Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    High-Visibility Storefront Commercial Building Title is generated by Realmo AI

    816 ASHMUN St, Sault Sainte Marie, MI 49783

    View on Map
    Claim this Listing
    For Sale
    $245,000

    COMMERCIAL - Sault Ste Marie, MI

    Property size:
    4,502 SF
    Price / SF:
    $54/SF
    Added:
    Sep 15, 2025
    Days on Market:
    263
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 816 ASHMUN St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMERCIAL
    Standard status
    Active
    Size
    4,502 SF

    Taxes and HOA fees

    Tax Year
    25

    Building Details

    Flooring type
    160000.00

    We can help!

    Listing Contact
    Krysta Fike

    Listing agent Krysta Fike

    Listing office RE/MAX NorthStar Realty 1411 Ashmun St., Sault Ste. Marie, MI

    Listing date Sep 15, 2025

    MLS# 25-713

    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.

    HighLights

    • 5,000 SF commercial building on Ashmun Street in downtown Sault Ste. Marie
    • Prominent storefront with rear parking for customer and staff access
    • Salon area with updated flooring
    • Interior layout includes multiple private office rooms plus a full kitchen
    • Full basement provides additional storage space
    • Dual entrances—front and rear—for convenient entry and operations

    Overview

    This high-visibility commercial building offers a prominent storefront and a flexible interior layout totaling 4,502 square feet. The space includes updated flooring in the salon area, multiple private office rooms, a full kitchen, and a full basement for storage or additional use. Access is set up with dual entrances, with both front and rear entry options to support customer flow and staff convenience.

    Located at 816 Ashmun St in downtown Sault Ste. Marie along Ashmun Street, the property is positioned for visibility in a heavily trafficked corridor, with rear parking available on-site.

    Currently operating as Royal Nails, the configuration is well suited for salon or spa services, but the mix of private rooms and open storefront presence also supports office use and a multi-business setup. With front-and-rear entry and a basement for practical space needs, the building can accommodate a range of tenant and operator requirements while maintaining a customer-facing street presence.
    Location Intelligence

    Current Use by Public Records

    Spa & wellness properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sault Sainte Marie
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.351173
    Latitude
    46.493546

    Nearby Similar for Sale

    • $900,000
      3,200 SF

      Turnkey Bar and Restaurant

      Turnkey bar-and-restaurant operation with dining room, sidewalk cafe seating, and back lot for events.
      227 W PORTAGE Ave, Sault Ste Marie, MI 49783
      View Details
    • $850,000
      7,000 SF

      Vending Machine Business with Warehouse

      Turnkey vending operation with a central warehouse, three-vehicle fleet, and a network of machines on active contracts.
      915 Brown St, Sault Ste Marie, MI 49783
      View Details
    • $115,000
      5,000 SF

      Versatile Flex/Commercial Building

      5,000-sf commercial building with flexible interior suitable for retail, office, warehouse, or service use.
      300 E 3 Mile Rd, Sault Ste Marie, MI 49783
      View Details
    • $370,000
      3,950 SF

      Updated Retail Space with Fenced Patio

      Move-in-ready downtown retail with multiple storefront options, basement storage, and a fenced patio for customer use.
      201/205 W Portage Ave, Sault Ste Marie, MI 49783
      View Details
    • $199,900
      2,142 SF

      Updated Flex Distribution and Showroom Building

      Completely updated building with ADA restrooms, open showroom area, and on-site customer and employee parking.
      759 W Spruce St, Sault Ste Marie, MI 49783
      View Details
    • $158,000
      600 SF

      Handicap-Accessible Multi-Use Commercial Building

      Renovated building currently operating as a hair salon, with air conditioning, restroom, on-site laundry, and ample parking.
      205 Bingham Ave, Sault Ste Marie, MI 49783
      View Details
    • $350,000
      5,293 SF

      Hospitality Property with Attached Residence

      Thirteen-unit hospitality property with an attached single-family residence, offered for sale in B-3 zoning.
      1712 Ashmun St, Sault Ste Marie, MI 49783
      View Details
    • $510,000
      4,942 SF

      Mixed-Use Salon and Apartments

      Established salon on the main floor with two upstairs apartments, offering a combined live-and-work setup in a B2-zoned building.
      548 Ashmun St, Sault Ste Marie, MI 49783
      View Details
    • $1,250,000
      9,959 SF

      Renovated Roadside Motel

      Renovated 1950s motel in Sault Ste. Marie operating as a boutique vacation rental business under B3 zoning.
      1602 Ashmun St, Sault Ste Marie, MI 49783
      View Details
    • $105,000
      1,720 SF

      Duplex With Attached Garage

      Duplex with updated features and attached garage, suited for long-term or student-oriented rental.
      303 Sheridan Dr, Sault Ste Marie, MI 49783
      View Details
    • $520,000
      7,300 SF

      Three-Building Commercial Workshop

      Three-building commercial property with a finished mechanic shop plus two additional storage/work spaces.
      7800 S Mackinac Trl, Sault Ste Marie, MI 49783
      View Details
    • $405,000

      Multi-Unit Residential Income Property

      Income-producing multi-unit residential property offered for sale with financial information available to qualified buyers.
      1110-1114 Ashmun St, Sault Ste Marie, MI 49783
      View Details

    FAQs

    What type of property is this?
    Spa & wellness property - Commercial building with storefront, multiple offices, kitchen, basement, and front-and-rear entrances with rear parking.
    Where is this spa & wellness property located?
    The property is located at 816 ASHMUN St Sault Sainte Marie, MI.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: 5,000 SF commercial building on Ashmun Street in downtown Sault Ste. Marie; Prominent storefront with rear parking for customer and staff access; Salon area with updated flooring
    (906) 630-2313
    We can help!
    Listing Contact
    Krysta Fike
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    816 ASHMUN St, Sault Ste Marie, MI 49783
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!