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Tourist-Zoned Mixed-Use Property
For Sale
$439,000

506/508 E Portage Ave, Sault Sainte Marie, MI 49783

COMMERCIAL - Sault Ste Marie, MI

Property Size5,160 SF
Price / SF$85.08
Days on Market48

Property Features for 506/508 E Portage Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning Tourist
Subdivision 12 - Sault Ste. Marie (East)
Standard status Active
Size 5,160 SF

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4102

Building Details

Number of units 3
Listing Agency: RE/MAX NorthStar Realty
Listed By: Kristina Thibault · License #6501304068
Added: Jul 13 Changed: Aug 11 Last Checked: Aug 29 at 3:06AM
MLS# 26-657

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 offering comprises two adjacent Tourist-zoned properties at 506/508 E Portage Ave with 5,160 square feet of existing improvements. The site supports several concepts identified in the property information, including redevelopment, vacation rentals, boutique retail, office use, and a live-work configuration.

The property is positioned along Sault Ste. Marie’s tourist corridor with views toward the St. Mary’s River, passing freighters, the Valley Camp Museum Ship, and Soo Locks Boat Tours. The two properties may also be purchased separately, providing flexibility for different acquisition strategies.

Key Highlights

  • Two adjacent Tourist‑zoned properties at 506/508 E Portage Ave
  • 5,160 square feet of existing improvements
  • Views of the St. Mary’s River and passing freighters

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Dental Office Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop 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.

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two adjacent commercial properties combine existing improvements with river views and flexibility for redevelopment or live-work use.
Where is this mixed-use property located?
The property is located at 506/508 E Portage Ave Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two adjacent Tourist‑zoned properties at 506/508 E Portage Ave; 5,160 square feet of existing improvements; Views of the St. Mary’s River and passing freighters
More about this property
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