Historic Mixed-Use
For Sale
Under Contract
$399,000
400/402 Ashmun St, Sault Sainte Marie, MI 49783
Commercial Sale, Sault Ste Marie, MI
Property SizeContact for details
Lot Size0.07 Acres
Days on Market549
Property Features for 400/402 Ashmun St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Elementary school district
Sault Ste Marie
Middle school district
Sault Ste Marie
High school district
Sault Ste Marie
Directions
driving north on Ashmun street this property is on the west side of the street on the corner of ashmun and arlington st.
Subdivision
11 - Sault Ste. Marie (West)
Standard status
Active Under Contract
APN
051-142-143-00
Lot size
0.07 Acres
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Building materials
Wood Frame
Roof type
Rubber
Listing Agency:
Five Water Realty
(906) 226-7300
Listed By:
Jim Jorgensen · License #6502433719
(906) 322-0551
Added: Mar 4, 2025
Changed: Aug 31
Last Checked: Sep 4 at 11:06AM
MLS# 25-105
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 mixed-use property dates to the 1920s and combines three rental units on the upper floors with three ground-level storefronts. Two storefronts face Ashmun St., while the third fronts Arlington St. The building features a brick and stone exterior, original wood detailing, high ceilings, a rubber roof, and wood-frame construction. Natural gas hot-water heating serves the property, and public water is available.
Located within the DDA district of Sault Ste. Marie, the property sits at 400/402 Ashmun St. on a 0.0654-acre parcel. B2 zoning supports its established mixed-use character, with residential space above street-level commercial areas.
Located within the DDA district of Sault Ste. Marie, the property sits at 400/402 Ashmun St. on a 0.0654-acre parcel. B2 zoning supports its established mixed-use character, with residential space above street-level commercial areas.
Key Highlights
- Three rental units located above the street‑level commercial spaces
- Three storefronts: two fronting Ashmun St. and one facing Arlington St.
- 1920s building with original woodwork, high ceilings, and brick and stone facade
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three rental units are positioned above three street-facing storefronts in a downtown district setting.
Where is this mixed-use property located?
The property is located at 400/402 Ashmun St Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three rental units located above the street‑level commercial spaces; Three storefronts: two fronting Ashmun St. and one facing Arlington St.; 1920s building with original woodwork, high ceilings, and brick and stone facade
