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    427 W Portage Ave Sault Sainte Marie, MI 49783

    For Sale
    $1,200,000

    Business - Sault Ste Marie, MI

    Type:Business
    Property size:
    7,673 SF
    Days on Market:
    95
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 427 W Portage Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    Tourist
    Rooms
    Basement
    APN
    051-148-374-00
    Parking features
    Parking Lot, Paved or Surfaced
    Interior features
    Furnished, Laundry Area, Living Quarters, Storage
    Exterior features
    High Visibility, High Traffic Location, View
    Basement Y/N
    1
    Size
    7,673 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Window Unit(s)

    Building Details

    Number of units
    20
    Building materials
    Brick
    Roof type
    Metal, Shingle
    Architectural style
    Other

    Superior Shores Realty (906) 492-3750

    Listing agent Melanie Davis (906) 492-3750

    Listing date Sep 2, 2025

    MLS# 25-900 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

    Motel with Downtown Commercial Land

    This is an opportunity to own and operate a 20-unit motel with views in Sault Ste Marie. The property includes a 2-bedroom, 1-bathroom owner's suite. Six units have been renovated with Great Lake decor. The property includes over one acre of commercial land in downtown. Views include the Long Ships (Freighters) entering and exiting the Soo Locks and the international bridge to Canada. Shops, bars, and restaurants are within walking distance. Additional structures include a garage, a 72x42 pole barn, and a shed. The property has room to grow a new business. Included in the sale are furnishings, equipment, linens, the business name, website, goodwill, and future bookings. The motel is located at 427 W Portage AVE, Sault Ste Marie, MI 49783.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Long Ships Motel, Mid-City Motel, Adoba Lockview Motel, Hotel, Marquette, MI

    Location Insight

    • Map
    • Local Demand
    City
    Sault Sainte Marie
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.338209
    Latitude
    46.497792

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    FAQs

    What type of property is this?
    Motel - 20-unit motel with views, owner's suite, and commercial land.
    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: - Rare downtown location with over one acre of commercial land.; - Stunning views of the Soo Locks, freighters, and the International Bridge.; - 20-unit motel with a 2-bedroom owner's suite.
    (906) 492-3750
    Request Owner's contact information
    427 W Portage Ave 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

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    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
    427 W Portage Ave Sault Sainte Marie, MI 49783
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