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407 W Memorial Dr 8,144 SF 100% Leased Retail Building Houghton, MI 49931 $439,000 ($53.90/SF)
Investment Highlights
- Prominent frontage along M-26/Memorial Drive near downtown Houghton’s main corridor.
- Cleared and heated through winter, offering immediate adaptability for redevelopment.
- Located near Michigan Tech and local retail, dining, and hospitality destinations.
- Expansive views of the Portage Canal and Houghton Lift Bridge from the upper levels.
- Includes a large unheated garage providing flexible storage or operational capacity.
- Accessible city services with utilities connected, plus nearby grant opportunity resources.
Executive Summary
This unique three-story commercial property in downtown Houghton represents an adaptable redevelopment or owner-user opportunity. Positioned along M-26/Memorial Drive, the site benefits from high visibility, strong traffic exposure, and sweeping views north and west over the Portage Canal and the iconic Houghton Lift Bridge. With its cleared interior and maintained utilities, the property offers a blank canvas for developers or entrepreneurs to execute their vision.
The structure includes an attached 2,800-square-foot garage area with interior access, enhancing functional possibilities for storage or operational support. Its zoning flexibility allows for a range of potential uses such as retail storefronts, mixed-use conversion, or creative commercial concepts. The City of Houghton offers a collaborative business environment and may provide resources for grant opportunities. Proximity to the Michigan Technological University campus, vibrant downtown amenities, and regional transportation corridors further amplify the site's appeal.
The structure includes an attached 2,800-square-foot garage area with interior access, enhancing functional possibilities for storage or operational support. Its zoning flexibility allows for a range of potential uses such as retail storefronts, mixed-use conversion, or creative commercial concepts. The City of Houghton offers a collaborative business environment and may provide resources for grant opportunities. Proximity to the Michigan Technological University campus, vibrant downtown amenities, and regional transportation corridors further amplify the site's appeal.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,144 SF
Building Class
C
Year Built
1900
Price
$439,000
Price Per SF
$53.90
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.10
Lot Size
0.17 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 052-264-005-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $179,493 |
Property Taxes
Parcel Number
052-264-005-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$179,493
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407 W Memorial Dr