815 Shelden Ave, Houghton, MI 49931-1839
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.
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Nitro Consulting Inc. Tech Support Center IT Consulting Firm
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cork & beans wine lounge Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.