901 Razorback Drive # 901 Sharon Ave Houghton, MI $ 3,950,000
901 Razorback Drive # 901 Sharon Ave
$ 3,950,000
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901 Razorback Drive # 901 Sharon Ave

Houghton, MI, 49931
$ 3,950,000
Bedrooms-- Baths-- Sq 18,750

Monthly Estimate*

$ 24,643

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Commercial Property for sale in Houghton, MI

for $3,950,000. This 18,750 square foot building was built in 1995 on a lot size of 2.44.

CITY OF HOUGHTON - INVESTMENT OPPORTUNITY! This 12 unit plaza is located in a premiere high traffic area with great exposure. Owner has consistent occupancy history and several longer term leases. Updates to the building include all units rooftop HVAC units (2022-2024), silicone roofing system with 12 year warranty (installed 2024), asphalt maintenance (2024) and exterior painting (2023). Onsite parking provides easy access for businesses occupying the units. One end unit includes drive-thru and has historically been rented to a financial institution. Current tenants are a mix of financial, retail, food service and general business services. Access to the property is via Sharon Avenue and Razorback Drive. Nearby businesses include UP Health System fitness center and clinic, various restaurants and shopping. Good traffic flow from West Houghton along Sharon Avenue to East Houghton and Michigan Technological University. Also, located in the traffic pattern leading to larger retail. Existing leases to transfer to buyer. Lot size: 39x247x303x314x125x14x31x59x162x140+/-. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect & verify all aspects of the property & bears all risks for any inaccuracies including but not limited to estimated acreage, lot size, square footage, utilities (availability & costs associated). Real estate taxes are subject to change (possibly significant), property will be reassessed by the municipality after sale is completed & buyer should NOT assume that buyer’s tax bills will be similar to the seller’s current tax bills. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines. Traffic Data State of Michigan: https://arcg.is/1Lm9z00 Photos: Interior photos are sample of units during a time when they were unoccupied. Non-Disclosure Agreement and Prequalification/Proof of Funds required for showings and review of financials and lease information.

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Commercial Active

Price

$ 3,950,000

Property Type

Commercial

Taxes

$ 36,573

Style

Commercial/Industrial

Lot Size

2.44

Year Built

1995

Town/City

Houghton

County/Region

Houghton

MLS | Web ID

50161260

Features
General
Heating Forced Air
Cooling Central A/C
Roof Rubber
Zoning B-3 General Business: https://www.cityofhoughton.com/wp-content/uploads/2024/01/Zoning-Map-1-3-24.pd Other
Water Public Water
Status Active Active
Year Built 1995
Parking 100+ Spaces Parking Lot
Water Heater Gas
County Houghton
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Type Businesses not included
Ownership LLC
Municipality Houghton
Sale/Rent For Sale
Status Detail 0
Area Houghton (31014)
Location Bus Service Near Site Strip Center
Directions From M26/Sharon head East on Sharon On Right just after Razorback Drive
City Houghton
Financial Terms Cash Commercial Loan
Legal Description THAT PART OF LOT 20 OF THE HURON CREEK PLAT CITY OF HOUGHTON HOUGHTON COUNTY MICHIGAN ACCORDING TO THE PLAT RECORDED IN PLAT CABINET 3 FOLIO #255-257
DOM 383
Price Per Sq Ft Total AG 210.67
Public Remarks
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Exterior
Exterior Block
Frontage 345
Lot Size Area 2.44
Lot Dimensions Irregular
Water Features None
Roads City/County Paved Street Year Round
Waterfront Y/N No
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
KRISTINE WEIDNER (JUKURI)

Listing Agent

Century 21 Affiliated

Broker

Kristine.Weidner@c21affiliated.com

Email

Affordability Calculator

$27,691
Per Month
89%
11%
0%
Monthly Principal & Interest
$24,643
Monthly Property Taxes
$3,048
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/15/2024$3,950,000 Listed Price

Map


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901 Razorback Drive # 901 Sharon Ave, Houghton, MI, 49931 is a Commercial Property for sale at $3,950,000 with 18,750 sqft and a lot size of 2.44. 901 Razorback Drive # 901 Sharon Ave was built in 1995. The property's zip code is 49931 which is in Houghton, MI