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    Ontonagon, MI
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    Ontonagon, MI Retail Properties & Spaces for Sale

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    Greenland, MI Rockland, MI Carp Lake, MI Mass City, MI White Pine, MI Toivola, MI Ewen, MI Nisula, MI
    Downtown Retail Building with Upstairs Space
    Updated: Nov 3, 2023
    Downtown Retail Building with Upstairs Space

    425 River Street, Ontonagon, MI 49953

    $131,000
    9,800 sqft 0.12 AC lot
    9800 sq ft of space provides a tremendous opportunity for development.
    Premier location in the heart of the business community in Ontonagon.
    Main street storefront area has existing tenants (flower shop, gift shop, contractor's office) providing immediate income potential.
    Upstairs space is totally vacant and available for development.
    Located in the charming Village of Ontonagon, on the shores of Lake Superior and The Ontonagon River.
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    Ontonagon Mixed-Use Development Opportunity
    Updated: Oct 27, 2023
    Ontonagon Mixed-Use Development Opportunity

    425 River, Ontonagon, MI 49953

    $131,000
    9,800 sqft
    9800 sq ft of space for development.
    Prime commercial location in the heart of Ontonagon.
    Vacant upstairs space ready for development.
    Existing tenants in the main street storefront: flower shop, gift shop, and contractor's office.
    Located in a village on the shores of Lake Superior and the Ontonagon River.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, 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.

    Automotive Repair Shop Building
    Automotive Repair Shop Building

    714 Sunday Lake Street, Wakefield, MI 49968

    $115,000
    1,800 sqft 1.50 AC lot

    Mechanic shop with two bays, 10-foot doors, an office, and bathroom, plus a newer roof on 1.5 acres.

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    Turn-Key Coffeehouse and Restaurant
    Turn-Key Coffeehouse and Restaurant

    1010 US HWY 2 E, Wakefield, MI 49968

    Contact for pricing
    4,000 sqft

    Lower-level coffeehouse and retail operation comes equipped, with an immaculate 3-bedroom, 1-bath residence above.

    View details
    Ewen Commercial Space on Highway
    Ewen Commercial Space on Highway

    20143 Hwy M28, Ewen, MI 49925

    $69,000
    1,300 sqft 0.50 AC lot

    Single-level commercial building with highway frontage and recent updates.

    View details
    Retail Building with Highway Frontage
    Retail Building with Highway Frontage

    20143 HWY M28, Ewen, MI 49925

    $69,000
    0.60 AC lot

    Single-level retail space with open layout, parking, and approximately 200 feet of highway frontage.

    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.

    Houghton Land Development Opportunity
    Houghton Land Development Opportunity

    Cedar Street, Houghton, MI 49931

    $499,900
    75.95 AC lot

    75+ acres of prime land in Houghton, Michigan.

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    Eagle River Commercial Land Parcel
    Eagle River Commercial Land Parcel

    4365 WALL ST, Eagle River, WI 54521

    $379,900
    7.36 AC lot

    7.36 acre commercial land with highway frontage in Eagle River.

    View details
    Buildable Vacant Commercial Land Parcel
    Buildable Vacant Commercial Land Parcel

    4301 HWY 70, Eagle River, WI 54521

    $419,000
    4.80 AC lot

    Vacant 4.8-acre, buildable parcel on Hwy 70 in Eagle River, suited for planned development within city limits.

    View details
    Prime Commercial Parcel on Highway
    Prime Commercial Parcel on Highway

    Off HWY 51, Arbor Vitae, WI 54521

    $164,900
    1.03 AC lot

    1.03-acre commercial parcel with high visibility and traffic.

    View details

    Ontonagon, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 2 retail properties & spaces for sale in Ontonagon, MI on our real estate platform. These investment opportunities span a total of 19,600 square feet of properties for sale, with an estimated market value of $262,000.

    Sale prices for stores in Ontonagon, MI average $131,000 — 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

    Storefront properties 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 $283.3K

    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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