Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1006 W Sharon Ave Houghton, MI 49931

    For Sale
    $2,443,779

    New construction retail property with long-term lease and rental escalations.

    Property size:
    3,039 SF
    Lot size:
    0.54 Acres

    Property Features for 1006 W Sharon Ave

    General Information

    Size
    3,039 SF
    Lot size
    0.54 Acres

    Source: Matthews Real Estate Investment Services | Walnut Creek Agent Vincent Tanzi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Property For Sale

    This newly constructed property, completed in 2023, is available for sale. It features a long-term absolute net lease with an initial term of approximately 20 years, offering stable cash flow and minimal landlord responsibilities. The lease includes 2% annual rent increases throughout the primary term, enhancing long-term income growth. The property is strategically located between Marketplace Foods and a Community Church, benefiting from consistent local traffic and visibility. It is surrounded by nationally recognized tenants including Culver’s, Pizza Hut, Taco Bell, Holiday Inn, Walgreens, and McDonald’s, reinforcing the area’s retail draw. The modern construction quality minimizes near-term capital expenditure requirements. The property is suitable for retail and specialty purposes.
    Insight Report Location Intelligence

    Current Use by Public Records

    KFC - Coming Soon Chicken Restaurant

    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
    -88.560514
    Latitude
    47.112406

    Nearby Similar for Sale

    • $1,250,000
      4,800 SF

      Houghton Industrial Property

      Prime Houghton location, 4800+ sq ft.
      912 Razorback Dr, Houghton, MI 49931
      View Details
    • $475,000
      4,470 SF

      Downtown Houghton Industrial Gem

      High-traffic location, versatile space, great views.
      815 Shelden Ave, Houghton, MI 49931
      View Details
    • $3,950,000
      18,750 SF

      Houghton Industrial Plaza Investment

      12-unit plaza, high-traffic location, strong leases.
      901 Razorback Dr, Houghton, MI 49931
      View Details

    FAQs

    What type of property is this?
    Storefront property - New construction retail property with long-term lease and rental escalations.
    Where is this storefront property located?
    The property is located at 1006 W Sharon Ave Houghton, MI.
    What is the asking price?
    The asking price for this property is $2,443,779.
    What are key features of this property?
    This property features: - ±20-year absolute net lease: enjoy stable, long-term cash flow.; - 2% annual rent increases: hedges against inflation.; - New construction (2023 delivery): minimizes near-term capital expenditures.
    (408) 832-7076
    Request Owner's contact information
    1006 W Sharon Ave Houghton, MI 49931
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1006 W Sharon Ave
    Houghton, MI 49931
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1006 W Sharon Ave Houghton, MI 49931
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.