Historic Mixed-Use Building with
For Sale
$131,000
425 River Street, Ontonagon, MI 49953
COM/IND/BUS OPP, Ontonagon, MI
Property Size9,800 SF
Lot Size0.12 Acres
Price / SF$13.37
Days on Market1039
Property Features for 425 River Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Lot features
Main Street, Downtown Dev Authority, Utilities Above Ground
Subdivision
Ontonagon (66015)
Standard status
Active
Size
9,800 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2023
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1904
Roof type
Rubber
Listing Agency:
RE/MAX DOUGLASS R.E.-H · RE/MAX International
(906) 482-1000
Listed By:
KAREN LAHTI · License #UPAR
(906) 370-4045
Added: Nov 3, 2023
Changed: Sep 3
Last Checked: Sep 6 at 12:06AM
MLS# 50126964
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 9,800-square-foot mixed-use building dates to 1904 and includes a main-level storefront area with three current business occupants: a flower shop measuring 33 x 20, a gift shop measuring 12 x 17, and a contractor’s office measuring 17 x 12. The upper floor is vacant, providing additional interior space within the existing structure. Forced-air heating, a rubber roof, and public water are in place.
Located at 425 River Street in Ontonagon, the property sits within the village’s business community near Lake Superior and the Ontonagon River. Its commercial zoning, established storefront configuration, and substantial upper-level area support a range of mixed-use concepts while retaining the building’s documented connection to the community’s commercial history.
Located at 425 River Street in Ontonagon, the property sits within the village’s business community near Lake Superior and the Ontonagon River. Its commercial zoning, established storefront configuration, and substantial upper-level area support a range of mixed-use concepts while retaining the building’s documented connection to the community’s commercial history.
Key Highlights
- 9,800 square feet of mixed‑use building area
- Commercial zoning with main‑level storefront space
- Three current occupants: flower shop, gift shop, and contractor’s office
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Home Improvements & Furnishings 26%
Dollar General
Shops & Services
3,755 visits/mo
0.5 miles
Holiday Station Store
Shops & Services
2,957 visits/mo
0.2 miles
Campioni Ace Hardware
Home Improvements & Furnishings
2,557 visits/mo
0.1 miles
Carquest Auto Parts - Bay Auto Parts of Ontonagon
Shops & Services
552 visits/mo
0.3 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned building combines occupied storefronts with vacant upper-level space.
Where is this mixed-use property located?
The property is located at 425 River Street Ontonagon, MI.
What is the asking price?
The asking price for this property is $131,000.
What are key features of this property?
This property features: 9,800 square feet of mixed‑use building area; Commercial zoning with main‑level storefront space; Three current occupants: flower shop, gift shop, and contractor’s office
