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    425 River St Ontonagon, MI 49953

    For Sale
    $134,000

    Historic - Ontonagon, MI

    Property size:
    9,800 SF
    Lot size:
    0.12 Acres
    Days on Market:
    69
    Last Refresh:
    Dec 8 at 9:06 am

    Property Features for 425 River St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    6641 421 007 00
    Interior features
    220 Volt Power, Alley, Internet Available, Electric Available, Gas Available, No Elevator, Occupied, Restroom(s), Showroom, Sidewalks, Telephone
    Exterior features
    Alley
    Accessibility
    Accessible Elevator Installed
    Size
    9,800 SF
    Lot size
    0.12 Acres

    Utilities

    Utilities
    Electricity Available, Phone Available
    Heating system
    Forced Air

    Building Details

    Year built
    1904
    Building materials
    Block, Brick, Concrete
    Roof type
    Rubber
    Architectural style
    Other

    Douglass Real Estate, Inc DBA RE/MAX Douglass Real Estate (906) 482-1000 [email protected]

    Listing agent KAREN LAHTI (906) 482-1000

    Listing date Oct 1, 2025

    MLS# 50126964 Listing URL

    Copyright © 2025 Upper Peninsula Association 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 Ontonagon Retail Opportunity

    Located in the heart of the business community in Ontonagon, Michigan, this 9,800 square foot commercial building presents a development opportunity. The main street storefront area is currently occupied by a flower shop (33 x 20), a gift shop (12 x 17), and a contractor's business office (17 x 12). The upstairs space is vacant and available for development. Historically, the building served as a livery stable in 1904, later a feed and seed store, and subsequently a bowling alley and bar with a dance hall and roller skating rink upstairs. Situated in the Village of Ontonagon on the shores of Lake Superior and the Ontonagon River, the property is zoned commercial and occupies a 0.12-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nature's Riches Flowers ... Florist Rich Ernest Construction Construction Company

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontonagon
    County
    Ontonagon
    State
    Michigan
    Longitude
    -89.316765
    Latitude
    46.872536

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    FAQs

    What type of property is this?
    Retail space - 9,800 SF commercial building in the heart of Ontonagon, MI.
    Where is this retail space located?
    The property is located at 425 River St Ontonagon, MI.
    What is the asking price?
    The asking price for this property is $134,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Ontonagon's business community, poised for downtown revival.; - Substantial 9,800 sq ft building offering tremendous development opportunity.; - Existing tenants (flower shop, gift shop, contractor's office) provide immediate income and business synergy.
    (906) 482-1000
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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
    425 River St Ontonagon, MI 49953
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