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Property profile & analytics
OFF-MARKET
Commercial real estate

901 Razorback Dr Houghton, MI 49931-2801

2.44 ac lot
Individually Owned 13-yr Hold Free & Clear
Property ID
US43-3508166
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.44 ac (106,286 SF)
APN 052-185-002-70
UPID US43-3508166
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sharon Centre · 13 yrs held
Sharon Centre
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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