Downtown Office Building with Banquet
For Sale
$499,000
429 River Street, Ontonagon, MI 49953
Modern office building with central air, natural gas heat, and a large banquet room suited for meetings or events.
Property Size5,000 SF
Price / SF$99.80
Days on Market392
Property Features for 429 River Street
General Information
Standard status
Active
Size
5,000 SF
Additional Details
Office Units
2
Listing Agency:
DOMITROVICH REALTY, INC
(906) 250-0160
Listed By:
DONALD DOMITROVICH · License #UPAR
(906) 250-0160
Source:
Exprealty
Added: Jul 17, 2025
Changed: Jul 10
Last Checked: Aug 11 at 11:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DOMITROVICH REALTY, INC
Investment Insights
Based on property information with market context.
This newer construction downtown office building offers approximately 5,000 square feet and is set up for two separated office spaces. The building is served by natural gas heat and central air conditioning, with village water and sewer utilities. One office space includes a large banquet room featuring an open floor plan and tall ceilings, which can support meetings, gatherings, or other group uses. Parking is available on Spar St, and the building has a wheelchair ramp for accessibility.
The property is located in the middle of downtown Ontonagon and is accessible via its street frontage. The front office space is currently being leased by Michigan Works, providing a defined, tenant-ready configuration within the overall building.
For buyers and tenants looking for flexible commercial space, the building’s separation into distinct office areas can support a variety of operational needs, including office users who may also want access to a larger interior room for events or internal meetings. With established utilities, central climate control, on-site parking, and ADA-accessible entry, the property offers a practical baseline for an owner-occupant or an investor seeking a well-defined downtown office asset.
The property is located in the middle of downtown Ontonagon and is accessible via its street frontage. The front office space is currently being leased by Michigan Works, providing a defined, tenant-ready configuration within the overall building.
For buyers and tenants looking for flexible commercial space, the building’s separation into distinct office areas can support a variety of operational needs, including office users who may also want access to a larger interior room for events or internal meetings. With established utilities, central climate control, on-site parking, and ADA-accessible entry, the property offers a practical baseline for an owner-occupant or an investor seeking a well-defined downtown office asset.
Key Highlights
- 5,000 SF commercial building in downtown Ontonagon
- Natural gas heat and central air conditioning
- Village water/sewer service
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
188
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Modern office building with central air, natural gas heat, and a large banquet room suited for meetings or events.
Where is this office building located?
The property is located at 429 River Street Ontonagon, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 5,000 SF commercial building in downtown Ontonagon; Natural gas heat and central air conditioning; Village water/sewer service
