Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    901 Razorback Dr Houghton, MI 49931

    For Sale
    $3,950,000

    12-unit plaza, high-traffic location, strong leases.

    Property size:
    18,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity presents a 12-unit commercial plaza ideally situated in Houghton, MI, at 901 Razorback. Boasting 18,750 square feet on a 2.44-acre lot, this property enjoys a prime location in a high-traffic area with excellent visibility. The plaza benefits from consistent occupancy and several long-term leases, providing immediate cash flow. Recent significant upgrades include complete rooftop HVAC unit replacements (2022-2024), a new silicone roofing system with a 12-year warranty (2024), asphalt maintenance (2024), and exterior painting (2023). Ample on-site parking ensures convenient access for tenants and their customers. One unit features a drive-thru, historically occupied by a financial institution. The diverse tenant mix includes financial, retail, food service, and general business services. Access is convenient via Sharon Avenue and Razorback Drive, with proximity to UP Health System, restaurants, shopping, and Michigan Technological University. The property's location places it within a key traffic pattern leading to larger retail centers. Existing leases are transferable to the buyer. Lot dimensions are approximately 39x247x303x314x125x14x31x59x162x140 feet. All information is believed accurate but not warranted

    Property Features for 901 Razorback Dr

    General Information

    Property type
    Industrial properties
    Square Feet
    18,750 SF
    Lot Size
    106,286 SF

    Building Details

    Year Built
    1995
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houghton
    County
    Houghton
    State
    Michigan
    Longitude
    -88.58659
    Latitude
    47.1131

    Nearby Comparable

    • $3,950,000

      Houghton Commercial Plaza

      High-Traffic 12-Unit Investment
      901 Razorback Dr, Houghton, MI 49931
      View Details
    • $1,250,000
      4,800 SF

      Houghton Industrial Property

      Prime Houghton location, 4800+ sq ft.
      912 Razorback Dr, Houghton, MI 49931
      View Details
    • $499,900
      75.95 Acres

      Houghton Vacant Land Opportunity

      75+ acre vacant land parcel in Houghton, Michigan.
      Tbd Off Cedar, Houghton, MI 49931
      View Details
    • New
      $343,000
      9.00 Acres

      Houghton Commercial Land For Sale

      8.7 acre commercial property in Houghton, MI ready for development.
      47663 Main St, Houghton, MI 49931
      View Details
    • $343,000
      8.70 Acres

      Houghton Vacant Commercial Land Available

      8.7 acre vacant commercial property in Houghton, Michigan.
      47663 Main St, Houghton, MI 49931
      View Details
    • $240,000

      Hancock Commercial Land Opportunity

      $240,000 - Mixed-Use Potential in Hancock, MI
      209 Montezuma St, Hancock, MI 49930
      View Details

    Nearby Similar for Sale

    • $2,443,779
      3,039 SF

      New Retail Property For Sale

      New construction retail property with long-term lease and rental escalations.
      1006 W Sharon Ave, Houghton, MI 49931
      View Details
    • $1,250,000
      4,800 SF

      Houghton Industrial Property

      Prime Houghton location, 4800+ sq ft.
      912 Razorback Dr, Houghton, MI 49931
      View Details
    • $475,000
      4,470 SF

      Downtown Houghton Industrial Gem

      High-traffic location, versatile space, great views.
      815 Shelden Ave, Houghton, MI 49931
      View Details

    FAQs

    What type of property is this?
    Industrial property - 12-unit plaza, high-traffic location, strong leases.
    Where is this industrial property located?
    The property is located at 901 Razorback Dr Houghton, MI.
    What is the asking price?
    The asking price for this property is $3,950,000.
    (906) 482-0001
    Request Owner's contact information
    901 Razorback Dr Houghton, MI 49931
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    901 Razorback Dr
    Houghton, MI 49931
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    901 Razorback Dr Houghton, MI 49931
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.