Building Details

Year built 1991

Building materials Vinyl Siding

Roof type Asphalt

Listing Agency: FLYING EAGLE REALTY LLC Show Phone

Listed By: Dan Hafenbredl Show Phone

Added: Jul 28 Changed: Aug 5 Last Checked: Aug 5 at 4:06PM

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MLS# 11906789

Copyright © 2026 My State MLS. 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 2,400-square-foot quadplex contains four commercial rental units and is fully occupied. Built in 1991, the building was originally developed as a daycare by its owners before being adapted for its current configuration. The property includes vinyl siding, forced-air heating powered by natural gas, public water and sewer, and a newer asphalt roof.

The building sits on a 0.59-acre lot at 122 Greenland Rd in Ontonagon, Michigan. A large parking area supports vehicle circulation, while the property’s location places it near the shores of Lake Superior. The four-unit layout, established rental use, and existing building systems provide a clearly defined commercial income-property configuration.

Key Highlights

• 2,400‑square‑foot commercial rental building
• Four commercial units, fully occupied
• Built in 1991 on a 0.59‑acre lot

Property Analytics

Property Profile

Current Use

Horace Mann Insurance ... Insurance Agency Kristie's Massage Therapy ... Alternative Medicine Practice

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Law Firm HVAC Service Parking Lot & Garage

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

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

78

Businesses Nearby

Explore this area Business Placement

Demographics for 49953, MI

2,541

Population

1,909

Households

1.3

Avg Household Size

59

Median Age

19%

College-Educated

95%

High-School Grad

464.9 sq mi

ZIP Area

5

Density / Sq Mi

$55,647

Median Household Income

$35,035

Median Earnings

$557

Median Rent

$103,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Fully occupied rental property with public utilities, natural-gas forced-air heating, and on-site parking.

Where is this quadplex located?

The property is located at 122 GREENLAND RD Ontonagon, MI.

What is the asking price?

The asking price for this property is $159,900.

What are key features of this property?

This property features: 2,400‑square‑foot commercial rental building; Four commercial units, fully occupied; Built in 1991 on a 0.59‑acre lot