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Motel with Swimming Pool
For Sale
$1,250,000

1602 Ashmun St, Sault Sainte Marie, MI 49783

Commercial Sale, Sault Ste Marie, MI

Property Size9,959 SF
Price / SF$125.51
Days on Market531

Property Features for 1602 Ashmun St

General Information

Property type Commercial Sale
Property subtype Other
Zoning B3
Security features Security System
Exterior features Fire Alarm, Furnished, Laundry, Living Quarters, Pool, Smoke Detectors, Security System
Elementary school district Sault Ste Marie
Middle school district Sault Ste Marie
High school district Sault Ste Marie
Directions Head southwest on Ashmun St/I-75 Business Spur toward W Spruce St Destination will be on the right
Subdivision 12 - Sault Ste. Marie (East)
Standard status Active
APN 051-037-018-00
Size 9,959 SF

Utilities

Heating system Electric (Heating)
Cooling system Wall Unit(s)
Water source Public

Building Details

Building materials Masonry, Wood Frame
Roof type Shingle
Listing Agency: Five Water Realty
Listed By: Jim Jorgensen · License #6502433719
Added: Apr 24, 2025 Changed: Oct 1 Last Checked: Oct 6 at 12:06PM
MLS# 25-242

Copyright © 2026 Eastern Upper Peninsula 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 9,959-square-foot motel dates to the 1950s and has been renovated. The property is furnished and includes laundry facilities, living quarters, and a pool. Masonry and wood-frame construction sit beneath a shingle roof, with electric heat, wall-unit cooling, and public water service.

Located at 1602 Ashmun St in Sault Ste. Marie, the property is zoned B3. Fire and smoke detection and a security system are among the building features.

Key Highlights

  • 9,959‑square‑foot motel, renovated from its 1950s origins
  • Pool, laundry facilities, and living quarters on site
  • Furnished property with fire alarm, smoke detectors, and security system

Property Analytics

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Current Use

Motels

Suggested Use

Top Pick Dental Office HVAC Service Kitchen & Bath Showroom Nail Salon Bakery Electrical Service

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49783, MI

18,690
Population
9,388
Households
2
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
148.7 sq mi
ZIP Area
126
Density / Sq Mi
$59,847
Median Household Income
$31,334
Median Earnings
$782
Median Rent
$146,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Similar Off Market Nearby

  • Skyline Motel — 2601 I-75 Business Spur, Sault Ste. Marie, MI 49783
  • The Guest House - — 2049 Ashmun St, Sault Ste. Marie, MI 49783
  • Lawson Motel — 2049 Ashmun St, Sault Ste. Marie, MI 49783
  • Laker Inn Motel — 1712 Ashmun St, Sault Ste. Marie, MI 49783
  • Royal Motel — 1707 Ashmun St, Sault Ste. Marie, MI 49783

Frequently Asked Questions

What type of property is this?
Motel - Furnished guest accommodations, laundry, and living quarters accompany its vacation-rental operation.
Where is this motel located?
The property is located at 1602 Ashmun St Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 9,959‑square‑foot motel, renovated from its 1950s origins; Pool, laundry facilities, and living quarters on site; Furnished property with fire alarm, smoke detectors, and security system
More about this property
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