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    215 Ashmun St Sault Sainte Marie, MI 49783

    For Sale
    $599,000

    Commercial Income - Sault Ste Marie, MI

    Days on Market:
    228
    Last Refresh:
    Dec 14 at 4:06 am

    Property Features for 215 Ashmun St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Rooms
    Basement
    APN
    051-278-010-00
    Parking features
    Offsite
    Interior features
    Fire Alarm, Kitchen Area, Laundry Area, Living Quarters, Restroom, Smoke Detectors, Storage
    Exterior features
    High Traffic Location
    Basement Y/N
    1

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Number of units
    5
    Building materials
    Brick
    Architectural style
    Other

    Five Water Realty

    Listing agent Shelly Morley (906) 226-7300 License #6505431232

    Listing date May 1, 2025

    MLS# 24-416 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

    Mixed-Use Property in Sault Ste Marie

    This renovated mixed-use property features a blend of historic charm and modern upgrades. The first floor offers 1,800 square feet of retail space, characterized by vaulted ceilings and hand-carved wood panels. Updated electrical, plumbing, and windows enhance its readiness for business operations. The second floor provides 1,800 square feet of office space, including three private offices, a conference room, and a contemporary bathroom. The third floor encompasses 1,800 square feet of living space, offering views of the St. Mary's River and the International Bridge, suitable for a personal residence, high-end rental, or Airbnb. The basement includes a laundry room and storage space, with potential for a gym or an additional rental unit. Located in Sault Ste Marie, Michigan, this property is suitable for business, living, or rental income, combining historical character with modern amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -84.34598
    Latitude
    46.49999

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use property with retail, office, and residential spaces.
    Where is this mixed-use property located?
    The property is located at 215 Ashmun St Sault Sainte Marie, MI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Versatile 3-story building: Retail, office, and luxurious living space.; - Enjoy stunning views of the St. Mary's River and International Bridge.; - Renovated with updated electrical, plumbing, and windows.
    (906) 226-7300
    Request Owner's contact information
    215 Ashmun St 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
    215 Ashmun St Sault Sainte Marie, MI 49783
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