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    Ontonagon, MI Office Spaces 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 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.

    Historic Mixed-Use Office Building
    Historic Mixed-Use Office Building

    216 E Aurora Street, Ironwood, MI 49938

    $524,900
    7,093 sqft 0.13 AC lot

    Renovated office spaces on the main level with a separately accessed second-floor loft and apartment.

    View details
    COMMERCIAL - Iron River, MI
    COMMERCIAL - Iron River, MI

    32 N 4Th Ave, Iron River, MI 49935

    $275,000
    11,680 sqft 0.77 AC lot

    Commercial storefront on 0.77 acres with high-visibility frontage.

    View details
    COMMERCIAL - Iron River, MI
    COMMERCIAL - Iron River, MI

    121 N 5Th Ave, Iron River, MI 49935

    $395,000
    18,000 sqft 0.74 AC lot

    Unique 18,000 SF former church with turn-key basement living.

    View details
    Historic Office Building with Renovated Loft
    Historic Office Building with Renovated Loft

    216 AURORA ST E, Ironwood, MI 49938

    $524,900
    0.13 AC lot

    Renovated office space with a fully renovated 2nd-level loft and apartment, including separate access and shared hall entry.

    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.

    Highway Frontage Commercial Land
    Highway Frontage Commercial Land

    4365 WALL ST, Eagle River, WI 54521

    $379,900
    7.36 AC lot

    Commercial land with Highway 45 access and frontage along Wall Street near Eagle River.

    View details
    Commercial Land with City Utilities
    Commercial Land with City Utilities

    NAVAJO ST lot: C, Rhinelander, WI 54501

    $294,030
    0.75 AC lot

    Business park lot with paved improvements and access to public water and sewer.

    View details
    Vacant City Lot in Downtown
    Vacant City Lot in Downtown

    ON DIVISION ST, Park Falls, WI 54552

    Contact for pricing
    0.06 AC lot

    Vacant 0.06 acre city lot in downtown Park Falls.

    View details
    Commercial Land with City Utilities
    Commercial Land with City Utilities

    NAVAJO ST lot: 3, Rhinelander, WI 54501

    $701,316
    2.30 AC lot

    Business site with public water and sewer service in an established professional business park.

    View details

    Ontonagon, MI Office Spaces Market Trends and Statistics

    Explore 2 office spaces 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 spaces 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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