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    Sault Sainte Marie, MI
    Residential Income

    Sault Sainte Marie, MI Residential Income Properties for Sale

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    Hessel, MI Barbeau, MI Dafter, MI Rudyard, MI Kinross, MI Pickford, MI Goetzville, MI
    7 properties
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    Renovated Boutique Motel
    Updated: May 26
    Renovated Boutique Motel

    Sault Sainte Marie, MI 49783

    $1,250,000
    9,959 sqft
    9,959‑square‑foot motel property
    Renovated 1950s roadside motel
    Operating boutique vacation rental business
    Established brand with consistent income
    Detailed financials supporting the operation
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    Mixed-Use Building with Salon
    Updated: Mar 12
    Mixed-Use Building with Salon

    Sault Sainte Marie, MI 49783

    $510,000
    4,942 sqft
    4,942 square feet across a commercial main floor and two upstairs apartments
    2,375‑square‑foot main floor configured as an open salon
    Salon includes 8 chairs, 9 stylists, massage therapy, and reception
    One upstairs apartment has 2 bedrooms and 1 bath
    Upper‑level residence features exposed brick, granite countertops, and soaring ceilings
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    Mixed-Use Live-Work Property
    Mixed-Use Live-Work Property

    Sault Sainte Marie, MI 49783

    $199,000
    2,580 sqft 0.19 AC lot

    Two-level property includes a 2-bedroom apartment above and a studio-style space with storefront windows below.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Property With Retail Space
    Mixed-Use Property With Retail Space

    Sault Sainte Marie, MI 49783

    $270,000
    2,710 sqft

    Ground-floor retail space is paired with a finished two-bedroom short-term rental on the level above.

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    Multi-Unit Apartment Building
    Multi-Unit Apartment Building

    Sault Sainte Marie, MI 49783

    $397,500
    0.32 AC lot

    Multi-unit apartment building for sale in Sault Ste. Marie, MI, offered by a Michigan-licensed real estate agent.

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    Duplex With Attached Garage
    Duplex With Attached Garage

    Sault Sainte Marie, MI 49783

    $87,500
    1,720 sqft 0.14 AC lot

    Two-unit residential property with an attached garage and flexible living space.

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    Triplex with Off-Street Parking
    Triplex with Off-Street Parking

    Sault Sainte Marie, MI 49783

    $99,000
    0.09 AC lot

    Vacant three-unit property with two two-bedroom apartments and one one-bedroom apartment.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 7 Active listings in Sault Sainte Marie, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Waterfront Resort with Rental Cabins
    Waterfront Resort with Rental Cabins

    17461 W Norton Rd., Gould City, MI 49838

    $1,425,000
    3.75 AC lot

    Fully operational resort on South Manistique Lake featuring 11 rental cabins plus an on-site owners residence.

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    Waterfront Resort With Rental Cabins
    Waterfront Resort With Rental Cabins

    17461 W NORTON RD., Gould City, MI 49838

    $1,425,000

    Weekly rental cabin property with an on-site owners residence and established booking system.

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    Fully Occupied Multifamily Property
    Fully Occupied Multifamily Property

    225 BACKUS STREET, Cheboygan, MI 49721

    $150,000

    Multifamily units are currently rented at full occupancy within Cheboygan city limits.

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    Fully Occupied Multifamily Property
    Fully Occupied Multifamily Property

    501 N BALL STREET, Cheboygan, MI 49721

    $75,000

    Multifamily housing asset reported at full occupancy within Cheboygan city limits.

    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.

    Residential Land in Quiet Neighborhood
    Residential Land in Quiet Neighborhood

    Peck Street, Sault Sainte Marie, MI 49783

    Contact for pricing
    0.22 AC lot

    Buildable lot near Lake Superior State University and Soo Locks.

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    Sault Sainte Marie, MI Residential Income Properties Market Trends and Statistics

    Explore 7 residential income properties for sale in Sault Sainte Marie, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 21,911 square feet of properties for sale, with an estimated market value of $2,813,000.

    Sale prices for residential income properties in Sault Sainte Marie, MI start at $87,500, averaging $401,857, and reaching up to $1,250,000 — 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

    Multifamily properties 7
    Duplexes 2
    Short term rental properties 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 24K
    Population Growth (5Y) -18.3%
    Median Household Income $58,587
    College Educated 10.4%

    High-Yield Neighborhoods for Investment

    Identify Sault Sainte Marie submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49783 $451.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.35%
    Tax Rate vs County Average 0.06 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Chippewa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Chippewa County

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