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Mixed-Use Building with Apartments
For Sale
$510,000

548 Ashmun St, Sault Sainte Marie, MI 49783

Commercial Sale, Sault Ste Marie, MI

Property Size4,942 SF
Lot Size0.10 Acres
Price / SF$103.20
Days on Market197

Property Features for 548 Ashmun St

General Information

Property type Commercial Sale
Property subtype Other
Zoning B2
Exterior features Employee, Furnished, Handicap Access, High Traffic Locatn, High Visibility, Kitchen Area, Laundry, Living Quarters, Manager On-Site, Restroom, Smoke Detectors, Storage, View, Window Coverings
Accessibility Accessible Approach with Ramp
Elementary school district Sault Ste Marie
Middle school district Sault Ste Marie
High school district Sault Ste Marie
Directions Located diagonally from Sherwin Williams and The Small Mall on Ashmun Street, Ashmun across from Dawson St.
Subdivision 12 - Sault Ste. Marie (East)
Standard status Active
APN 051-008-011-50
Size 4,942 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 25

Utilities

Heating system Hot Water(Heating), Forced Air, Baseboard, Electric (Heating), Natural Gas
Water source Public

Building Details

Building materials Wood Frame, Mixed
Roof type Flat, Rubber
Additional Structures Storage
Listing Agency: Real Estate One Northern Properties
Listed By: John Anderson, Assoc Broker · License #6502431999
Added: Feb 19 Changed: Sep 2 Last Checked: Sep 4 at 8:06AM
MLS# 26-63

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 contains 4,942 square feet on a 0.0953-acre lot. The 2,375-square-foot main floor is configured as an established salon with an open layout, eight styling chairs, reception space, a restroom, kitchen area, and storage. Two apartments occupy the upper level, including a two-bedroom, one-bath unit with exposed brick, granite countertops, and high ceilings. The second apartment is leased month to month. Additional basement storage supports the building’s commercial and residential uses.

Located at 548 Ashmun St in Sault Ste Marie, the property is across from the Small Mall, near the Soo Theatre and a parking garage, and neighboring MyMichigan Medical Center. The surrounding area includes dense residential housing and a pedestrian-friendly district. B2 zoning, public water, a rubber flat roof, and forced-air, hot-water, electric, baseboard, and natural-gas heating are documented.

Key Highlights

  • 4,942 SF mixed‑use building on a 0.0953‑acre lot
  • 2,375 SF main‑floor salon with 8 chairs and reception area
  • Two upstairs apartments, including a 2‑bedroom, 1‑bath unit

Property Analytics

Current Use

Spa & wellness properties

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Kitchen & Bath Showroom Auto Parts Store Plumbing 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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

943
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Established salon space is paired with two upstairs apartments, basement storage, and B2 zoning.
Where is this mixed-use property located?
The property is located at 548 Ashmun St Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 4,942 SF mixed‑use building on a 0.0953‑acre lot; 2,375 SF main‑floor salon with 8 chairs and reception area; Two upstairs apartments, including a 2‑bedroom, 1‑bath unit
More about this property
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