912 Razorback Drive
Houghton, MI, 49931 $ 1,995,000
Baths0.0 Sq 4,800 Monthly Estimate*
$ 13,936
Studio
for $1,995,000. This 4,800 square foot building was built in 2015 on a lot size of 1.06.
Keweenaw Gem and Gift â A well known local gift shop which also has expansive reach into the rock and gem world throughout the United States! As the owners plan their retirement, they are seeking the next owner and operator of this successful business which has three sites of operation with the main retail/business office being in Houghton, rock production shop in Dollar Bay and bismuth and copper art production shop in Lake Linden. The Houghton store/office is 4,800+/- sf and has a prime location in Houghton on a corner lot near Wal-Mart, 2 hotels, restaurants, bowling alley and retail stores providing great traffic flow and exposure. The Dollar Bay workshop is 3,600+/- sf with various work areas including processing, painting, buffing/grinding, saw and crushing areas/rooms. The Lake Linden shop is 1,440+/- sf with production room, shipping and painting areas. Operations include wholesale and retail sales in Houghton, online sales and attending numerous shows throughout the year. Features on main listing apply to the Houghton site. Houghton: Lot dimensions: 102x246x29x46x100x93x84x189+/- Site Depth: Is estimated based on average. Dollar Bay: Approx. 0.71+/- acre, well & septic, natural gas forced air heat, 110 & 220 electrical, ventilation in painting rooms, air compressor piping to most work areas, 5.6+/- miles from Houghton store. Lake Linden: Apprx 0.45+/- acre, township water & sewer, natural gas forced air heat, apprx. 12.5 miles from Houghton store, newer roof & double pane windows. All info believed accurate but not warranted. Buyer recommended to inspect all aspects of the property, verify all info & bears all risks for any inaccuracies. Tax info is subject to change (possibly significant) & property will be reassessed by the municipality after sale is completed. All measurements (acres, lot size, square footage etc) are estimated. Buyer to verify utilities, including availability. Video/Audio recording devices may be present. Prequal & NDA required.
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FeaturesGeneralHeating Forced Air
Cooling Central A/C
Roof Asphalt
Exterior Features Fence Owned
Zoning Houghton: B-3 Other
Water Public Water
Status Active Active
Year Built 2015
Parking 11-20 Spaces Parking Lot
Subdivision Huron Creek MI
Water Heater Gas
County Houghton
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Type Retail/Wholesale/Lapidary
Business Name Keweenaw Gem and Gift
Percent Ownership Private
Municipality Houghton
Commercial Features Cable TV Available Carpet Private Restrooms Public Restrooms Sprinkler System Smoke/Fire Alarm
Area Houghton (31014)
Primary City Houghton
Location Corner Lot
Directions M26 to Razorback Drive L at light (by Wal-Mart) L on Razorback on L
City Houghton
Street Name Razorback
Financial Terms Cash Commercial Loan
Legal Description PRT OF LOT 11 HURON CREEK LYING W OF RELOCATED RAZORBACK DR DES AS FOL: BEG AT THE SW COR OF SD LOT 11; TH N 02 DEG 14'40 W ALONG THE W LINE OF SD LOT
DOM 179
Postal Code 49931
Price Per Sq Ft 415.63
Coming Soon Keweenaw Gem and Gift â A well known local gift shop which also has expansive reach into the rock and gem world throughout the United States! As the owners plan their retirement
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ExteriorExterior Other
Frontage 348
Lot Size Area 1.06
Lot Dimensions Lengthy See Map
Water Features None
Roads City/County Paved Street Year Round
Waterfront Y/N No
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* Excluded FeaturesList ByKRISTINE WEIDNER (JUKURI)Listing Agent
Century 21 AffiliatedBroker
Kristine.Weidner@c21affiliated.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $13,936
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Houghton, MI
Average List Price $898,333
Percent of Sale Price 55%
About Houghton, MI 7,192 Population
-2% Since 2002
$ 33,206 Median Income
24.56 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/27/2023 | $1,995,000 | | Listed Price |