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Mixed-Use Live-Work Property
For Sale
$199,000

506 E Portage Ave, Sault Sainte Marie, MI 49783

MULTI_FAMILY - Sault Ste Marie, MI

Property Size2,580 SF
Lot Size0.19 Acres
Price / SF$77.13
Days on Market49

Property Features for 506 E Portage Ave

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning Tourist
Bedrooms 17
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 10, Bedroom 16, Bedroom 3, Bedroom 6, Basement, Bedroom 17, Bedroom 13, Bedroom 1, Bedroom 15, Bedroom 12, Bedroom 2, Bedroom 8, Bedroom 11, Bathroom 1, Bedroom 14, Bathroom 2, Bedroom 5, Bedroom 9, Bedroom 7, Bedroom 4
Elementary school district Sault Ste Marie
Middle school district Sault Ste Marie
High school district Sault Ste Marie
Directions Located on East Portage Ave just East of Johnston. Across the street from the Valley Camp Museum and Soo Locks Boat Tours.
Subdivision 12 - Sault Ste. Marie (East)
Standard status Active
APN 051-031-066-40
Size 2,580 SF
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2400

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Listing Agency: RE/MAX NorthStar Realty
Listed By: Kristina Thibault · License #6501304068
Added: Jul 13 Changed: Jul 24 Last Checked: Aug 30 at 12:06PM
MLS# 26-656

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 versatile live-work style property offers two distinct spaces. The upper level includes a 2-bedroom, 1-bath apartment with a large living and dining room. The lower level is currently configured as a studio-style living space and features large storefront windows.

The property includes a full basement and on-site parking. It is situated in a Tourist-zoned corridor in Sault Ste. Marie, with views overlooking the St. Mary’s River, including passing freighters and nearby river attractions mentioned in the remarks.

For buyers interested in a package, the seller also indicates the neighboring property at 508 E. Portage Avenue is available separately for purchase.

Key Highlights

  • Year built 1920 with a versatile 2,500 SF layout and full basement
  • Upper level has a 2‑bedroom, 1‑bath apartment with large living and dining room
  • Lower level is currently a studio‑style space with large storefront windows

Property Analytics

Current Use

Duplexes

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.

Lease Details

2
Residential units

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-level property includes a 2-bedroom apartment above and a studio-style space with storefront windows below.
Where is this duplex located?
The property is located at 506 E Portage Ave Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Year built 1920 with a versatile 2,500 SF layout and full basement; Upper level has a 2‑bedroom, 1‑bath apartment with large living and dining room; Lower level is currently a studio‑style space with large storefront windows
More about this property
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