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    FOR SALE
    Commercial land

    119 W Water St, Sault Sainte Marie, MI 49783

    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-3680447
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    APN 051-143-154-50
    UPID US43-3680447
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    GREAT LAKES MICHIGAN LLC
    GREAT LAKES MICHIGAN LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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