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    730 7Th St Ontonagon, MI 49953

    For Sale
    $375,000

    Cash-flowing industrial building, prime location.

    Property size:
    6,372 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This 6,372 square foot industrial building in Ontonagon, MI, presents a compelling investment opportunity. Situated on a 1.37-acre lot with ample paved parking, the property enjoys a highly visible location across from Aspirus Ontonagon Clinic and near the county courthouse and downtown. Currently generating positive cash flow from existing tenants, including Aspirus Ontonagon Physical Therapy and the Michigan Secretary of State (under a contracted lease), this building offers immediate income potential. Multiple offices are ready for immediate occupancy, providing flexibility for expansion or additional rental income. Recent capital improvements significantly enhance the property's value and appeal. These upgrades include the complete replacement of both the central air conditioning and heating systems, ensuring efficient and cost-effective operation. The interior has also undergone extensive renovations, resulting in modern and well-maintained office spaces. The building's strategic location, strong tenant base, and recent improvements combine to create a rare opportunity for investors seeking a stable, high-return investment in a thriving community. This property is ready for immediate income generation and future growth.

    Property Features for 730 7Th St

    General Information

    Property type
    Industrial properties
    Square Feet
    6,372 SF
    Lot Size
    59,677 SF

    Building Details

    Year Built
    1987
    Insight Report Location Intelligence

    Current Use by Public Records

    Aspirus Outpatient Therapies ... Physical Therapy Clinic State of Michigan Adult ... Social Services Organization Ontonagon County Social ... Social Services Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -89.30354
    Latitude
    46.86506

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    FAQs

    What type of property is this?
    Industrial property - Cash-flowing industrial building, prime location.
    Where is this industrial property located?
    The property is located at 730 7Th St Ontonagon, MI.
    What is the asking price?
    The asking price for this property is $375,000.
    (906) 884-2801
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    730 7Th St Ontonagon, MI 49953
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    Ontonagon, MI 49953
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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
    730 7Th St Ontonagon, MI 49953
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