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    0002 E Portage Ave Sault Sainte Marie, MI 49783

    For Sale
    $699,000

    Other - Sault Ste Marie, MI

    Days on Market:
    258
    Last Refresh:
    Dec 10 at 4:06 am

    Property Features for 0002 E Portage Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-3 Serv. Bus.
    APN
    051-014-001-00
    Parking features
    Parking Lot, Paved or Surfaced
    Exterior features
    Highway Access, High Visibility, High Traffic Location, View

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Number of units
    1
    Architectural style
    Other

    Real Estate One Northern Properties (248) 802-0949

    Listing agent LEANNE MARLOW (248) 802-0949 License #6506043485

    Listing date Mar 28, 2025

    MLS# 24-249 Listing URL

    Copyright © 2025 Eastern Upper Peninsula Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land on Portage Avenue

    This commercial real estate offers a rare opportunity for investors, situated on Portage Avenue in Sault Ste. Marie, Michigan. The property includes waterfrontage and acreage, with views of the Twin Sault's skylines, sunsets, the International Bridge, and passing freighters. Located adjacent to Waterfront Place Condominiums, the property was initially considered for three additional condominiums, aligning with current demand. However, the site allows for various other development opportunities. The property features approximately 231 feet of commercial waterfrontage and spans 2.688 acres. It is zoned B-3, Serv. Bus., and city water and sewer services are available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sault Sainte Marie
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.3305951
    Latitude
    46.4951702

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial real estate with waterfront and acreage in Sault Ste Marie.
    Where is this commercial land located?
    The property is located at 0002 E Portage Ave Sault Sainte Marie, MI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Prime real estate location on Portage Avenue.; - Waterfront property with approximately 231 ft. of frontage.; - 2.688 +/- acres of land.
    (248) 802-0949
    Request Owner's contact information
    0002 E Portage Ave Sault Sainte Marie, MI 49783
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    Sault Sainte Marie, MI 49783
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    0002 E Portage Ave Sault Sainte Marie, MI 49783
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