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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

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.
More about this property
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