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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    815 Shelden Ave, Houghton, MI 49931-1839

    0.09 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-3296635
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.09 ac (4,008 SF)
    APN 052-226-001-50
    UPID US43-3296635
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nitro Consulting Inc. Tech Support Center IT Consulting Firm
    • cork & beans wine lounge Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    BIGFOOT HOLDINGS LLC
    BIGFOOT HOLDINGS LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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