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    Ontonagon, MI
    Residential Income

    Ontonagon, MI Residential Income Properties for Sale

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

    122 GREENLAND RD, Ontonagon, MI 49953

    $159,900
    2,400 sqft 0.59 AC lot
    2,400‑square‑foot building configured as four commercial rental units
    Fully occupied four‑unit property
    Built in 1991 by the owners
    Situated on a 0.59‑acre lot
    Large parking area with in‑and‑out vehicle circulation
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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
    10-Unit Apartment Building

    42280 Willson Memorial Drive, Chassell, MI 49916

    $640,000
    8,184 sqft 1.03 AC lot

    Renovated multifamily property offering studio, one-bedroom, and two-bedroom residences with tenant-controlled HVAC and coin laundry.

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    Renovated 10-Unit Apartment Building
    Renovated 10-Unit Apartment Building

    42280 Willson Memorial Drive, Chassell, MI 49916

    $640,000
    8,184 sqft 1.03 AC lot

    Renovated multifamily property with mixed unit types, tenant-controlled HVAC, and coin laundry.

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    Updated Duplex with Flexible Layout
    Updated Duplex with Flexible Layout

    803 Elm Street, Hancock, MI 49930

    $229,900
    3,040 sqft 0.12 AC lot

    Two residential units offer separate entrances, shared laundry, porch space, and access to parking from the side and alley.

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    Updated Duplex Near Downtown
    Updated Duplex Near Downtown

    803 Elm Street, Hancock, MI 49930

    $229,900
    3,040 sqft 0.13 AC lot

    Two leased residences provide separate entrances, shared laundry, and parking areas assigned by unit.

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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.

    Residential Land Near Lake Superior
    Residential Land Near Lake Superior

    TBD2 Cedar Balsam Station, Ontonagon, MI 49953

    Contact for pricing
    1.08 AC lot

    Residential land near Lake Superior and village amenities.

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    Wooded Hunting Land with Building Site
    Wooded Hunting Land with Building Site

    14571 Holombo Road, Bruce Crossing, MI 49912

    $299,000
    176.00 AC lot

    Wooded acreage includes an established building site, utilities, outbuildings, and an internal trail network.

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    Wooded Recreational Land
    Wooded Recreational Land

    S Laird Road, Pelkie, MI 49958

    $288,000
    160.00 AC lot

    Wooded tract with the North Country National Scenic Trail crossing part of the property.

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    Wooded Hunting Land with Two Lots
    Wooded Hunting Land with Two Lots

    Orange Road lot: Tbd Blue Road, Nisula, MI 49952

    $35,000
    23.67 AC lot

    Off-the-grid wooded hunting land in the Silver River Reserve within the Ottawa National Forest, accessed by seasonal roads.

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    Ontonagon, MI Residential Income Properties Market Trends and Statistics

    Explore 1 residential income 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 residential income 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

    Multifamily properties 1
    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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