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    815 Shelden Ave Houghton, MI 49931

    For Sale
    $475,000

    High-traffic location, versatile space, great views.

    Property size:
    4,470 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 4,470 square foot industrial property at 815 Shelden in Houghton, MI, presents a unique investment opportunity. Situated on a 0.09-acre lot, this prime location boasts unparalleled visibility, being the first business encountered upon entering downtown Houghton. Its strategic placement next to the Hampton Inn, Krist, Bigby's, and Jimmy John's ensures high foot traffic and exposure. The building itself offers a versatile layout, including an unfinished basement, a main floor commercial space ideal for a variety of businesses, and two spacious apartments on the second floor – one with two bedrooms and the other with one. Each floor encompasses approximately 2,235 square feet, totaling over 6,700 square feet of usable space. The property benefits from convenient access from both sides of US-41, providing easy ingress and egress. On-site parking is available, and stunning views of Mt. Ripley add to the property's appeal. Its proximity to College Avenue ensures accessibility to Michigan Technological University students, offering a significant potential customer base. This property's combination of prime location, versatile space, and attractive features makes it an exceptional investment opportunity with endless possibilities. Priced at $475,000.

    Property Features for 815 Shelden Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    4,470 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1919
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nitro Consulting Inc. Computer Support And Services cork & beans wine ... Wine Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houghton
    County
    Houghton
    State
    Michigan
    Longitude
    -88.56313
    Latitude
    47.12158

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    FAQs

    What type of property is this?
    Industrial property - High-traffic location, versatile space, great views.
    Where is this industrial property located?
    The property is located at 815 Shelden Ave Houghton, MI.
    What is the asking price?
    The asking price for this property is $475,000.
    (906) 523-5575
    Request Owner's contact information
    815 Shelden Ave Houghton, MI 49931
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    Houghton, MI 49931
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    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
    815 Shelden Ave Houghton, MI 49931
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