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208 E Montezuma Avenue

Houghton, MI 49931

$795,000

MLS# 50205265

LISTING STATUS

Active

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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

SCHOOL DISTRICT

Houghton-Portage Twp Schools

COUNTY

Houghton

WATERFRONT

No

PROPERTY TAX AREA

Houghton (31014)

ROAD ACCESS

City/County, Paved Street, Year Round

Unit Details

NUMBER OF UNITS

4.00

TOTAL BUILDING SQ FT

3500.00

ACRES (APPROX.)

0.11

LOT DIMENSIONS

50x100+/-

YEAR BUILT (APPROX.)

2010

ZONING

 Zoning Code: B-3 https://www.cityofhoughton.com/building-planning-zoning/

Utilities

HEATING

Natural Gas: Forced Air

UTILITES

Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Internet Spectrum

AIR CONDITIONING

Central A/C

SEWER

Public Sanitary

 

WATER

Public Water

 

Building & Construction

EXTERIOR CONSTRUCTION

Other

FOUNDATION

Basement

BASEMENT

Block, Partial, Stone

EXTERIOR FEATURES

Deck

APPLIANCES

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

 

PARKING

 

Listing Details

LISTING OFFICE

Century 21 Affiliated

LISTING AGENT

Weidner (jukuri), Kristine

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