4-Unit Commercial Rental
For Sale
$159,900
122 GREENLAND RD, Ontonagon, MI 49953
Residential Income, Ontonagon, MI
Property Size2,400 SF
Lot Size0.59 Acres
Price / SF$66.63
Days on Market100
Property Features for 122 GREENLAND RD
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Standard status
Active
APN
41 186 006 00
Size
2,400 SF
Lot size
0.59 Acres
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1991
Building materials
Vinyl Siding
Roof type
Asphalt
Buildings
1
Listing Agency:
FLYING EAGLE REALTY LLC
Listed By:
Dan Hafenbredl
(715) 321-4489
Added: Jul 28
Changed: Oct 30
Last Checked: Nov 4 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot commercial rental property contains four units and was built in 1991. The building was originally constructed as a daycare before being converted to its current four-unit configuration. Improvements include vinyl siding, an asphalt roof, forced-air heating, and natural gas service.
The property occupies 0.59 acres at 122 Greenland Rd in Ontonagon, Michigan. A large parking area supports vehicle circulation, while public water and public sewer serve the building. The property is fully occupied and has a history of ongoing rental use.
The property occupies 0.59 acres at 122 Greenland Rd in Ontonagon, Michigan. A large parking area supports vehicle circulation, while public water and public sewer serve the building. The property is fully occupied and has a history of ongoing rental use.
Key Highlights
- 2,400‑square‑foot building configured as four commercial rental units
- Fully occupied four‑unit property
- Built in 1991 by the owners
Property Analytics
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied rental property with newer roofing and public water and sewer service.
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 building configured as four commercial rental units; Fully occupied four‑unit property; Built in 1991 by the owners
