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Mixed-Use Property with Walkout Basement
For Sale
$60,000

1171 S Black River Road, Onaway, MI 49765

Commercial Sale, Onaway, MI

Property Size3,900 SF
Price / SF$15.38
Days on Market45

Property Features for 1171 S Black River Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning Lake and Stream
Subdivision T35N, R1E
Directions M-68 to Black River Rd North to Stop sign at N. Allis, turn left and continue to building on the right. Located across from Lorenzo's
Standard status Active
APN 182-010-200-013-04 & 182-010-200-013-05
Size 3,900 SF

Taxes and HOA fees

Tax Description PT OF GOVT LOT 2, SEC 10, T35N,R1E DESC AS: COM N1/4 COR OF SD SEC 10; TH S 00D 43M 30S W 520.71FT; TH S 86D 39M 2S E 186.79FT TO ELY ROW OF BLACK RIVER RD; TH CONT S 86D 39M 26S E 127.23FT; TH S 37D 28M 47S E 232.98FT TO POB; TH CONT S 37D 28M 47S...
Legal Description PT OF GOVT LOT 2, SEC 10, T35N,R1E DESC AS: COM N1/4 COR OF SD SEC 10; TH S 00D 43M 30S W 520.71FT; TH S 86D 39M 2S E 186.79FT TO ELY ROW OF BLACK RIVER RD; TH CONT S 86D 39M 26S E 127.23FT; TH S 37D 28M 47S E 232.98FT TO POB; TH CONT S 37D 28M 47S...

Utilities

Sewer type Septic Tank
Water source Well

Building Details

Building materials Block
Listing Agency: State Wide Real Estate Rogers City
Listed By: Trisha Taylor
Added: Aug 13 Changed: Sep 1 Last Checked: Sep 26 at 10:06AM
MLS# 201842158

Copyright © 2026 Water Wonderland 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 3,900-square-foot mixed-use property is a block-constructed improvement that has been stripped to the studs, leaving the interior ready for redevelopment. The main building includes a walkout basement that was previously configured as full living quarters, while the upper level formerly operated as a neighborhood convenience and party store. A second building is included, adding another existing structure to the property. The sale also includes an additional lot that can accommodate parking, garden or yard space, or future improvements.

The property is near access to Black Lake, with hundreds of acres of State Land located down and across the road. Water service is provided by a well, and the site uses a septic tank. Zoning is identified as Lake and Stream.

Key Highlights

  • 3,900‑square‑foot mixed‑use property with block construction
  • Interior taken to the studs for redevelopment
  • Walkout basement previously configured as full living quarters

Property Analytics

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Current Use

The Squirrel House Resale ... Department Store

Suggested Use

Top Pick Restaurant Department Store

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

2
Businesses Nearby

Demographics for 49765, MI

3,898
Population
2,787
Households
1.4
Avg Household Size
50
Median Age
15%
College-Educated
89%
High-School Grad
238.1 sq mi
ZIP Area
16
Density / Sq Mi
$53,125
Median Household Income
$33,107
Median Earnings
$753
Median Rent
$114,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The property includes a second building, an extra lot, and well and septic service for flexible commercial planning.
Where is this mixed-use property located?
The property is located at 1171 S Black River Road Onaway, MI.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: 3,900‑square‑foot mixed‑use property with block construction; Interior taken to the studs for redevelopment; Walkout basement previously configured as full living quarters
More about this property
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