Building Details

Year built 1991

Building materials Vinyl Siding

Roof type Asphalt

Listing Agency: FLYING EAGLE REALTY LLC

Listed By: Dan Hafenbredl · License #6040890 Show Phone

Added: Jul 28 Changed: Sep 17 Last Checked: Sep 18 at 3:06PM

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MLS# 11906789

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Investment Insights

Based on property information with market context.

This 2,400-square-foot commercial rental property contains four units and was built in 1991. The building was originally constructed as a daycare before being converted to its current four-unit configuration. Improvements include vinyl siding, an asphalt roof, forced-air heating, and natural gas service.

The property occupies 0.59 acres at 122 Greenland Rd in Ontonagon, Michigan. A large parking area supports vehicle circulation, while public water and public sewer serve the building. The property is fully occupied and has a history of ongoing rental use.

Key Highlights

• 2,400‑square‑foot building configured as four commercial rental units
• Fully occupied four‑unit property
• Built in 1991 by the owners

Property Analytics

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Current Use

Horace Mann Insurance ... Insurance Agency Kristie's Massage Therapy ... Alternative Medicine Practice

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Law Firm HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

214

Businesses Nearby

Explore this area Business Placement

Demographics for 49953, MI

2,541

Population

1,909

Households

1.3

Avg Household Size

59

Median Age

19%

College-Educated

95%

High-School Grad

464.9 sq mi

ZIP Area

5

Density / Sq Mi

$55,647

Median Household Income

$35,035

Median Earnings

$557

Median Rent

$103,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Fully occupied rental property with newer roofing and public water and sewer service.

Where is this quadplex located?

The property is located at 122 GREENLAND RD Ontonagon, MI.

What is the asking price?

The asking price for this property is $159,900.

What are key features of this property?

This property features: 2,400‑square‑foot building configured as four commercial rental units; Fully occupied four‑unit property; Built in 1991 by the owners