119 W Water St, Sault Sainte Marie, MI 49783
For Sale
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Exceptional opportunity to acquire a 0.5-acre commercial land parcel in Sault Ste. Marie, Michigan. Located at 119 W Water St, this property boasts a highly desirable location overlooking the Soo Locks, a major tourist attraction and international shipping channel. The property is zoned commercial, presenting a multitude of development possibilities for businesses seeking to capitalize on the area's unique blend of commercial and tourism activity. Sault Ste. Marie, the county seat of Chippewa County, is situated on the Northeastern end of Michigan's Upper Peninsula, bordering Canada. The city's population, while smaller than its Canadian counterpart, benefits from strong economic ties to the region and the significant tourism generated by the Soo Locks and the historic downtown area. This prime location offers unparalleled visibility and access to a steady stream of visitors and local businesses. The asking price for this exceptional commercial land is $749,900. Don't miss this chance to invest in a thriving community with significant growth potential. The property's address is 119 W Water St, Sault Ste. Marie, MI 49783.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.