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    Ontonagon, MI

    Ontonagon, MI Commercial Real Estate for Sale

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    Greenland, MI Rockland, MI Carp Lake, MI Ewen, MI Mass City, MI White Pine, MI Toivola, MI Nisula, MI
    Historic Mixed-Use Building with Storefronts
    Updated: Nov 3, 2023
    Historic Mixed-Use Building with Storefronts

    425 River Street, Ontonagon, MI 49953

    $131,000
    9,800 sqft 0.12 AC lot
    9,800 square feet of mixed‑use building area
    Commercial zoning with main‑level storefront space
    Three current occupants: flower shop, gift shop, and contractor’s office
    Vacant upper floor available for additional use
    Built in 1904 with a documented history as a livery stable, feed and seed store, bowling alley, and bar
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    Four-Unit Specialty Commercial Property
    Updated: Jul 28
    Four-Unit Specialty Commercial Property

    122 GREENLAND RD, Ontonagon, MI 49953

    $159,900
    2,400 sqft
    2,400 SF specialty commercial property
    Four commercial rental units, fully occupied
    Constructed in 1991 and later converted from daycare use
    Newer roof
    Large lot with a substantial parking area
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    Downtown Office Building with Banquet Room
    Downtown Office Building with Banquet Room

    429 River Street, Ontonagon, MI 49953

    $499,000
    5,000 sqft

    Modern office building with central air, natural gas heat, and a large banquet room suited for meetings or events.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 Active listings in Ontonagon, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Motel With Bowling Alley
    Motel With Bowling Alley

    400 Main Street, White Pine, MI 49971

    $1,250,000
    21,000 sqft 4.35 AC lot

    Multi-use hospitality property with lodging, dining, event, retail, fuel, and recreation components in one commercial operation.

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    Motel, Restaurant, Bowling Alley, Gas
    Motel, Restaurant, Bowling Alley, Gas

    400 Main Street, White Pine, MI 49971

    $1,250,000
    21,000 sqft

    Popular motel, restaurant, bowling alley, gas station near Porcupine Mountains.

    View details
    Flex Space with HVAC
    Flex Space with HVAC

    23105 Prickett, Pelkie, MI 49958

    $99,900
    1.44 AC lot

    2017 construction with heating and air conditioning across a two-room layout.

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    Wooded and Tillable Farmland
    Wooded and Tillable Farmland

    30910 Luoto, Pelkie, MI 49958

    $98,500

    Two connected parcels combine established woodland, open hayfield, and existing rural infrastructure.

    View details

    Off-Market Properties in Ontonagon, MI

    Consider similar Off-Market properties in Ontonagon, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    201 Riv St
    COMMERCIAL (GENERAL)

    201 Riv St, Ontonagon, MI 49953-1609

    Estimated value:
    $50,000
    View details
    523 Pennsylvania Ave
    COMMERCIAL (GENERAL)

    523 Pennsylvania Ave, Ontonagon, MI 49953-1946

    Estimated value:
    $200,000
    View details
    233 Riv St
    COMMERCIAL (GENERAL)

    233 Riv St, Ontonagon, MI 49953-1609

    Estimated value:
    $135,000
    View details
    35541 107th Engineers Memorial Hwy
    COMMERCIAL (GENERAL)

    35541 107th Engineers Memorial Hwy, Ontonagon, MI 49953-9088

    Estimated value:
    $550,000
    10.36 AC lot
    View details
    18334 State Hwy M38
    COMMERCIAL (GENERAL)

    18334 State Hwy M38, Ontonagon, MI 49953-9416

    Estimated value: by Request
    0.48 AC lot
    View details
    102 2nd St
    COMMERCIAL (GENERAL)

    102 2nd St, Ontonagon, MI 49953-1337

    Estimated value:
    $125,000
    View details
    317 Riv St
    COMMERCIAL (GENERAL)

    317 Riv St, Ontonagon, MI 49953-1611

    Estimated value:
    $125,000
    View details
    Ontonagon, MI 49953
    COMMERCIAL (GENERAL)

    Ontonagon, MI 49953

    Estimated value:
    $140,000
    View details
    Ontonagon, MI 49953
    COMMERCIAL (GENERAL)

    Ontonagon, MI 49953

    Estimated value:
    $150,000
    View details
    850 Greenland Rd
    COMMERCIAL (GENERAL)

    850 Greenland Rd, Ontonagon, MI 49953-1452

    Estimated value:
    $130,000
    2.11 AC lot
    View details

    Ontonagon, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Ontonagon, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,200 square feet of properties for sale, with an estimated market value of $789,900.

    Sale prices for business properties in Ontonagon, MI start at $131,000, averaging $263,300, and reaching up to $499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    Ontonagon, MI CRE market trends — vacancy, lease rates and price per SF, updated monthly
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    Demographics Overview

    Population 2,261
    Population Growth (5Y) -10.2%
    Median Household Income $55,647
    College Educated 25.0%

    High-Yield Neighborhoods for Investment

    Identify Ontonagon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49953 $272.2K

    Taxes & Financing

    Tax Rate (average for all types) 4.14%
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Ontonagon County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Retail pricing trends in Ontonagon County

    Retail

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