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    Ontonagon, MI
    Mixed-Use

    Ontonagon, MI Mixed-use Properties for Sale

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    Greenland, MI Rockland, MI White Pine, MI
    Ontonagon Commercial Building Opportunity
    Updated: Nov 3, 2023
    Ontonagon Commercial Building Opportunity

    425 River Street, Ontonagon, MI 49953

    $131,000
    9,800 sqft · 0.12 AC lot
    9800 sq ft of space provides a tremendous opportunity for development.
    Premier location in the heart of the business community in Ontonagon.
    Main street storefront area has existing tenants (flower shop, gift shop, contractor's office) providing immediate income potential.
    Upstairs space is totally vacant and available for development.
    Located in the charming Village of Ontonagon, on the shores of Lake Superior and The Ontonagon River.
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    Ontonagon Mixed-Use Development Opportunity
    Updated: Oct 27, 2023
    Ontonagon Mixed-Use Development Opportunity

    425 River, Ontonagon, MI 49953

    $131,000
    9,800 sqft
    9800 sq ft of space for development.
    Prime commercial location in the heart of Ontonagon.
    Vacant upstairs space ready for development.
    Existing tenants in the main street storefront: flower shop, gift shop, and contractor's office.
    Located in a village on the shores of Lake Superior and the Ontonagon River.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Ontonagon, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    COMMERCIAL - Ironwood, MI
    COMMERCIAL - Ironwood, MI

    100 Bonnie St, Ironwood, MI 49938

    $44,900
    2,756 sqft · 0.10 AC lot

    2,756 sq ft commercial building with upstairs apartment.

    View details
    Mixed-Use Building with Liquor License
    Mixed-Use Building with Liquor License

    307 Quincy, Hancock, MI 49930

    $300,000
    0.04 AC lot

    Income-producing mixed-use property with bar, apartment, and redevelopment potential.

    View details
    Commercial Building with Apartment
    Commercial Building with Apartment

    100 Bonnie Street, Ironwood, MI 49938

    $44,900
    2,756 sqft · 0.10 AC lot

    2,756 sq ft commercial building with upstairs apartment.

    View details
    Hancock Mixed-Use Property for Sale
    Hancock Mixed-Use Property for Sale

    209 Montezuma, Hancock, MI 49930

    $194,900

    Mixed-use property with B-2 zoning, suitable for business or residential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Torch Lake Development Opportunity
    Torch Lake Development Opportunity

    52634 M26 Highway, Lake Linden, MI 49945

    $750,000
    34.89 AC lot

    34.89 acres with 1700+ feet of Torch Lake frontage.

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    Land Near Lake Superior
    Land Near Lake Superior

    1306 Lake Shore Dr W, Ashland, WI 54806

    Contact for pricing

    Land with lake views and utilities in Ashland, Wisconsin.

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    High Exposure Land on Highway
    High Exposure Land on Highway

    E US41/M28 Highway, Negaunee, MI 49866

    $294,000
    1.00 AC lot

    Desirable location with high traffic volume in Michigan's Upper Peninsula.

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    Land on Highway, Norway, MI
    Land on Highway, Norway, MI

    US 2 Highway, Norway, MI 49870

    Contact for pricing
    1.50 AC lot

    1.5 acre commercial land parcel with highway frontage.

    View details

    Ontonagon, MI Mixed-Use Properties Market Trends and Statistics

    Explore 2 mixed-use properties for sale in Ontonagon, MI on our real estate platform. These investment opportunities span a total of 19,600 square feet of properties for sale, with an estimated market value of $262,000.

    Sale prices for multi use buildings in Ontonagon, MI start at $131,000, averaging $131,000, and reaching up to $131,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 2,261
    Population Growth (5Y) -10.2%
    Median Household Income $55,647
    College Educated 25.0%

    High-Yield Neighborhoods for Investment

    Identify Ontonagon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49953 $221.3K

    Taxes & Financing

    Tax Rate (average for all types) 4.14%
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Ontonagon County

    New Delisted

    Total CRE Inventory on Market (SF)

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