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    629 Spruce St Sault Ste. Marie, MI 49783

    Sponsored
    For Sale
    $750,000

    Three-building industrial complex, 9,680 sq ft

    Property size:
    9,680 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial complex, situated on 2.7 acres in Sault Ste. Marie, Michigan, presents a unique investment opportunity. The property boasts three distinct buildings totaling 9,680 square feet, strategically located along the Power Canal with convenient access to major thoroughfares and proximity to the Canadian border. The complex includes a 1,416 square-foot office building featuring three offices, a conference room, break room, two bathrooms, and storage. A newer 3,464 square-foot heated industrial building is equipped with a compressor and two overhead doors. Additionally, a 4,800 square-foot storage building offers an office and five overhead doors, including a large pit area. Ample on-site parking is available. The property is zoned for commercial use and is offered for sale at $750,000 ($77.48 per square foot). A lease option is also available at $12 per square foot, NNN. This property is ideal for a variety of industrial uses and offers significant potential for growth and return on investment. The address is 629 W Spruce St, Sault Ste. Marie, MI 49783.

    Property Features for 629 Spruce St

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    9,680 SF
    Lot Size
    117,612 SF

    Building Details

    Buildings
    3

    HighLights

    • $750,000 asking price for this industrial property.
    • 9,680 square feet total across three buildings.
    • Located on a 2.7‑acre lot in Sault Ste. Marie, MI.
    • Features include office space, heated industrial space, and storage space with overhead doors.
    • Zoned commercial, with direct access to major roadways and proximity to the Canadian border.
    • Offered for sale by owner; also available for lease at $12/SF, NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Refrigerated & Cold Storages

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sault Ste. Marie
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.3596730147
    Latitude
    46.498795137706

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Three-building industrial complex, 9,680 sq ft
    Where is this refrigerated / cold storage located?
    The property is located at 629 Spruce St Sault Ste. Marie, MI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for this industrial property.; 9,680 square feet total across three buildings.; Located on a 2.7-acre lot in Sault Ste. Marie, MI.
    Request Owner's contact information
    629 Spruce St Sault Ste. Marie, MI 49783
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    Realmo Value Estimation

    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.

    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.

    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
    629 Spruce St Sault Ste. Marie, MI 49783
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