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Tourist-Zoned Mixed-Use Property
For Sale
$439,000

506/508 E Portage Ave, Sault Sainte Marie, MI 49783

Commercial Sale, Sault Ste Marie, MI

Property Size5,160 SF
Lot Size0.33 Acres
Price / SF$85.08
Days on Market79

Property Features for 506/508 E Portage Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning Tourist
Exterior features Handicap Access, High Traffic Locatn, High Visibility, Living Quarters
Accessibility Accessible Approach with Ramp
Elementary school district Sault Ste Marie
Middle school district Sault Ste Marie
High school district Sault Ste Marie
Directions Located on East Portage Ave just East of Johnston. Across the street from the Valley Camp Museum and Soo Locks Boat Tours.
Subdivision 12 - Sault Ste. Marie (East)
Standard status Active
APN 051-031-066-30 & 051-031-066-40
Size 5,160 SF
Lot size 0.33 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4102

Utilities

Heating system Hot Water(Heating), Natural Gas
Water source Public

Building Details

Building materials Wood Frame
Roof type Shingle
Listing Agency: RE/MAX NorthStar Realty
Listed By: Kristina Thibault · License #6501304068
Added: Jul 11 Changed: Sep 16 Last Checked: Sep 27 at 6:06PM
MLS# 26-657

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 mixed-use offering comprises two adjacent Tourist-zoned properties with 5,160 square feet of existing improvements on 0.3268 acres. The wood-frame buildings feature shingle roofing, hot water heating, natural gas, public water, living quarters, and an accessible approach with ramp. The property also includes handicap access and is available as a combined package or as separate properties.

Located at 506/508 E Portage Ave in Sault Ste Marie, the site overlooks the St. Mary's River and has views toward passing freighters, the Valley Camp Museum Ship, and Soo Locks Boat Tours. Existing features and the Tourist zoning support the live-work, office, boutique retail, vacation rental, and other mixed-use concepts identified for the property.

Key Highlights

  • 5,160 SF of existing improvements across two adjacent properties
  • 0.3268‑acre combined property with Tourist zoning
  • Views of the St. Mary's River, passing freighters, and Soo Locks Boat Tours

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Dental Office Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two adjacent properties combine existing improvements, living quarters, and public water service within a Tourist-zoned setting.
Where is this mixed-use property located?
The property is located at 506/508 E Portage Ave Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 5,160 SF of existing improvements across two adjacent properties; 0.3268‑acre combined property with Tourist zoning; Views of the St. Mary's River, passing freighters, and Soo Locks Boat Tours
More about this property
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