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608 Shelden Ave 5,000 SF Office Building Houghton, MI 49931 $945,000 ($189/SF)
INVESTMENT HIGHLIGHTS
- Situated in downtown Houghton with access from Shelden Ave and Lakeshore Drive
- Features central air, fiber internet, and public parking
- 5,000 sq ft with remodeled interiors, including private offices and conference rooms
EXECUTIVE SUMMARY
Prime downtown Houghton location! This building has had extensive remodeling done and provides flexibility in floor plan and use. The main level has access from the main street, Shelden Ave, and the lower level has direct access from Lakeshore Drive. There is potential have use as one unit or separate the upper and lower levels into two units. The main level has one large open area 2 private offices, restroom and kitchenette area. The lower area has large conference room, 1 private office, one office/reception area, 2 restrooms and 2 storage rooms (potential additional private offices). Since 2019 the owners have invested in a new roof (6+/- years), flooring, bathrooms, some windows, insulation on interior ceiling, interior painting, exterior painting and floorplan redesign. There is a very modern feel to the property which allows for customization for your use. Fiber internet is connected to the building. There is public parking along Shelden Avenue. The property has approximately 3 to 6 parking spaces (depending on automobile size) in the back of the building. City dumpster access is located on the lower back side of the building (subject to City terms and conditions). Central air services main level only. MDIs (current occupant) new business model and expansion allows the team to shift toward remote work. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect & verify all aspects of the property & bares 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 reassessment and buyer should NOT assume that buyers tax bills will be similar to the sellers current tax bills. Sellers may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property. OFFERS: 72 hours response time requested on offers. Seller, at sellers sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
5,000 SF
Building Class
C
Year Built
1959
Price
$945,000
Price Per SF
$189
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,500 SF
Building FAR
1.28
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial
Parking
15 Spaces (3 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 052-213-007-50 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $137,156 |
PROPERTY TAXES
Parcel Number
052-213-007-50
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$137,156
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608 Shelden Ave
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