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    Ontonagon, MI Office Buildings for Sale

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    Downtown Office Building with Banquet Room
    Updated: Jul 17, 2025
    Downtown Office Building with Banquet Room

    429 River Street, Ontonagon, MI 49953

    $469,000
    5,000 sqft 0.12 AC lot
    Newer construction built in 2000
    5,000 square foot building with two separated office spaces
    Large banquet room with open floor and tall ceilings, suitable for events
    One office space is currently leased by Michigan Works, providing immediate rental income
    Features natural gas heat and central air conditioning
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    Downtown Office Building with Banquet Room
    Updated: Jul 17, 2025
    Downtown Office Building with Banquet Room

    429 River Street, Ontonagon, MI 49953

    $499,000
    5,000 sqft
    5,000 SF commercial building in downtown Ontonagon
    Natural gas heat and central air conditioning
    Village water/sewer service
    Two separated office spaces, including a large banquet room with open floor and tall ceilings
    Front office is currently leased by Michigan Works
    View details
    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 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ontonagon, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Office Building with Reception Area
    Office Building with Reception Area

    230 Washington Avenue, Iron River, MI 49935

    $115,000
    1,262 sqft 0.05 AC lot

    Office building with a reception area, multiple offices, central air, forced-air heat, and roof placed 2–3 years ago.

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    Historic Brick Office Building
    Historic Brick Office Building

    208 Cherry Street, Iron River, MI 49935

    $60,000
    8,084 sqft 0.19 AC lot

    Two-story commercial property with historic detailing, available parking, and alley-accessible garage space.

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    Renovated Office Building with Loft
    Renovated Office Building with Loft

    216 Aurora St, Ironwood, MI 49938

    $524,900

    Flexible office layout with separate loft access, additional residential accommodations, and garage and basement storage.

    View details
    Office Building with Corner Thermal Windows
    Office Building with Corner Thermal Windows

    101 E Aurora Street, Ironwood, MI 49938

    $429,000
    10,800 sqft 0.08 AC lot

    Three finished floors with open, daylight-filled areas, heated double-doored vestibules, and central air for office use or subdivision.

    View details

    Ontonagon, MI Office Buildings Market Trends and Statistics

    Explore 2 office buildings for sale in Ontonagon, MI on our real estate platform. These investment opportunities span a total of 10,000 square feet of properties for sale, with an estimated market value of $968,000.

    Sale prices for office properties in Ontonagon, MI start at $469,000, averaging $484,000, and reaching up to $499,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office buildings 2
    Office Units 2

    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 $484K

    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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