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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

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.
More about this property
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