Downtown Retail Building with Upstairs
For Sale
$131,000
425 River Street, Ontonagon, MI 49953
COMMERCIAL - Ontonagon, MI
Property Size9,800 SF
Lot Size0.12 Acres
Price / SF$13.37
Days on Market1023
Property Features for 425 River Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Lot features
Main Street, Downtown Dev Authority, Utilities Above Ground
Subdivision
Ontonagon (66015)
Standard status
Active
Size
9,800 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2023
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1904
Roof type
Rubber
Listing Agency:
RE/MAX DOUGLASS R.E.-H · RE/MAX International
(906) 482-1000
Listed By:
KAREN LAHTI · License #UPAR
(906) 370-4045
Added: Nov 3, 2023
Changed: Aug 4
Last Checked: Aug 21 at 1:06PM
MLS# 50126964
Copyright © 2026 Upper Peninsula Association 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 commercial building offers 9,800 square feet of space with active storefront use on the main level and an upstairs area that is totally vacant and available for new concepts. The main street storefront includes space currently occupied by a flower shop (33 x 20), a gift shop (12 x 17), and a contractor’s business office (17 x 12). The property also includes space that has historically been used for multiple functions, including as a livery stable in 1904 and later as a feed and seed store, and in later years as a bowling alley and bar with a dance hall and roller skating upstairs.
Located at 425 River Street in Ontonagon, the property sits in the heart of the business community within the Village of Ontonagon. The Village is described as being on the shores of Lake Superior and the Ontonagon River, and the downtown area is presented as being prepared for renewed development.
With existing tenant space below and open, flexible space above, the building can support continued storefront activity while accommodating additional uses for the upstairs level.
Located at 425 River Street in Ontonagon, the property sits in the heart of the business community within the Village of Ontonagon. The Village is described as being on the shores of Lake Superior and the Ontonagon River, and the downtown area is presented as being prepared for renewed development.
With existing tenant space below and open, flexible space above, the building can support continued storefront activity while accommodating additional uses for the upstairs level.
Key Highlights
- 9800 sq ft of space provides a tremendous opportunity for development.
- Premier location in the heart of the business community in Ontonagon.
- Main street storefront area has existing tenants (flower shop, gift shop, contractor's office) providing immediate income potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Home Improvements & Furnishings 26%
Dollar General
Shops & Services
3,755 visits/mo
0.5 miles
Holiday Station Store
Shops & Services
2,957 visits/mo
0.2 miles
Campioni Ace Hardware
Home Improvements & Furnishings
2,557 visits/mo
0.1 miles
Carquest Auto Parts - Bay Auto Parts of Ontonagon
Shops & Services
552 visits/mo
0.3 miles
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 Retail in Midwest region
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Similar Off Market Nearby
- Nature's Riches Flowers & Gifts — 425 River St, Ontonagon, MI 49953
Frequently Asked Questions
What type of property is this?
Storefront property - A Main Street storefront building with occupied retail tenants and a fully vacant upstairs level.
Where is this storefront property located?
The property is located at 425 River Street Ontonagon, MI.
What is the asking price?
The asking price for this property is $131,000.
What are key features of this property?
This property features: 9800 sq ft of space provides a tremendous opportunity for development.; Premier location in the heart of the business community in Ontonagon.; Main street storefront area has existing tenants (flower shop, gift shop, contractor's office) providing immediate income potential.
