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    Ontonagon, MI
    Multifamily

    Ontonagon, MI Multifamily Properties for Sale

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    Greenland, MI Rockland, MI Carp Lake, MI Mass City, MI White Pine, MI Toivola, MI Ewen, MI Nisula, MI
    Four-Unit Commercial Quadplex
    Updated: Jul 28
    Four-Unit Commercial Quadplex

    122 GREENLAND RD, Ontonagon, MI 49953

    $159,900
    2,400 sqft 0.59 AC lot
    2,400‑square‑foot commercial rental building
    Four commercial units, fully occupied
    Built in 1991 on a 0.59‑acre lot
    Newer asphalt roof with vinyl siding
    Forced‑air heating with natural gas
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

    10-Unit Apartment Building with Parking
    10-Unit Apartment Building with Parking

    42280 Willson Memorial Drive, Chassell, MI 49916

    $640,000
    8,184 sqft 1.03 AC lot

    Tenants enjoy tenant-controlled HVAC, coin laundry, and updated interiors in a smoke-free multifamily community.

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    10-Unit Apartment Building on US-41
    10-Unit Apartment Building on US-41

    42280 Willson Memorial Drive, Chassell, MI 49916

    $640,000
    8,184 sqft 1.03 AC lot

    10-unit apartment building with studio through two-bedroom units, updated interiors, parking, coin laundry, and sprinkler system.

    View details
    Duplex with Updated Electrical System
    Duplex with Updated Electrical System

    803 Elm Street, Hancock, MI 49930

    $239,000
    3,040 sqft 0.13 AC lot

    Well-maintained duplex with front and rear entrances, central air, and shared rear-access laundry facilities.

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    Duplex with Enclosed Front Porch
    Duplex with Enclosed Front Porch

    803 Elm Street, Hancock, MI 49930

    $239,000
    3,040 sqft 0.12 AC lot

    Well-maintained duplex with an enclosed front porch and a fully updated electrical system for both units.

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    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.

    Menominee City Building Lot
    Menominee City Building Lot

    605 46th Avenue, Menominee, MI 49858

    Contact for pricing

    Building lot near Henes Park with utilities on site.

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    Menominee City Building Lot
    Menominee City Building Lot

    605 46th Avenue, Menominee, MI 49858

    Contact for pricing
    0.21 AC lot

    Building lot near Henes Park, ready for construction.

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    Commercial Development Land Parcel
    Commercial Development Land Parcel

    101 Morris Avenue, Hinckley, MN 55037

    $799,000
    9.20 AC lot

    Approximately 9.2-acre commercial land parcel near highway access in Hinckley, Minnesota.

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    Buildable Residential Lot with Pines
    Buildable Residential Lot with Pines

    Bollig Court lot: 2, Nekoosa, WI 54457

    $35,000
    2.45 AC lot

    A wooded 2.45-acre lot with electric and fiber available at the lot line, suited for a home or cabin.

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    Ontonagon, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Ontonagon, MI on our real estate platform. These investment opportunities span a total of 2,400 square feet of properties for sale, with an estimated market value of $159,900.

    Sale prices for multifamily properties in Ontonagon, MI average $159,900 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 1

    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 $159.9K

    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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