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    400/402 Ashmun St Sault Sainte Marie, MI 49783

    For Sale
    $399,000

    Commercial Income - Sault Ste Marie, MI

    Days on Market:
    278
    Last Refresh:
    Dec 7 at 8:06 am

    Property Features for 400/402 Ashmun St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B2
    Rooms
    Basement
    APN
    051-142-143-00
    Basement Y/N
    1

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Number of units
    6
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Five Water Realty

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

    Listing date Mar 5, 2025

    MLS# 25-105 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

    Historic Sault Ste Marie Income Property

    Located in the historic DDA district of Sault Ste. Marie, this building, constructed in the 1920s, retains its vintage charm with a brick and stone facade. The interior features original woodwork and high ceilings. The property includes three rental units, along with two storefronts facing Ashmun St and one facing Arlington St, offering income potential. The location provides access to amenities. The building is zoned B2 and is offered for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -84.34709
    Latitude
    46.498422

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    FAQs

    What type of property is this?
    Storefront property - Vintage charm meets income potential in Sault Ste Marie's DDA.
    Where is this storefront property located?
    The property is located at 400/402 Ashmun St Sault Sainte Marie, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Prime location in Sault Ste. Marie's historic DDA district.; - Substantial income potential from three rental units and three storefronts.; - Authentic 1920s architecture with original woodwork and high ceilings.
    (906) 226-7300
    Request Owner's contact information
    400/402 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
    400/402 Ashmun St Sault Sainte Marie, MI 49783
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