208 E Montezuma Houghton, MI 49931
Listing Courtesy of: MIREALSOURCE / Century 21 Affiliated / Kristine Jukuri Weidner

  208 E Montezuma Houghton, MI 49931

Active (26 Days)
$950,000
5
BED
4
BATH
3,500
SQFT

Description

Downtown Houghton – Mixed use building in the heart of the City of Houghton! Building is currently set up as 2 commercial units and 2 residential units with 6 parking spaces in garage beneath the units. The location is fantastic located one block above the main Street of Houghton with restaurants, shopping, waterfront parks, trail along the lake, close to Michigan Tech and more! Unit 1 has 2 private offices, reception/waiting area, supply room and half bathroom. Unit two includes 3 offices, reception area and half bathroom. The third office has access options from either Unit 1 or 2, depending on the lease terms and currently included in Unit 2’s lease. Unit 3 is a 3 bedroom, 1 bathroom apartment with eat-in kitchen, living room. Unit 4 is a 2 bedroom, 1 bathroom apartment with eat-in kitchen and living room. Both residential units have granite counters, beautiful cabinetry and access to their own half of the deck overlooking the downtown building-scape, glimpses of the Portage Lake Lift Bridge, the hillside across the Portage and maybe even a glimpse of the water from some angles. Units 1, 3 and 4 have access through the drive under garage. Currently the 6 parking spaces are allocated: Unit 2 has 1, Unit 3 has 3 and Unit 4 has 2. Each unit has separate utilities that tenants pay. Building has fire suppression system. Residential leases are through June 2025. Commercial leases are through November 2025. Each unit has own heating system and water heater. Staircase inside building to access roof. Property zoning is B-3 (General Business). Some photos are from previous years between tenant occupancies. Prequalification letter is required for showings. Prequalification letter and non-disclosure agreement is required to review lease information. Year Built: Foundation is original from 1900. Main level was constructed in 2010. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect all aspects of the property & bears all risks for any inaccuracies. Buyer to verify all information including but not limited to the estimated acreage, lot size, square footage, utilities (availability & costs associated). Buyer should not assume the buyer’s taxes will be the same as seller’s present tax bills. Taxes are subject to change (possibly significant) & property will be reassessed by the municipality after sale is completed. Sellers/Tenants 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 seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines.

MLS #:
50136735
Taxes
$5,366(2023)
Lot Size
4,792 SQFT
Type
Multifamily
Year Built
2010
School District
Houghton-Portage Twp Schools
County
Houghton County
Community
City of Houghton

Listed By

Kristine Jukuri Weidner, Century 21 Affiliated
Source
MIREALSOURCE
Last checked Apr 18 2024 at 3:22 PM CDT
Bathroom Details
  • Full Bathrooms: 2
  • Half Bathrooms: 2
Interior Features
  • Electric Water Heater
  • Washer
  • Refrigerator
  • Range/Oven
  • Microwave
  • Dryer
  • Dishwasher
Kitchen
  • Eat-In Kitchen
Subdivision
  • City Of Houghton
Lot Information
  • Platted
  • Main Street
  • Corner Lot
Property Features
  • Foundation: Basement
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Stone
  • Partial
  • Block
Utility Information
  • Sewer: Public Sanitary
Garage
  • Attached Garage
Parking
  • Garage
Stories
  • 1
Living Area
  • 3,500 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2.75
Location
   
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Disclaimer: Copyright 2023 MiRealSource, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/20/23 10:38