901 Razorback Dr Houghton, MI 49931-2801
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.