT
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* The Monthly Payment amount calculated may vary from the actual payment amount. Always consult your financial institution for actual amounts.
 
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Listing Office:
Century 21 Affiliated

Listing Agent:
Weidner (jukuri), Kristine

 
 
 

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