901 Razorback Dr Houghton, MI 49931
- Commercial real estate
- 2.44 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 901 Razorback Dr
- Lot size
- 2.44 lot acres
- Property type
- Commercial real estate
- APN
- 052-185-002-70
- APU
- 5218500270
Description
This exceptional investment opportunity presents a 12-unit commercial plaza ideally situated in Houghton, MI, at 901 Razorback. Boasting 18,750 square feet on a 2.44-acre lot, this property enjoys a prime location in a high-traffic area with excellent visibility. The plaza benefits from consistent occupancy and several long-term leases, providing immediate cash flow. Recent significant upgrades include complete rooftop HVAC unit replacements (2022-2024), a new silicone roofing system with a 12-year warranty (2024), asphalt maintenance (2024), and exterior painting (2023). Ample on-site parking ensures convenient access for tenants and their customers. One unit features a drive-thru, historically occupied by a financial institution. The diverse tenant mix includes financial, retail, food service, and general business services. Access is convenient via Sharon Avenue and Razorback Drive, with proximity to UP Health System, restaurants, shopping, and Michigan Technological University. The property's location places it within a key traffic pattern leading to larger retail centers. Existing leases are transferable to the buyer. Lot dimensions are approximately 39x247x303x314x125x14x31x59x162x140 feet. All information is believed accurate but not warranted
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houghton
- County
- Houghton
- State
- Michigan
- Longitude
- -88.5852
- Latitude
- 47.1124
- CBSA code
- 26340
- CBSA name
- HOUGHTON, MI MICROPOLITAN STATISTICAL AREA
