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    912 Razorback Dr Houghton, MI 49931

    Sponsored
    For Sale
    $1,250,000

    Prime Houghton location, 4800+ sq ft.

    Property size:
    4,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional industrial property in Houghton, MI, presents a unique investment opportunity. Boasting approximately 4,800 square feet of flexible space, the building offers a mix of open areas and private offices, allowing for customization to suit various business needs. The potential exists to create multiple units, subject to city regulations. Strategically located on a 1.06-acre corner lot, this property enjoys high visibility and excellent traffic flow, situated near major retailers such as Walmart, hotels, restaurants, and a bowling alley, ensuring significant exposure. The building currently features three heating/cooling systems for zoned climate control and ample parking for approximately 18 vehicles. The lot dimensions are approximately 102x246x29x46x100x93x84x189 feet, with the site depth being an estimate based on average measurements. The property is being sold as-is, with the building only

    Property Features for 912 Razorback Dr

    General Information

    Property type
    Industrial properties
    Square Feet
    4,800 SF
    Lot Size
    46,174 SF

    Building Details

    Year Built
    2015
    Property Profile Location Intelligence

    Current Use by Public Records

    Keweenaw Gem and Gift, ... Gift Shop

    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
    -88.58649
    Latitude
    47.10853

    Nearby Comparable

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      Houghton Commercial Plaza

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    Nearby Similar for Sale

    • $2,443,779
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      New Retail Property For Sale

      New construction retail property with long-term lease and rental escalations.
      1006 W Sharon Ave, Houghton, MI 49931
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    • $3,950,000
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      Houghton Industrial Plaza Investment

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

    What type of property is this?
    Industrial property - Prime Houghton location, 4800+ sq ft.
    Where is this industrial property located?
    The property is located at 912 Razorback Dr Houghton, MI.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (906) 482-0001
    Request Owner's contact information
    912 Razorback Dr 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
    912 Razorback Dr Houghton, MI 49931
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