20-Unit Motel with Owner
For Sale
$1,200,000
427 W Portage Ave, Sault Sainte Marie, MI 49783
COMMERCIAL - Sault Ste Marie, MI
Property Size7,673 SF
Price / SF$156.39
Days on Market172
Property Features for 427 W Portage Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Tourist
Subdivision
88 on Portage, Irregular
Standard status
Active
Size
7,673 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8839
Building Details
Flooring type
142067.00
Listing Agency:
Superior Shores Realty
(906) 492-3750
Listed By:
Melanie Davis
(906) 492-3750
Added: Mar 2
Changed: Aug 4
Last Checked: Aug 21 at 8:06AM
MLS# 25-900
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This offering is a 20-unit motel designed for an owner-operator, including a two-bedroom, one-bath owner’s suite. Six of the motel units have already been renovated with Great Lake decor, supporting a guest-ready configuration. The property includes a garage, a 72x42 pole barn, and a shed, providing additional on-site storage and functional space for day-to-day operations.
The site is located in downtown Sault Ste Marie on more than one acre of commercial land. Public remarks highlight views of the Long Ships (freighters) coming into and exiting the Soo Locks, along with sightlines toward the international bridge to Canada. The motel is described as being within walking distance to shops, bars, and restaurants.
For a buyer looking to operate from the property, the combination of on-site housing and a complete motel setup—including furnishings, equipment, linens, the motel name, website, goodwill, and future bookings that are included in the sale—can support continuity at the time of transfer. The Tourist zoning further aligns with lodging use. The included lodging materials and operational assets, together with the existing land footprint and supplemental outbuildings, offer a practical platform for managing and running a hospitality business at one location.
The site is located in downtown Sault Ste Marie on more than one acre of commercial land. Public remarks highlight views of the Long Ships (freighters) coming into and exiting the Soo Locks, along with sightlines toward the international bridge to Canada. The motel is described as being within walking distance to shops, bars, and restaurants.
For a buyer looking to operate from the property, the combination of on-site housing and a complete motel setup—including furnishings, equipment, linens, the motel name, website, goodwill, and future bookings that are included in the sale—can support continuity at the time of transfer. The Tourist zoning further aligns with lodging use. The included lodging materials and operational assets, together with the existing land footprint and supplemental outbuildings, offer a practical platform for managing and running a hospitality business at one location.
Key Highlights
- 20‑unit motel with an owner’s suite featuring 2 BR and 1 BA
- 6 of the motel units have been renovated
- Over one acre of commercial land in downtown Sault Sainte Marie
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49783, MI
18,690
Population
9,388
Households
2
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
148.7 sq mi
ZIP Area
126
Density / Sq Mi
$59,847
Median Household Income
$31,334
Median Earnings
$782
Median Rent
$146,400
Median Home Value
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Similar Off Market Nearby
- Long Ships Motel — 427 W Portage Ave, Sault Ste. Marie, MI 49783
- Mid-City Motel — 304 E Portage Ave, Sault Ste. Marie, MI 49783
- Adoba Lockview Motel — 327 W Portage Ave, Sault Ste. Marie, MI 49783
- Hotel — 810 Ashmun St, Sault Ste. Marie, MI 49783
- Marquette, MI — 511 Ashmun St, Sault Ste. Marie, MI 49783
Frequently Asked Questions
What type of property is this?
Motel - Tourist-zoned motel property with an on-site two-bedroom owner suite and multiple renovated guest units.
Where is this motel located?
The property is located at 427 W Portage Ave Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 20‑unit motel with an owner’s suite featuring 2 BR and 1 BA; 6 of the motel units have been renovated; Over one acre of commercial land in downtown Sault Sainte Marie
