Property profile

47663 Main St Houghton, MI 49931

FOR SALE
Commercial land
Property ID
US43-3414715
8.7 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is an 8.7-acre vacant commercial parcel located in Hurontown, immediately south of the City of Houghton, within Portage Township in Michigan’s Upper Peninsula. It is positioned near community amenities and services, including proximity to Hurontown Fire and Rescue (about three blocks), Houghton Elementary School (about a quarter mile), Houghton High School (about a half-mile), and multiple shopping and medical destinations (with Copper Country Mall and a Walmart Super Center approximately one mile away), and it abuts the Huron town Recreation Area. The parcel is zoned B2 (General Business District) and is suitable for a range of development and redevelopment uses, including office buildings, data centers, stand-alone or connected retail, multifamily and subsidized housing, student housing, educational facilities, residential units with lower-level commercial space such as shops and restaurants, co-working or office uses, warehouse and cold storage, light manufacturing, and hospitality-related development.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 8.7 ac (378,972 SF)
APN 010-251-001-50
UPID US43-3414715

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sports School Sports Field & Court

Location

47663 Main St Houghton, MI 49931
Houghton metro Census 900 HOUGHTON, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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