208 E Montezuma Avenue, Houghton, MI 49931
208 E Montezuma Avenue, Houghton, MI 49931
208 E Montezuma Avenue, Houghton, MI 49931
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$795,000
Est. payment /mo
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5 Beds
4 Baths
3,500 SqFt
Price Dropped by $100K

208 E Montezuma Avenue Houghton, MI 49931

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Tracy Butcher

Tracy Butcher

+1(810) 428-7092

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $227

Subdivision Mi

MLS Listing ID 50205265

Style 1 Story

Bedrooms 5

Full Baths 2

Half Baths 2

Year Built 2010

Annual Tax Amount $5,888

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 50x100+/-

Property Sub-Type Multi-Family

Property Description

Investment Opportunity in the heart of downtown Houghton! Mixed use building iis 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 2 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 5/2026 and 5/2027. Commercial lease is through 9/30/2028. One commercial vacancy as of 1/2026. 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: Information is believed accurate but not guaranteed. Buyers must inspect & verify all property details. Buyers accept all risks of inaccuracies, including but not limited to, acreage, lot size/location, square footage, & utility availability/costs. Real estate taxes will be reassessed & may change significantly after sale; do not assume your tax bills will match the seller's. Taxes are not zero. GIS, apps and plat book pages/maps are not surveys. Audio/video recording may occur on the property; entry implies consent to recording. Buyer pre-approval or proof of funds documentation to be provided upon request. ---- OFFERS: Please allow 72 hours for a response. Seller may set or change offer deadlines at any time with or without notice.

Location

State MI

County Houghton

Area Houghton (31014)

Zoning Commercial

Rooms

Basement Block, Partial, Stone

Dining Room Eat-In Kitchen

Kitchen Eat-In Kitchen

Interior

Interior Features Fire Sprinkler

Heating Forced Air

Cooling Central A/C

Fireplace No

Appliance Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer

Exterior

Exterior Feature Other

Parking Features Basement Access, Electric in Garage

Garage Spaces 6.0

Building

Lot Description Platted

Story 1 Story

Foundation Basement

Water Public Water

Structure Type Other

Schools

School District Houghton-Portage Twp Schools

Others

Ownership LLC

SqFt Source Estimated

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by CENTURY 21 AFFILIATED

NEARBY SCHOOL & BUSINESS

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Tracy Butcher

Tracy Butcher

Associate Broker - Non-Principal | License ID: 6506049127

+1(810) 428-7092

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208 E Montezuma Avenue